Real Matters (TSE:REAL) Shares Up 1.9% – Time to Buy?

Real Matters Inc. (TSE:REAL)’s share price shot up 1.9% during trading on Monday . The stock traded as high as C$5.93 and last traded at C$5.89. 44,537 shares changed hands during mid-day trading, a decline of 35% from the average session volume of 68,623 shares. The stock had previously closed at C$5.78.

Analyst Ratings Changes

Several research firms have commented on REAL. BMO Capital Markets cut their price target on Real Matters from C$7.50 to C$7.00 in a report on Friday, November 22nd. Raymond James cut their price target on Real Matters from C$10.50 to C$9.00 in a report on Friday, November 22nd. Canaccord Genuity Group cut their price target on Real Matters from C$10.00 to C$8.50 in a report on Friday, November 22nd. Finally, Cormark cut their price target on Real Matters from C$8.75 to C$7.50 in a report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Real Matters currently has a consensus rating of “Moderate Buy” and a consensus price target of C$8.64.

Real Matters Stock Performance

The company has a current ratio of 4.68, a quick ratio of 3.75 and a debt-to-equity ratio of 2.27. The stock has a fifty day moving average price of C$6.41 and a 200-day moving average price of C$7.21. The firm has a market capitalization of C$303.03 million, a price-to-earnings ratio of 58.99, a PEG ratio of -59.18 and a beta of 0.86.

Insider Transactions at Real Matters

In related news, Senior Officer Ryan Jacob Smith sold 10,752 shares of the stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of C$5.76, for a total transaction of C$61,931.52. Also, Director Kay Brekken purchased 7,870 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average price of C$6.10 per share, for a total transaction of C$48,004.64. 5.17% of the stock is currently owned by insiders.

About Real Matters

Real Matters Inc operates as a technology and network management company in Canada and the United States. It operates through three segments: U.S. Appraisal, U.S. Title, and Canada. It offers residential mortgage appraisals for purchase, refinance, and home equity and default transactions to the mortgage lending industry, as well as title services for refinance, purchase, home equity, short sale, and real estate-owned transactions to financial institutions under the Solidifi brand; and insurance inspection services to property and casualty insurers under the iv3 brand.