Real Matters Inc. (TSE:REAL – Get Free Report) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as C$4.40 and last traded at C$4.45, with a volume of 6078 shares. The stock had previously closed at C$4.53.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. TD cut their target price on shares of Real Matters from C$9.00 to C$7.00 and set a “buy” rating for the company in a report on Friday, July 31st. Raymond James Financial decreased their price target on shares of Real Matters from C$8.25 to C$7.50 and set an “outperform” rating on the stock in a research note on Friday, July 31st. ATB Cormark Capital Markets lowered shares of Real Matters from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$8.00 to C$6.00 in a research report on Friday, July 31st. Finally, National Bank Financial dropped their price objective on shares of Real Matters from C$7.50 to C$6.50 and set a “sector perform” rating for the company in a research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Real Matters currently has an average rating of “Moderate Buy” and an average price target of C$7.43.
View Our Latest Research Report on Real Matters
Real Matters Stock Performance
Real Matters (TSE:REAL – Get Free Report) last announced its earnings results on Thursday, July 30th. The company reported C$0.01 EPS for the quarter. The firm had revenue of C$73.12 million during the quarter. Real Matters had a negative return on equity of 21.48% and a negative net margin of 10.07%. Equities research analysts expect that Real Matters Inc. will post 0.1956803 earnings per share for the current fiscal year.
About Real Matters
Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada.
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