Real Matters (TSE:REAL) Sets New 1-Year Low - Here's What Happened

Key Points

• Real Matters shares hit a new 52-week low, falling 3.8% to C$4.40 intraday and closing near C$4.45, below the previous close of C$4.53.
• Analysts have recently reduced their price targets and ratings, although the stock retains a consensus “Moderate Buy” rating with an average target of C$7.43.
• The company reported quarterly revenue of C$73.12 million and earnings of C$0.01 per share, but posted a negative net margin of 10.07% and negative return on equity of 21.48%.

Real Matters Inc. (TSE:REAL - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The company traded as low as C$4.40 and last traded at C$4.45, with a volume of 6078 shares traded. The stock had previously closed at C$4.53.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on REAL. National Bank Financial dropped their price target on shares of Real Matters from C$7.50 to C$6.50 and set a "sector perform" rating on the stock in a report on Wednesday, May 27th. ATB Cormark Capital Markets cut shares of Real Matters from an "outperform" rating to a "sector perform" rating and decreased their price objective for the company from C$8.00 to C$6.00 in a report on Friday, July 31st. BMO Capital Markets lowered their price objective on shares of Real Matters from C$7.00 to C$6.00 and set a "market perform" rating on the stock in a research report on Monday, May 4th. TD lowered their price objective on shares of Real Matters from C$9.00 to C$7.00 and set a "buy" rating on the stock in a research report on Friday, July 31st. Finally, Raymond James Financial dropped their target price on shares of Real Matters from C$8.25 to C$7.50 and set an "outperform" rating on the stock in a report on Friday, July 31st. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of C$7.43.

Real Matters Stock Down 3.8%

The company has a market cap of C$323.90 million, a P/E ratio of -16.15, a price-to-earnings-growth ratio of -59.18 and a beta of 1.58. The company has a quick ratio of 3.75, a current ratio of 113.51 and a debt-to-equity ratio of 1.46. The company has a fifty day moving average of C$5.01 and a 200 day moving average of C$5.47.

Real Matters (TSE:REAL - Get Free Report) last posted its earnings results on Thursday, July 30th. The company reported C$0.01 earnings per share for the quarter. The company had revenue of C$73.12 million for the quarter. Real Matters had a negative return on equity of 21.48% and a negative net margin of 10.07%. On average, research analysts anticipate that Real Matters Inc. will post 0.1956803 earnings per share for the current fiscal year.

Real Matters Company Profile

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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