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

Key Points

• Real Matters fell to a new 52-week low of C$4.27, closing near C$4.31 and down 2.5% amid trading volume of 26,345 shares.
• Analysts have recently reduced their price targets, though the stock retains a “Moderate Buy” consensus rating with an average target of C$7.43.
• The company reported quarterly revenue of C$73.12 million and EPS of C$0.01, but continues to show a negative net margin and return on equity.

Real Matters Inc. (TSE:REAL - Get Free Report) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as C$4.27 and last traded at C$4.31, with a volume of 26345 shares changing hands. The stock had previously closed at C$4.42.

Analyst Upgrades and Downgrades

REAL has been the subject of several recent research reports. Raymond James Financial reduced their price target on Real Matters from C$8.25 to C$7.50 and set an "outperform" rating for the company in a research report on Friday, July 31st. National Bank Financial decreased their target price 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. ATB Cormark Capital Markets lowered shares of Real Matters from an "outperform" rating to a "sector perform" rating and dropped their price target for the company from C$8.00 to C$6.00 in a research report on Friday, July 31st. Finally, TD cut their price objective 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. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, Real Matters presently has a consensus rating of "Moderate Buy" and a consensus target price of C$7.43.

Real Matters Stock Down 2.5%

The stock has a market capitalization of C$320.19 million, a price-to-earnings ratio of -15.96, 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 business's 50-day moving average is C$4.93 and its two-hundred day moving average is C$5.40.

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