Insider Selling: Julian King Sells 51,000 Shares of Xoom Corporation Stock (XOOM)
Xoom Corporation (NASDAQ:XOOM) SVP Julian King sold 51,000 shares of Xoom Corporation stock in a transaction that occured on Friday, August 16th. The stock was sold at an average price of $28.48, for a total value of $1,452,480.00. Following the sale, the senior vice president now directly owns 59,063 shares of the company’s stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
XOOM has been the subject of a number of recent research reports. Analysts at Susquehanna raised their price target on shares of Xoom Corporation from $23.00 to $28.00 in a research note to investors on Thursday, July 25th. They now have a “neutral” rating on the stock. Analysts at Needham & Company raised their price target on shares of Xoom Corporation from $27.00 to $35.00 in a research note to investors on Thursday, July 25th. They now have a “buy” rating on the stock.
Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $29.75.
Xoom Corporation (NASDAQ:XOOM) traded down 1.12% during mid-day trading on Monday, hitting $27.31. The stock had a trading volume of 293,300 shares. Xoom Corporation has a 1-year low of $17.68 and a 1-year high of $36.46. The stock has a 50-day moving average of $28.18 and a 200-day moving average of $22.87. The company has a market cap of $901.6 million and a P/E ratio of 5524.00.
Xoom Corporation (NASDAQ:XOOM) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.14 EPS for the quarter. The company had revenue of $33.50 million for the quarter, compared to the consensus estimate of $25.73 million. During the same quarter in the prior year, the company posted ($0.20) earnings per share. The company’s quarterly revenue was up 59.5% on a year-over-year basis. On average, analysts predict that Xoom Corporation will post $0.12 earnings per share for the current fiscal year.
Xoom Corporation (NASDAQ:XOOM) is engaged in online international money transfer service.
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