Insider Selling: Xoom Corporation CFO Sells 6,250 Shares of Stock (XOOM)
Xoom Corporation (NASDAQ:XOOM) CFO Ryno Blignaut unloaded 6,250 shares of the company’s stock on the open market in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $29.62, for a total value of $185,125.00. The sale was disclosed in a legal filing with the SEC, 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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently 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 52 week low of $17.68 and a 52 week 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 price-to-earnings ratio of 5524.00.
Xoom Corporation (NASDAQ:XOOM) last announced its earnings results on Wednesday, July 24th. The company reported $0.14 earnings per share 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 last year, the company posted ($0.20) earnings per share. Xoom Corporation’s revenue was up 59.5% compared to the same quarter last year. 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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