Advisory Board General Counsel Evan Farber Sells 7,390 Shares (ABCO)
Advisory Board (NASDAQ:ABCO) General Counsel Evan Farber unloaded 7,390 shares of the stock on the open market in a transaction dated Monday, September 9th. The stock was sold at an average price of $58.00, for a total value of $428,620.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of research firms have recently commented on ABCO. Analysts at Raymond James raised their price target on shares of Advisory Board (NASDAQ:ABCO) from $55.00 to $66.00 in a research note to investors on Wednesday, August 7th. Separately, analysts at Deutsche Bank raised their price target on shares of Advisory Board (NASDAQ:ABCO) from $48.00 to $55.00 in a research note to investors on Friday, August 2nd. They now have a “hold” rating on the stock. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Thursday, August 1st. They now have a $68.00 price target on the stock, up previously from $58.00.
One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $61.25.
Shares of Advisory Board (NASDAQ:ABCO) traded up 1.22% on Tuesday, hitting $59.62. The stock had a trading volume of 109,701 shares. Advisory Board has a 52-week low of $42.72 and a 52-week high of $60.43. The stock has a 50-day moving average of $57.45 and a 200-day moving average of $53.01. The company has a market cap of $2.137 billion and a price-to-earnings ratio of 98.33.
Advisory Board (NASDAQ:ABCO) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.03. The company had revenue of $123.21 million for the quarter, compared to the consensus estimate of $121.88 million. During the same quarter last year, the company posted $0.31 earnings per share. Advisory Board’s revenue was up 18.3% compared to the same quarter last year. On average, analysts predict that Advisory Board will post $1.26 earnings per share for the current fiscal year.
The Advisory Board Company provides best practices research and analysis, software tools, and management and advisory services to the health care and education industries.
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