Move Inc. Hits New 52-Week High at $15.34 (MOVE)
Shares of Move (NASDAQ:MOVE) hit a new 52-week high during trading on Wednesday, American Banking and Market News reports. The stock traded as high as $15.34 and last traded at $15.32, with a volume of 312,498 shares trading hands. The stock had previously closed at $15.13.
A number of analysts have recently weighed in on MOVE shares. Analysts at Benchmark Co. raised their price target on shares of Move (NASDAQ:MOVE) from $14.00 to $17.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock. Separately, analysts at Stephens initiated coverage on shares of Move (NASDAQ:MOVE) in a research note to investors on Tuesday, July 16th. They set an “overweight” rating on the stock. Finally, analysts at B. Riley initiated coverage on shares of Move (NASDAQ:MOVE) in a research note to investors on Friday, June 28th. They set a “buy” rating on the stock.
In other Move news, CEO Steve Berkowitz sold 10,000 shares of the stock on the open market in a transaction dated Friday, September 6th. The stock was sold at an average price of $14.47, for a total value of $144,700.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Move has a one year low of $6.92 and a one year high of $15.22. The stock has a 50-day moving average of $14.33 and a 200-day moving average of $12.2. The company has a market cap of $624.3 million and a P/E ratio of 157.60.
Move (NASDAQ:MOVE) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.02. The company had revenue of $57.50 million for the quarter, compared to the consensus estimate of $56.17 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, analysts predict that Move will post $0.04 earnings per share for the current fiscal year.
Move, Inc (NASDAQ:MOVE) operates an online network of Websites for real estate search, finance, moving and home enthusiasts and provides a resource for consumers seeking the online information and connections they need regarding real estate.
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