RealD CFO Andrew Skarupa Sells 61,941 Shares (RLD)
RealD (NYSE:RLD) CFO Andrew Skarupa sold 61,941 shares of RealD stock on the open market in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $8.11, for a total value of $502,341.51. Following the completion of the transaction, the chief financial officer now directly owns 50,584 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on RLD. Analysts at Stifel Nicolaus downgraded shares of RealD (NYSE:RLD) from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, September 4th. They now have a $10.00 price target on the stock. Separately, analysts at Zacks downgraded shares of RealD (NYSE:RLD) from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 12th. They now have a $9.20 price target on the stock. Finally, analysts at B. Riley upgraded shares of RealD (NYSE:RLD) from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, August 8th.
One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $11.55.
RealD (NYSE:RLD) opened at 7.56 on Thursday. RealD has a one year low of $7.52 and a one year high of $16.05. The stock’s 50-day moving average is $9.27 and its 200-day moving average is $12.70. The company’s market cap is $374.5 million.
RealD (NYSE:RLD) last released its earnings data on Wednesday, August 7th. The company reported ($0.03) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.04) by $0.01. The company had revenue of $59.20 million for the quarter, compared to the consensus estimate of $57.68 million. During the same quarter last year, the company posted $0.05 earnings per share. RealD’s revenue was down 13.2% compared to the same quarter last year. Analysts expect that RealD will post $-0.46 EPS for the current fiscal year.
RealD Inc is a licensor of three dimensional (NYSE:RLD) technologies.
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