Insider Selling: Advisory Board President Sells 6,437 Shares of Stock (ABCO)
Advisory Board (NASDAQ:ABCO) President David Felsenthal sold 6,437 shares of Advisory Board stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $58.02, for a total value of $373,474.74. Following the completion of the transaction, the president now directly owns 33,482 shares in the company. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
ABCO has been the subject of a number of recent research reports. Analysts at Bank of America Corp. initiated coverage on shares of Advisory Board (NASDAQ:ABCO) in a research note to investors on Friday. They set a “buy” rating and a $67.00 price target on the stock. Separately, 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. Finally, 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.
One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Advisory Board presently has a consensus rating of “Buy” and a consensus target price of $62.40.
Advisory Board (NASDAQ:ABCO) traded up 2.10% on Friday, hitting $59.37. The stock had a trading volume of 126,985 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 $57.6 and a 200-day moving average of $53.15. The company has a market cap of $2.128 billion and a price-to-earnings ratio of 97.08.
Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.31 earnings per share (EPS) for the quarter, beating the 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.