World Wrestling Entertainment EVP Unloads $127,545 in Stock (WWE)
World Wrestling Entertainment (NYSE:WWE) EVP Stephanie Levesque unloaded 12,529 shares of the stock on the open market in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $10.18, for a total transaction of $127,545.22. Following the transaction, the executive vice president now directly owns 51,945 shares of the company’s stock. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on WWE shares. Analysts at Roth Capital upgraded shares of World Wrestling Entertainment (NYSE:WWE) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, September 4th. They now have a $13.00 price target on the stock, up previously from $10.00. Separately, analysts at Zacks downgraded shares of World Wrestling Entertainment (NYSE:WWE) from a “neutral” rating to an “underperform” rating in a research note to investors on Friday, August 2nd. They now have a $9.80 price target on the stock. Finally, analysts at Sidoti upgraded shares of World Wrestling Entertainment (NYSE:WWE) from a “neutral” rating to a “buy” rating in a research note to investors on Friday, June 28th.
World Wrestling Entertainment (NYSE:WWE) traded up 0.20% on Friday, hitting $10.16. The stock had a trading volume of 50,073 shares. World Wrestling Entertainment has a one year low of $7.50 and a one year high of $11.33. The stock has a 50-day moving average of $10.21 and a 200-day moving average of $9.61. The company has a market cap of $762.9 million and a P/E ratio of 61.08.
World Wrestling Entertainment (NYSE:WWE) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.07. The company had revenue of $152.30 million for the quarter, compared to the consensus estimate of $138.40 million. During the same quarter last year, the company posted $0.17 earnings per share. World Wrestling Entertainment’s revenue was up 7.6% compared to the same quarter last year. On average, analysts predict that World Wrestling Entertainment will post $0.23 earnings per share for the current fiscal year.
World Wrestling Entertainment, Inc (NYSE:WWE) is an integrated media and entertainment company, principally engaged in the development, production and marketing of television and pay-per-view event programming and live events and the licensing and sale of consumer products featuring its brands.
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