Bright Horizons Family Solutions COO Sells $40,700 in Stock (BFAM)
Bright Horizons Family Solutions (NASDAQ:BFAM) COO Mary Ann Tocio unloaded 1,100 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $37.00, for a total value of $40,700.00. Following the completion of the sale, the chief operating officer now directly owns 179,466 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 BFAM shares. Analysts at Zacks upgraded shares of Bright Horizons Family Solutions (NASDAQ:BFAM) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 2nd. They now have a $39.10 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Bright Horizons Family Solutions (NASDAQ:BFAM) from $34.00 to $39.00 in a research note to investors on Friday, August 9th. They now have a “market perform” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Bright Horizons Family Solutions (NASDAQ:BFAM) from $36.00 to $40.00 in a research note to investors on Friday, August 9th. They now have an “overweight” rating on the stock.
Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $36.51.
Shares of Bright Horizons Family Solutions (NASDAQ:BFAM) traded down 1.03% on Friday, hitting $36.37. 175,821 shares of the company’s stock traded hands. Bright Horizons Family Solutions has a 52-week low of $27.50 and a 52-week high of $38.39. The stock’s 50-day moving average is $36.4 and its 200-day moving average is $34.32. The company’s market cap is $2.358 billion.
Bright Horizons Family Solutions (NASDAQ:BFAM) last announced its earnings results on Thursday, August 8th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.03. The company had revenue of $311.00 million for the quarter, compared to the consensus estimate of $305.88 million. The company’s quarterly revenue was up 14.6% on a year-over-year basis. On average, analysts predict that Bright Horizons Family Solutions will post $1.20 earnings per share for the current fiscal year.
Bright Horizons Family Solution Inc, provider of child care and early education services, as well as other services designed to help employers and families better address the challenges of work and life.
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