Insider Buying: Michael Mcgowan Buys 1,006 Shares of On Assignment Stock (ASGN)
On Assignment (NASDAQ:ASGN) CEO Michael Mcgowan bought 1,006 shares of the company’s stock on the open market in a transaction that occurred on Monday, September 30th. The stock was purchased at an average price of $21.11 per share, with a total value of $21,236.66. Following the transaction, the chief executive officer now directly owns 311,116 shares in the company, valued at approximately $6,567,659. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of On Assignment (NASDAQ:ASGN) opened at 33.01 on Thursday. On Assignment has a 52 week low of $18.00 and a 52 week high of $33.74. The stock’s 50-day moving average is $31.93 and its 200-day moving average is $27.96. The company has a market cap of $1.769 billion and a P/E ratio of 28.80.
On Assignment (NASDAQ:ASGN) last announced its earnings results on Wednesday, July 24th. The company reported $0.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.04. The company had revenue of $417.90 million for the quarter, compared to the consensus estimate of $410.88 million. During the same quarter last year, the company posted $0.28 earnings per share. On Assignment’s revenue was up 47.6% compared to the same quarter last year. Analysts expect that On Assignment will post $1.18 EPS for the current fiscal year.
A number of research firms have recently commented on ASGN. Analysts at UBS AG raised their price target on shares of On Assignment (NASDAQ:ASGN) from $32.50 to $34.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of On Assignment (NASDAQ:ASGN) from $29.00 to $31.00 in a research note to investors on Thursday, July 25th. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets raised their price target on shares of On Assignment (NASDAQ:ASGN) from $33.00 to $34.00 in a research note to investors on Thursday, July 25th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $32.33.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.
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.