Insider Selling: Frederick Scott Boecker Unloads 2,000 Shares of Move Stock (MOVE)
Move (NASDAQ:MOVE) Insider Frederick Scott Boecker sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $17.02, for a total value of $34,040.00. Following the transaction, the insider now directly owns 103,500 shares in the company, valued at approximately $1,761,570. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on MOVE shares. Analysts at Benchmark Co. raised their price target on shares of Move from $17.00 to $23.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Finally, analysts at Stephens initiated coverage on shares of Move in a research note to investors on Tuesday, July 16th. They set an “overweight” rating on the stock.
Shares of Move (NASDAQ:MOVE) traded down 2.45% on Tuesday, hitting $16.32. The stock had a trading volume of 613,339 shares. Move has a one year low of $6.92 and a one year high of $17.66. The stock’s 50-day moving average is $15.63 and its 200-day moving average is $13.0. The company has a market cap of $657.8 million and a price-to-earnings ratio of 174.27.
Move (NASDAQ:MOVE) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.09 by $0.02. The company had revenue of $57.50 million for the quarter, compared to the consensus estimate of $56.17 million. During the same quarter in the prior year, the company posted $0.04 earnings per share. The company’s quarterly revenue was up 16.6% on a year-over-year basis. On average, analysts predict that Move will post $0.03 earnings per share for the current fiscal year.
Move, Inc (NASDAQ:MOVE) operates an online network of Websites for real estate search, finance, moving and home enthusiasts and provides a resource for consumers seeking the online information and connections they need regarding real estate.
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