Insider Selling: Move CEO Sells 10,000 Shares of Stock (MOVE)
Move (NASDAQ:MOVE) CEO Steve Berkowitz sold 10,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $17.02, for a total value of $170,200.00. Following the transaction, the chief executive officer now directly owns 431,048 shares in the company, valued at approximately $7,336,437. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on MOVE. 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% during mid-day trading on Tuesday, hitting $16.32. 613,339 shares of the company’s stock traded hands. Move has a 1-year low of $6.92 and a 1-year high of $17.66. The stock has a 50-day moving average of $15.63 and a 200-day moving average of $13.0. The company has a market cap of $657.8 million and a P/E ratio of 174.27.
Move (NASDAQ:MOVE) last announced its earnings results on Thursday, August 1st. The company reported $0.11 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.04 earnings per share. Move’s revenue was up 16.6% compared to the same quarter last year. Analysts expect that Move will post $0.03 EPS 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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