Insider Selling: Carol Steinberg Sells 4,800 Shares of ValueVision Media Stock (VVTV)
ValueVision Media (NASDAQ:VVTV) COO Carol Steinberg sold 4,800 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $4.84, for a total value of $23,232.00. Following the sale, the chief operating officer now directly owns 95,136 shares in the company, valued at approximately $460,458. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Sidoti initiated coverage on shares of ValueVision Media in a research note to investors on Tuesday, October 8th. They set a “buy” rating on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of ValueVision Media from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 23rd. Finally, analysts at Zacks downgraded shares of ValueVision Media from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, August 26th. They now have a $4.10 price target on the stock. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. ValueVision Media presently has an average rating of “Hold” and an average target price of $4.70.
Shares of ValueVision Media (NASDAQ:VVTV) traded up 2.69% during mid-day trading on Wednesday, hitting $4.97. The stock had a trading volume of 204,226 shares. ValueVision Media has a 52-week low of $1.62 and a 52-week high of $6.35. The stock’s 50-day moving average is $4.63 and its 200-day moving average is $4.81. The company’s market cap is $246.5 million.
ValueVision Media (NASDAQ:VVTV) last posted its quarterly earnings results on Wednesday, August 21st. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.03. The company had revenue of $149.00 million for the quarter, compared to the consensus estimate of $144.31 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 9.9% on a year-over-year basis. On average, analysts predict that ValueVision Media will post $-0.04 earnings per share for the current fiscal year.
ValueVision Media, Inc is an interactive multi-media retailer that markets, sells and distributes products to consumers through various digital platforms including television, online, mobile and social media.
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