Insider Selling: Advisory Board CFO Sells 3,000 Shares of Stock (ABCO)
Advisory Board (NASDAQ:ABCO) CFO Michael Kirshbaum unloaded 3,000 shares of the company’s stock on the open market in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $65.07, for a total transaction of $195,210.00. Following the completion of the transaction, the chief financial officer now directly owns 20,523 shares of the company’s stock, valued at approximately $1,335,432. The transaction 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 ABCO shares. Analysts at Craig Hallum initiated coverage on shares of Advisory Board in a research note to investors on Monday. They set a “buy” rating on the stock. Separately, analysts at Stephens initiated coverage on shares of Advisory Board in a research note to investors on Wednesday, October 2nd. They set an “overweight” rating on the stock. Finally, analysts at KeyCorp initiated coverage on shares of Advisory Board in a research note to investors on Monday, September 30th. They set a “buy” rating and a $72.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $64.00.
Advisory Board (NASDAQ:ABCO) traded up 0.57% on Thursday, hitting $67.39. The stock had a trading volume of 203,243 shares. Advisory Board has a 52 week low of $42.72 and a 52 week high of $67.64. The stock has a 50-day moving average of $59.6 and a 200-day moving average of $54.81. The company has a market cap of $2.415 billion and a price-to-earnings ratio of 111.87.
Advisory Board (NASDAQ:ABCO) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.31 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.28 by $0.03. The company had revenue of $123.21 million for the quarter, compared to the consensus estimate of $121.88 million. During the same quarter last year, the company posted $0.31 earnings per share. Advisory Board’s revenue was up 18.3% compared to the same quarter last year. Analysts expect that Advisory Board will post $1.25 EPS for the current fiscal year.
The Advisory Board Company provides best practices research and analysis, software tools, and management and advisory services to the health care and education industries.
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