Advisory Board CEO Unloads $1,575,155 in Stock (ABCO)
Advisory Board (NASDAQ:ABCO) CEO Robert Musslewhite sold 23,205 shares of the stock on the open market in a transaction dated Monday, October 21st. The stock was sold at an average price of $67.88, for a total transaction of $1,575,155.40. Following the transaction, the chief executive officer now directly owns 33,692 shares in the company, valued at approximately $2,287,013. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
ABCO has been the subject of a number of recent research reports. Analysts at Craig Hallum initiated coverage on shares of Advisory Board in a research note to investors on Monday, October 14th. 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 given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $64.00.
Advisory Board (NASDAQ:ABCO) traded down 0.77% on Wednesday, hitting $67.15. 35,887 shares of the company’s stock traded hands. Advisory Board has a 1-year low of $42.72 and a 1-year high of $60.43. The stock has a 50-day moving average of $57.67 and a 200-day moving average of $53.22. The company has a market cap of $2.407 billion and a price-to-earnings ratio of 112.97.
Advisory Board (NASDAQ:ABCO) last released its earnings data 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. On average, analysts predict that Advisory Board will post $1.25 earnings per share 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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