Insider Selling: Xoom Corporation Director Sells 37,125 Shares of Stock (XOOM)
Xoom Corporation (NASDAQ:XOOM) Director Kevin Hartz sold 37,125 shares of Xoom Corporation stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $28.06, for a total value of $1,041,727.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Needham & Company reiterated a “buy” rating on shares of Xoom Corporation in a research note to investors on Wednesday, October 23rd. They now have a $40.00 price target on the stock, up previously from $35.00. Separately, analysts at SunTrust initiated coverage on shares of Xoom Corporation in a research note to investors on Monday, October 21st. They set a “buy” rating and a $45.00 price target on the stock. Finally, analysts at Susquehanna upgraded shares of Xoom Corporation from a “neutral” rating to a “positive” rating in a research note to investors on Thursday, October 10th. They now have a $38.00 price target on the stock, up previously from $28.00. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $35.80.
Shares of Xoom Corporation (NASDAQ:XOOM) traded up 6.58% during mid-day trading on Tuesday, hitting $29.50. The stock had a trading volume of 667,856 shares. Xoom Corporation has a 52 week low of $17.68 and a 52 week high of $36.46. The stock’s 50-day moving average is $30.00 and its 200-day moving average is $23.70. The company has a market cap of $1.102 billion and a P/E ratio of 217.95.
Xoom Corporation (NASDAQ:XOOM) last announced its earnings results on Tuesday, October 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.07. The company had revenue of $32.30 million for the quarter, compared to the consensus estimate of $29.39 million. During the same quarter in the previous year, the company posted ($0.45) earnings per share. The company’s revenue for the quarter was up 62.3% on a year-over-year basis. Analysts expect that Xoom Corporation will post $0.22 EPS for the current fiscal year.
Xoom Corporation (NASDAQ:XOOM) is engaged in online international money transfer service.
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