Echo Global Logistics Director Bradley A. Keywell Sells 25,000 Shares (ECHO)
Echo Global Logistics (NASDAQ:ECHO) Director Bradley A. Keywell sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $19.30, for a total transaction of $482,500.00. Following the completion of the transaction, the director now directly owns 8,217 shares in the company, valued at approximately $158,588. 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 ECHO. Analysts at BB&T Corp. initiated coverage on shares of Echo Global Logistics in a research note to investors on Tuesday. They set a “hold” rating on the stock. Analysts at Cowen and Company initiated coverage on shares of Echo Global Logistics in a research note to investors on Thursday, November 14th. They set an “outperform” rating and a $23.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $21.95.
Echo Global Logistics (NASDAQ:ECHO) traded down 1.43% on Wednesday, hitting $18.60. 184,277 shares of the company’s stock traded hands. Echo Global Logistics has a 52 week low of $16.99 and a 52 week high of $22.65. The stock’s 50-day moving average is $20.67 and its 200-day moving average is $20.69. The company has a market cap of $436.5 million and a price-to-earnings ratio of 29.48.
Echo Global Logistics, Inc (NASDAQ:ECHO) is a provider of technology enabled transportation and supply chain management services.
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