Insider Buying: Joseph F. Eazor Buys 64,600 Shares of EarthLink Stock (ELNK)
EarthLink (NASDAQ:ELNK) CEO Joseph F. Eazor acquired 64,600 shares of the stock on the open market in a transaction dated Tuesday, February 25th. The stock was purchased at an average price of $3.88 per share, with a total value of $250,648.00. Following the completion of the transaction, the chief executive officer now directly owns 64,600 shares in the company, valued at approximately $250,648. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Jefferies Group initiated coverage on shares of EarthLink in a research note on Thursday, December 19th. They set an “underperform” rating and a $4.00 price target on the stock.
Shares of EarthLink (NASDAQ:ELNK) traded up 3.36% on Tuesday, hitting $4.00. The stock had a trading volume of 2,555,708 shares. EarthLink has a 1-year low of $3.82 and a 1-year high of $6.80. The stock’s 50-day moving average is $4.57 and its 200-day moving average is $4.95. The company’s market cap is $407.5 million.
EarthLink (NASDAQ:ELNK) last issued its quarterly earnings data on Wednesday, February 19th. The company reported ($0.13) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.19) by $0.06. On average, analysts predict that EarthLink will post $-0.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Thursday, March 13th.
EarthLink, Inc (NASDAQ:ELNK), is a network, communications and information technology (IT) services provider to business and residential customers in the United States.
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