Insider Selling: On Assignment Insider Sells 5,872 Shares of Stock (ASGN)
On Assignment (NASDAQ:ASGN) Insider Christian Rutherford sold 5,872 shares of the stock on the open market in a transaction that occurred on Wednesday, February 26th. The stock was sold at an average price of $34.11, for a total transaction of $200,293.92. Following the completion of the sale, the insider now directly owns 14,570 shares of the company’s stock, valued at approximately $496,983. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
On Assignment (NASDAQ:ASGN) traded up 1.83% on Wednesday, hitting $33.98. The stock had a trading volume of 382,135 shares. On Assignment has a 52-week low of $21.43 and a 52-week high of $35.71. The stock has a 50-day moving average of $31.70 and a 200-day moving average of $32.57. The company has a market cap of $1.830 billion and a P/E ratio of 21.49.
On Assignment (NASDAQ:ASGN) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.02. The company had revenue of $423.60 million for the quarter, compared to the consensus estimate of $422.04 million. On average, analysts predict that On Assignment will post $1.46 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ASGN shares. Analysts at Zacks upgraded shares of On Assignment from a “neutral” rating to an “outperform” rating in a research note on Tuesday, February 4th. They now have a $36.70 price target on the stock. Separately, analysts at Jefferies Group downgraded shares of On Assignment from a “buy” rating to a “hold” rating in a research note on Monday, February 3rd. Finally, analysts at Deutsche Bank upgraded shares of On Assignment from a “hold” rating to a “buy” rating in a research note on Monday, February 3rd. They now have a $39.00 price target on the stock. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $38.54.
On Assignment, Inc is a global provider of skilled, professionals in the life sciences, healthcare and technology sectors.
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