Emmis Communications Director Gary L. Kaseff Sells 32,200 Shares (EMMS)
Emmis Communications (NASDAQ:EMMS) Director Gary L. Kaseff sold 32,200 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $3.23, for a total value of $104,006.00. Following the completion of the sale, the director now directly owns 303,847 shares in the company, valued at approximately $981,426. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Emmis Communications (NASDAQ:EMMS) traded up 0.96% on Friday, hitting $3.14. The stock had a trading volume of 250,795 shares. Emmis Communications has a 52 week low of $1.43 and a 52 week high of $3.67. The stock’s 50-day moving average is $3.25 and its 200-day moving average is $2.8. The company has a price-to-earnings ratio of 3.31.
Emmis Communications (NASDAQ:EMMS) last released its earnings data on Thursday, April 3rd. The company reported $33,161.00 earnings per share (EPS) for the quarter. The company had revenue of $46.97 million for the quarter, compared to the consensus estimate of $43.30 million.
A number of analysts have recently weighed in on EMMS shares. Analysts at TheStreet upgraded shares of Emmis Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd.
Emmis Communications Corporation is a diversified media company, principally focused on radio broadcasting.
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