Insider Selling: Emmis Communications Director Sells 34,600 Shares of Stock (EMMS)
Emmis Communications (NASDAQ:EMMS) Director Gary L. Kaseff unloaded 34,600 shares of Emmis Communications stock on the open market in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $3.29, for a total value of $113,834.00. Following the completion of the sale, the director now directly owns 269,247 shares in the company, valued at approximately $885,823. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at TheStreet upgraded shares of Emmis Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, January 22nd.
Shares of Emmis Communications (NASDAQ:EMMS) traded up 0.60% on Friday, hitting $3.33. The stock had a trading volume of 129,698 shares. Emmis Communications has a one year low of $1.43 and a one year high of $3.67. The stock’s 50-day moving average is $3.22 and its 200-day moving average is $2.83. The company has a market cap of $138.8 million and a P/E ratio of 3.51.
Emmis Communications (NASDAQ:EMMS) last announced its earnings results 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.
Emmis Communications Corporation is a diversified media company, principally focused on radio broadcasting.
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