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Martha Stewart Living Omnimedia (NYSE:MSO) was upgraded by equities researchers at Noble Financial from a “hold” rating to a “buy” rating in a research report issued on Wednesday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call.

In other Martha Stewart Living Omnimedia news, major shareholder Martha Stewart sold 83,333 shares of Martha Stewart Living Omnimedia stock on the open market in a transaction dated Thursday, May 1st. The shares were sold at an average price of $3.90, for a total transaction of $324,998.70. Following the transaction, the insider now directly owns 14,748 shares of the company’s stock, valued at approximately $57,517. The sale was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

MSO has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Martha Stewart Living Omnimedia from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $4.60 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Martha Stewart Living Omnimedia from $3.50 to $5.00 in a research note on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $4.80.

Martha Stewart Living Omnimedia (NYSE:MSO) traded up 6.35% during mid-day trading on Wednesday, hitting $4.02. The stock had a trading volume of 202,475 shares. Martha Stewart Living Omnimedia has a 52-week low of $2.20 and a 52-week high of $5.50. The stock’s 50-day moving average is $4.26 and its 200-day moving average is $3.99. The company’s market cap is $227.6 million.

Martha Stewart Living Omnimedia (NYSE:MSO) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.05) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.06) by $0.01. The company had revenue of $33.20 million for the quarter, compared to the consensus estimate of $37.50 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s quarterly revenue was down 10.8% on a year-over-year basis. On average, analysts predict that Martha Stewart Living Omnimedia will post $-0.01 earnings per share for the current fiscal year.

Martha Stewart Living Omnimedia, Inc (NYSE:MSO) is an integrated media and merchandising company providing consumers with lifestyle content and products.

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