Insider Buying: Central European Media Enterprises CEO Buys 25,000 Shares of Stock (CETV)
Central European Media Enterprises (NASDAQ:CETV) CEO Christoph Mainusch purchased 25,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, May 14th. The stock was purchased at an average price of $2.79 per share, for a total transaction of $69,750.00. Following the completion of the acquisition, the chief executive officer now directly owns 25,000 shares in the company, valued at approximately $69,750. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Central European Media Enterprises from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $2.80 price target on the stock.
Shares of Central European Media Enterprises (NASDAQ:CETV) opened at 2.67 on Friday. Central European Media Enterprises has a one year low of $2.03 and a one year high of $6.65. The stock’s 50-day moving average is $2.81 and its 200-day moving average is $3.04. The company’s market cap is $360.8 million.
Central European Media Enterprises (NASDAQ:CETV) last released its earnings data on Wednesday, May 7th. The company reported ($0.33) earnings per share for the quarter. The company had revenue of $153.10 million for the quarter, compared to the consensus estimate of $132.70 million.
Central European Media Enterprises Ltd. (NASDAQ:CETV) is a media and entertainment company operating broadcast, content and new media businesses in Central and Eastern Europe.
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