Xoom Corp Short Interest Up 39.0% in April (XOOM)
Xoom Corp (NASDAQ:XOOM) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 1,998,921 shares, a growth of 39.0% from the April 15th total of 1,438,419 shares, American Banking News.com reports. Based on an average trading volume of 857,217 shares, the days-to-cover ratio is presently 2.3 days. Approximately 8.5% of the shares of the stock are sold short.
In other Xoom Corp news, CFO Ryno Blignaut unloaded 5,726 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $21.75, for a total transaction of $124,540.50. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Xoom Corp from a “neutral” rating to an “outperform” rating in a research note on Thursday, May 1st. They now have a $24.20 price target on the stock. Separately, analysts at SunTrust raised their price target on shares of Xoom Corp from $33.00 to $40.00 in a research note on Wednesday, April 23rd. They now have a “buy” rating on the stock. Finally, analysts at Evercore Partners upgraded shares of Xoom Corp from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, April 16th. They now have a $15.00 price target on the stock. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $31.74.
Xoom Corp (NASDAQ:XOOM) opened at 20.55 on Monday. Xoom Corp has a 52-week low of $16.90 and a 52-week high of $36.46. The stock has a 50-day moving average of $20.42 and a 200-day moving average of $25.10. The company has a market cap of $780.6 million and a P/E ratio of 136.98.
Xoom Corp (NASDAQ:XOOM) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.10. The company had revenue of $35.90 million for the quarter, compared to the consensus estimate of $34.35 million. During the same quarter in the previous year, the company posted $0.02 earnings per share. The company’s revenue for the quarter was up 47.7% on a year-over-year basis. On average, analysts predict that Xoom Corp will post $0.20 earnings per share for the current fiscal year.
Xoom Corporation (NASDAQ:XOOM) is engaged in online international money transfer service.
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