Insider Selling: Patricia A. Wehr Sells 6,250 Shares of Move Stock (MOVE)
Move (NASDAQ:MOVE) CAO Patricia A. Wehr sold 6,250 shares of Move stock on the open market in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $13.18, for a total transaction of $82,375.00. Following the completion of the transaction, the chief accounting officer now directly owns 30,253 shares in the company, valued at approximately $398,735. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
MOVE has been the subject of a number of recent research reports. Analysts at Oppenheimer cut their price target on shares of Move from $20.00 to $18.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock. Analysts at Telsey Advisory Group initiated coverage on shares of Move in a research note on Friday, March 14th. They set a “not rated” rating and a $14.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $17.00.
Move (NASDAQ:MOVE) traded up 1.59% on Thursday, hitting $13.44. 865,549 shares of the company’s stock traded hands. Move has a 52-week low of $9.47 and a 52-week high of $18.36. The stock has a 50-day moving average of $10.96 and a 200-day moving average of $13.30. The company’s market cap is $531.9 million.
Move (NASDAQ:MOVE) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.01) by $0.03. The company had revenue of $58.00 million for the quarter, compared to the consensus estimate of $58.06 million. During the same quarter last year, the company posted $0.09 earnings per share. Move’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that Move will post $0.31 earnings per share for the current fiscal year.
Move, Inc (NASDAQ:MOVE) operates an online network of Websites for real estate search, finance, moving and home enthusiasts and provides a resource for consumers seeking the online information and connections they need regarding real estate.
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