Insider Selling: Robert P. Goodman Sells 33,333 Shares of Millennial Media Stock (MM)
Millennial Media (NYSE:MM) Director Robert P. Goodman unloaded 33,333 shares of the stock on the open market in a transaction dated Thursday, June 12th. The shares were sold at an average price of $4.28, for a total value of $142,665.24. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on MM shares. Analysts at Piper Jaffray upgraded shares of Millennial Media from an “underweight” rating to a “neutral” rating in a research note on Wednesday, May 14th. Separately, analysts at Zacks downgraded shares of Millennial Media from a “neutral” rating to an “underperform” rating in a research note on Monday, May 12th. They now have a $3.20 price target on the stock. Finally, analysts at Telsey Advisory Group cut their price target on shares of Millennial Media from $8.00 to $5.00 in a research note on Thursday, May 8th. They now have a “not rated” rating on the stock. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.42.
Shares of Millennial Media (NYSE:MM) traded down 3.16% on Thursday, hitting $4.29. 1,006,445 shares of the company’s stock traded hands. Millennial Media has a 52-week low of $2.90 and a 52-week high of $10.48. The stock’s 50-day moving average is $4.5 and its 200-day moving average is $6.28. The company’s market cap is $459.0 million.
Millennial Media (NYSE:MM) last issued its quarterly earnings data on Wednesday, May 7th. The company reported ($0.04) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.10) by $0.06. The company had revenue of $72.60 million for the quarter, compared to the consensus estimate of $75.52 million. During the same quarter last year, the company posted ($0.01) earnings per share. Millennial Media’s revenue was up 47.0% compared to the same quarter last year. Analysts expect that Millennial Media will post $-0.37 EPS for the current fiscal year.
Millennial Media, Inc is an independent mobile advertising platform company. The Company’s technology, tools and services help developers maximize their advertising revenue, acquire users for their applications and gain insight about their users.
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