Millennial Media Director Sells $286,001 in Stock (MM)
Millennial Media (NYSE:MM) Director Robert P. Goodman sold 66,667 shares of Millennial Media stock on the open market in a transaction dated Monday, June 16th. The shares were sold at an average price of $4.29, for a total transaction of $286,001.43. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Millennial Media (NYSE:MM) traded up 0.68% during mid-day trading on Tuesday, hitting $4.42. 1,242,044 shares of the company’s stock traded hands. Millennial Media has a 1-year low of $2.90 and a 1-year high of $10.48. The stock’s 50-day moving average is $4.39 and its 200-day moving average is $6.23. The company’s market cap is $472.9 million.
Millennial Media (NYSE:MM) last announced its earnings results 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.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $6.42.
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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