Bright Horizons Family Solutions Insider Sells $213,750 in Stock (BFAM)
Bright Horizons Family Solutions (NASDAQ:BFAM) Insider Stephen I. Dreier sold 5,000 shares of Bright Horizons Family Solutions stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $42.75, for a total value of $213,750.00. Following the completion of the transaction, the insider now directly owns 56,788 shares of the company’s stock, valued at approximately $2,427,687. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Bright Horizons Family Solutions (NASDAQ:BFAM) traded up 0.42% during mid-day trading on Wednesday, hitting $42.90. 202,179 shares of the company’s stock traded hands. Bright Horizons Family Solutions has a one year low of $30.35 and a one year high of $43.28. The stock has a 50-day moving average of $40.04 and a 200-day moving average of $38.46. The company has a market cap of $2.816 billion and a price-to-earnings ratio of 36.11.
Bright Horizons Family Solutions (NASDAQ:BFAM) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.32 by $0.02. The company had revenue of $332.10 million for the quarter, compared to the consensus estimate of $325.70 million. During the same quarter in the prior year, the company posted $0.25 earnings per share. The company’s quarterly revenue was up 18.6% on a year-over-year basis. Analysts expect that Bright Horizons Family Solutions will post $1.45 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at TheStreet upgraded shares of Bright Horizons Family Solutions from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Separately, analysts at Jefferies Group raised their price target on shares of Bright Horizons Family Solutions from $45.00 to $47.00 in a research note on Monday, May 5th. Finally, analysts at Bank of America reiterated a “buy” rating on shares of Bright Horizons Family Solutions in a research note on Friday, May 2nd. They now have a $48.00 price target on the stock, up previously from $44.00. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $44.85.
Bright Horizons Family Solution Inc, provider of child care and early education services, as well as other services designed to help employers and families better address the challenges of work and life.
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