Insider Selling: ValueVision Media COO Unloads 16,566 Shares of Stock (VVTV)
ValueVision Media (NASDAQ:VVTV) COO Carol Steinberg unloaded 16,566 shares of ValueVision Media stock on the open market in a transaction dated Monday, June 23rd. The stock was sold at an average price of $5.20, for a total transaction of $86,143.20. Following the sale, the chief operating officer now directly owns 207,070 shares of the company’s stock, valued at approximately $1,076,764. The sale was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Zacks upgraded shares of ValueVision Media from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $5.10 price target on the stock.
Shares of ValueVision Media (NASDAQ:VVTV) traded up 0.20% on Wednesday, hitting $5.00. 209,543 shares of the company’s stock traded hands. ValueVision Media has a 1-year low of $4.11 and a 1-year high of $7.06. The stock has a 50-day moving average of $4.76 and a 200-day moving average of $5.46. The company’s market cap is $249.2 million.
ValueVision Media (NASDAQ:VVTV) last announced its earnings results on Wednesday, May 21st. The company reported $0.03 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.03. The company had revenue of $160.00 million for the quarter, compared to the consensus estimate of $161.38 million. During the same quarter last year, the company posted $0.02 earnings per share. ValueVision Media’s revenue was up 6.0% compared to the same quarter last year. Analysts expect that ValueVision Media will post $0.07 EPS for the current fiscal year.
ValueVision Media, Inc is an interactive multi-media retailer that markets, sells and distributes products to consumers through various digital platforms including television, online, mobile and social media.
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