Insider Selling: ValueVision Media major shareholder Unloads 941,259 Shares of Stock (VVTV)
ValueVision Media (NASDAQ:VVTV) major shareholder Ge Capital Equity Investments sold 941,259 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $4.78, for a total transaction of $4,499,218.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of ValueVision Media (NASDAQ:VVTV) traded up 0.40% during mid-day trading on Thursday, hitting $5.02. 134,169 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 $250.2 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. On average, analysts predict that ValueVision Media will post $0.07 earnings per share for the current fiscal year.
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.
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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