Insider Selling: James S. Caulfield Sells 5,000 Shares of Move Stock (MOVE)
Move (NASDAQ:MOVE) EVP James S. Caulfield unloaded 5,000 shares of the company’s stock on the open market in a transaction dated Friday, June 27th. The shares were sold at an average price of $14.51, for a total value of $72,550.00. Following the sale, the executive vice president now directly owns 72,075 shares in the company, valued at approximately $1,045,808. The sale was disclosed in a document filed with the SEC, which is available at this link.
Separately, analysts at Oppenheimer cut their price target on shares of Move from $20.00 to $18.00 in a research note on Wednesday, May 7th. They now have an “outperform” rating on the stock. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $17.00.
Shares of Move (NASDAQ:MOVE) traded up 1.44% on Monday, hitting $14.79. 384,781 shares of the company’s stock traded hands. Move has a 52-week low of $9.47 and a 52-week high of $18.36. The stock’s 50-day moving average is $12.93 and its 200-day moving average is $13.01. The company’s market cap is $585.3 million.
Move (NASDAQ:MOVE) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.01) by $0.03. The company had revenue of $58.00 million for the quarter, compared to the consensus estimate of $58.06 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s quarterly revenue was up 7.0% on a year-over-year basis. Analysts expect that Move will post $0.31 EPS for the current fiscal year.
Move, Inc (NASDAQ:MOVE) operates an online network of Websites for real estate search, finance, moving and home enthusiasts and provides a resource for consumers seeking the online information and connections they need regarding real estate.
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