Insider Selling: Rachel C. Glaser Unloads 5,000 Shares of Move Stock (MOVE)
Move (NASDAQ:MOVE) CFO Rachel C. Glaser sold 5,000 shares of the stock in a transaction dated Monday, June 30th. The shares were sold at an average price of $14.59, for a total value of $72,950.00. Following the transaction, the chief financial officer now directly owns 112,377 shares in the company, valued at approximately $1,639,580. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Move (NASDAQ:MOVE) traded up 1.44% during mid-day trading on Monday, hitting $14.79. 384,781 shares of the company’s stock traded hands. Move has a 1-year low of $9.47 and a 1-year high of $18.36. The stock has a 50-day moving average of $12.93 and a 200-day moving average of $13.01. The company’s market cap is $585.3 million.
Move (NASDAQ:MOVE) last released its earnings data on Tuesday, May 6th. The company reported $0.02 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.09 earnings per share. Move’s revenue was up 7.0% compared to the same quarter last year. On average, analysts predict that Move will post $0.31 earnings per share for the current fiscal year.
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 analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $17.00.
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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