Move CEO Sells $70,150 in Stock (MOVE)
Move (NASDAQ:MOVE) CEO Steve Berkowitz sold 5,000 shares of the company’s stock on the open market in a transaction dated Thursday, July 10th. The shares were sold at an average price of $14.03, for a total transaction of $70,150.00. Following the completion of the sale, the chief executive officer now directly owns 368,058 shares of the company’s stock, valued at approximately $5,163,854. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Move (NASDAQ:MOVE) traded up 2.53% on Friday, hitting $14.58. The stock had a trading volume of 448,825 shares. Move has a 52-week low of $9.47 and a 52-week high of $18.36. The stock has a 50-day moving average of $13.92 and a 200-day moving average of $12.98. The company’s market cap is $577.0 million.
Move (NASDAQ:MOVE) last issued its quarterly 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 research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average 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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