Insider Selling: Zulily CFO Sells 3,011 Shares of Stock (ZU)
Zulily (NYSE:ZU) CFO Marc D. Stolzman unloaded 3,011 shares of the stock on the open market in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $37.51, for a total transaction of $112,942.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Zulily (NYSE:ZU) traded down 2.44% during mid-day trading on Thursday, hitting $35.98. 528,993 shares of the company’s stock traded hands. Zulily has a 1-year low of $28.75 and a 1-year high of $73.50. The stock has a 50-day moving average of $36.88 and a 200-day moving average of $43.41. The company has a market cap of $4.467 billion and a price-to-earnings ratio of 2458.67.
Zulily (NYSE:ZU) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.03. The company had revenue of $237.90 million for the quarter, compared to the consensus estimate of $233.58 million. During the same quarter last year, the company posted ($0.03) earnings per share. Zulily’s revenue was up 87.3% compared to the same quarter last year. On average, analysts predict that Zulily will post $0.20 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ZU shares. Analysts at RBC Capital upgraded shares of Zulily from a “sector perform” rating to an “outperform” rating in a research note on Thursday, June 26th. They now have a $50.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Goldman Sachs upgraded shares of Zulily from a “neutral” rating to a “buy” rating in a research note on Wednesday, June 25th. Finally, analysts at CRT Capital initiated coverage on shares of Zulily in a research note on Friday, June 13th. They set a “fair value” rating and a $41.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Zulily presently has an average rating of “Buy” and an average target price of $44.00.
Zulily, Inc is an e-commerce company. The Company, through its desktop and mobile Websites and mobile applications, which it refers to as its sites, helps its customers discover new and unique products.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.