Jamba CEO James D. White Sells 1,666 Shares (JMBA)
Jamba (NASDAQ:JMBA) CEO James D. White sold 1,666 shares of Jamba stock on the open market in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $12.50, for a total value of $20,825.00. Following the completion of the sale, the chief executive officer now directly owns 8,512 shares in the company, valued at approximately $106,400. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Jamba (NASDAQ:JMBA) opened at 12.38 on Friday. Jamba has a 52 week low of $9.58 and a 52 week high of $16.02. The stock has a 50-day moving average of $11.77 and a 200-day moving average of $11.83. The company has a market cap of $212.8 million and a price-to-earnings ratio of 72.30.
Jamba (NASDAQ:JMBA) last released its earnings data on Thursday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.01). The company had revenue of $51.63 million for the quarter, compared to the consensus estimate of $53.10 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was down 7.3% on a year-over-year basis. On average, analysts predict that Jamba will post $0.37 earnings per share for the current fiscal year.
Separately, analysts at Craig Hallum initiated coverage on shares of Jamba in a research note on Tuesday, June 17th. They set a “buy” rating and a $18.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Jamba has a consensus rating of “Hold” and a consensus target price of $14.14.
Jamba, Inc (NASDAQ:JMBA) owns and franchises Jamba Juice stores through its wholly owned subsidiary, Jamba Juice Company.
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