Move Stock Rating Reaffirmed by Telsey Advisory Group (MOVE)
Move (NASDAQ:MOVE)‘s stock had its “” rating reiterated by stock analysts at Telsey Advisory Group in a report issued on Wednesday. They currently have a $18.00 price objective on the stock. Telsey Advisory Group’s target price suggests a potential upside of 24.74% from the stock’s previous close.
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.
Move (NASDAQ:MOVE) traded down 0.62% on Wednesday, hitting $14.44. 1,034,140 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 $14.35 and its 200-day moving average is $12.86. The company’s market cap is $571.5 million.
Move (NASDAQ:MOVE) last released its earnings data on Tuesday, July 29th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.01. The company had revenue of $61.30 million for the quarter, compared to the consensus estimate of $61.92 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Analysts expect that Move will post $0.31 EPS for the current fiscal year.
In other Move news, CEO Steve Berkowitz sold 20,000 shares of the stock in a transaction dated Thursday, July 24th. The shares were sold at an average price of $15.00, for a total transaction of $300,000.00. The sale was disclosed in a filing with the SEC, which is available at this link.
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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