Insider Selling: Move CEO Sells 10,000 Shares of Stock (MOVE)
Move (NASDAQ:MOVE) CEO Steve Berkowitz sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 30th. The stock was sold at an average price of $14.22, for a total value of $142,200.00. Following the completion of the transaction, the chief executive officer now directly owns 368,058 shares of the company’s stock, valued at approximately $5,233,785. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on MOVE shares. Analysts at Telsey Advisory Group reiterated a “” rating on shares of Move in a research note on Wednesday. They now have a $18.00 price target on the stock. 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.
Shares of Move (NASDAQ:MOVE) traded up 1.11% during mid-day trading on Thursday, hitting $14.60. The stock had a trading volume of 989,143 shares. Move has a one year low of $9.47 and a one year high of $18.36. The stock’s 50-day moving average is $14.3 and its 200-day moving average is $12.87. The company’s market cap is $575.9 million.
Move (NASDAQ:MOVE) last issued its quarterly 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. On average, analysts predict that Move will post $0.31 earnings per share for the current fiscal year.
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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