Insider Buying: Cenveo SVP Ian R. Scheinmann Buys 2,990 Shares (CVO)
Cenveo (NYSE:CVO) SVP Ian R. Scheinmann acquired 2,990 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $3.34 per share, with a total value of $9,986.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Cenveo (NYSE:CVO) traded down 1.80% on Monday, hitting $3.28. 176,567 shares of the company’s stock traded hands. Cenveo has a 1-year low of $2.11 and a 1-year high of $3.92. The stock has a 50-day moving average of $3.54 and a 200-day moving average of $3.29. The company’s market cap is $221.9 million.
Cenveo (NYSE:CVO) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.03) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.03 by $0.06. The company had revenue of $479.40 million for the quarter, compared to the consensus estimate of $480.35 million. Analysts expect that Cenveo will post $0.22 EPS for the current fiscal year.
Separately, analysts at CRT Capital raised their price target on shares of Cenveo from $3.75 to $5.50 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock.
Cenveo, Inc is a diversified printing company in North America. Its portfolio of products includes commercial printing, envelope converting, label manufacturing and specialty packaging production.
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