Insider Selling: Xoom Corp CFO Sells 8,000 Shares of Stock (XOOM)
Xoom Corp (NASDAQ:XOOM) CFO Ryno Blignaut unloaded 8,000 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $21.58, for a total transaction of $172,640.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on XOOM shares. Analysts at Susquehanna cut their price target on shares of Xoom Corp from $38.00 to $31.00 in a research note on Wednesday, July 23rd. They now have a “positive” rating on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Xoom Corp in a research note on Wednesday, July 23rd. They now have a $32.00 price target on the stock, down previously from $40.00. Finally, analysts at First Analysis initiated coverage on shares of Xoom Corp in a research note on Thursday, July 10th. They set an “overweight” rating and a $30.00 price target on the stock. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Xoom Corp currently has a consensus rating of “Buy” and an average target price of $31.13.
Xoom Corp (NASDAQ:XOOM) traded up 0.73% during mid-day trading on Tuesday, hitting $22.20. The stock had a trading volume of 566,340 shares. Xoom Corp has a one year low of $16.90 and a one year high of $36.07. The stock’s 50-day moving average is $23.81 and its 200-day moving average is $23.47. The company has a market cap of $847.8 million and a P/E ratio of 216.08.
Xoom Corp (NASDAQ:XOOM) last released its earnings data on Tuesday, July 22nd. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.04. The company had revenue of $39.80 million for the quarter, compared to the consensus estimate of $39.54 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. Analysts expect that Xoom Corp will post $0.24 EPS for the current fiscal year.
Xoom Corporation (NASDAQ:XOOM) is engaged in online international money transfer service.
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