Cenveo CEO Robert G. Sr Burton, Sr. Acquires 38,000 Shares (CVO)
Cenveo (NYSE:CVO) CEO Robert G. Sr Burton, Sr. acquired 38,000 shares of Cenveo stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $3.25 per share, with a total value of $123,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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 (NYSE:CVO) opened at 3.31 on Monday. Cenveo has a 1-year low of $2.26 and a 1-year high of $3.92. The stock’s 50-day moving average is $3.5 and its 200-day moving average is $3.27. The company’s market cap is $223.9 million.
Cenveo (NYSE:CVO) last released its earnings data on Wednesday, August 6th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters 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 $0.19 EPS for the current fiscal year.
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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