Move CAO Sells $288,750 in Stock (MOVE)
Move (NASDAQ:MOVE) CAO Patricia A. Wehr unloaded 18,750 shares of the stock on the open market in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $15.40, for a total transaction of $288,750.00. Following the sale, the chief accounting officer now directly owns 30,253 shares in the company, valued at approximately $465,896. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Move (NASDAQ:MOVE) traded up 0.32% during mid-day trading on Tuesday, hitting $15.51. 348,476 shares of the company’s stock traded hands. Move has a 1-year low of $9.47 and a 1-year high of $18.36. The stock’s 50-day moving average is $14.54 and its 200-day moving average is $12.89. The company’s market cap is $623.1 million.
Move (NASDAQ:MOVE) last posted its quarterly earnings results 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. Move’s revenue was up 6.6% compared to the same quarter last year. Analysts expect that Move will post $0.25 EPS for the current fiscal year.
Separately, analysts at Telsey Advisory Group reiterated a “” rating on shares of Move in a research note on Wednesday, July 30th. They now have a $18.00 price target on the stock.
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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