Speed Commerce Director Buys $13,389 in Stock (SPDC)
Speed Commerce (NASDAQ:SPDC) Director Timothy R. Gentz acquired 4,554 shares of Speed Commerce stock in a transaction dated Monday, August 18th. The shares were purchased at an average price of $2.94 per share, with a total value of $13,388.76. Following the completion of the purchase, the director now directly owns 61,231 shares in the company, valued at approximately $180,019. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on SPDC. Analysts at Stifel Nicolaus initiated coverage on shares of Speed Commerce in a research note on Wednesday, August 13th. They set a “hold” rating on the stock. Analysts at Zacks downgraded shares of Speed Commerce from a “neutral” rating to an “underperform” rating in a research note on Friday, August 8th. They now have a $2.50 price target on the stock.
Speed Commerce (NASDAQ:SPDC) traded down 0.34% on Tuesday, hitting $2.95. 102,845 shares of the company’s stock traded hands. Speed Commerce has a one year low of $2.45 and a one year high of $4.84. The stock has a 50-day moving average of $3.05 and a 200-day moving average of $3.50. The company’s market cap is $193.0 million.
Speed Commerce (NASDAQ:SPDC) last posted its quarterly earnings results on Monday, June 16th. The company reported ($0.04) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.01 by $0.05. On average, analysts predict that Speed Commerce will post $0.08 earnings per share for the current fiscal year.
Speed Commerce, Inc, formerly Navarre Corporation, is a distributor and provider of complete logistics solutions to traditional and Internet-based retailers.
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