FXCM COO Sells $100,204 in Stock (FXCM)
FXCM (NASDAQ:FXCM) COO David Sakhai sold 7,277 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $13.77, for a total value of $100,204.29. The transaction was disclosed in a filing with the SEC, which is available at this link.
FXCM (NASDAQ:FXCM) traded down 0.74% on Wednesday, hitting $13.41. The stock had a trading volume of 165,120 shares. FXCM has a 52 week low of $12.05 and a 52 week high of $19.97. The stock’s 50-day moving average is $13.56 and its 200-day moving average is $14.73. The company’s market cap is $615.6 million.
FXCM (NASDAQ:FXCM) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.02) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.04. The company had revenue of $97.90 million for the quarter, compared to the consensus estimate of $96.30 million. During the same quarter last year, the company posted $0.31 earnings per share. FXCM’s revenue was down 30.1% compared to the same quarter last year. On average, analysts predict that FXCM will post $0.11 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 1st. Stockholders of record on Friday, September 5th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.79%. The ex-dividend date is Wednesday, September 3rd.
Several analysts have recently commented on the stock. Analysts at Sandler O’Neill cut their price target on shares of FXCM from $14.00 to $13.50 in a research note on Friday, August 8th. Separately, analysts at Credit Suisse cut their price target on shares of FXCM from $15.50 to $12.00 in a research note on Friday, August 8th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of FXCM in a research note on Friday, August 8th. They now have a $16.00 price target on the stock, down previously from $17.00. Six equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $14.67.
FXCM Inc (NASDAQ:FXCM) is an online provider of foreign exchange (FX) trading and related services to approximately 170,930 active retail customers globally.
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