Insider Buying: Sean P. Moriarty Buys 27,000 Shares of Demand Media Stock (DMD)
Demand Media (NYSE:DMD) CEO Sean P. Moriarty acquired 27,000 shares of the stock on the open market in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of $9.17 per share, with a total value of $247,590.00. Following the completion of the transaction, the chief executive officer now directly owns 27,000 shares of the company’s stock, valued at approximately $247,590. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Demand Media (NYSE:DMD) traded down 0.75% during mid-day trading on Thursday, hitting $9.23. 195,965 shares of the company’s stock traded hands. Demand Media has a one year low of $7.1825 and a one year high of $13.4722. The stock has a 50-day moving average of $9.67 and a 200-day moving average of $9.3. The company’s market cap is $168.8 million.
Demand Media (NYSE:DMD) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.05) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.09. The company had revenue of $89.80 million for the quarter, compared to the consensus estimate of $88.87 million. During the same quarter last year, the company posted $0.10 earnings per share. Demand Media’s revenue was down 11.2% compared to the same quarter last year. On average, analysts predict that Demand Media will post $-0.16 earnings per share for the current fiscal year.
Demand Media, Inc (NYSE:DMD) is a diversified Internet media and domain services company.
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