Insider Selling: Mark H. Robinson Sells 25,560 Shares of Saia Stock (SAIA)
Saia (NASDAQ:SAIA) VP Mark H. Robinson sold 25,560 shares of Saia stock on the open market in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $49.41, for a total value of $1,262,919.60. Following the completion of the sale, the vice president now directly owns 13,636 shares of the company’s stock, valued at approximately $673,755. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Saia (NASDAQ:SAIA) traded down 0.77% during mid-day trading on Thursday, hitting $47.78. The stock had a trading volume of 138,142 shares. Saia has a 52-week low of $29.28 and a 52-week high of $49.85. The stock has a 50-day moving average of $45.86 and a 200-day moving average of $40.89. The company has a market cap of $1.170 billion and a price-to-earnings ratio of 28.32.
Saia (NASDAQ:SAIA) last released its earnings data on Wednesday, July 30th. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.70 by $0.17. The company had revenue of $330.00 million for the quarter, compared to the consensus estimate of $321.33 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was up 12.9% on a year-over-year basis. On average, analysts predict that Saia will post $1.99 EPS for the current fiscal year.
A number of analysts have recently weighed in on SAIA shares. Analysts at Zacks upgraded shares of Saia from a “neutral” rating to an “outperform” rating in a research note on Friday, August 1st. They now have a $49.20 price target on the stock. Analysts at Wunderlich reiterated a “buy” rating on shares of Saia in a research note on Thursday, July 31st. They now have a $54.00 price target on the stock, up previously from $48.00. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Saia has a consensus rating of “Buy” and an average price target of $46.24.
Saia, Inc (NASDAQ:SAIA), through its wholly owned subsidiaries, is a transportation company.
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