Insider Selling: Move CAO Sells 18,750 Shares of Stock (MOVE)
Move (NASDAQ:MOVE) CAO Patricia A. Wehr sold 18,750 shares of Move stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $15.40, for a total transaction of $288,750.00. Following the completion of 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 legal filing with the SEC, which can be accessed through this link.
Shares of Move (NASDAQ:MOVE) traded up 1.22% on Thursday, hitting $15.72. 157,930 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. and its 200-day moving average is $12.90. The company’s market cap is $631.5 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. The company’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts predict that Move will post $0.25 earnings per share 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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