Speed Commerce CEO Richard Willis Purchases 3,300 Shares (SPDC)
Speed Commerce (NASDAQ:SPDC) CEO Richard Willis acquired 3,300 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were purchased at an average cost of $3.03 per share, with a total value of $9,999.00. Following the transaction, the chief executive officer now directly owns 553,767 shares in the company, valued at approximately $1,677,914. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
Speed Commerce (NASDAQ:SPDC) traded up 3.50% during mid-day trading on Thursday, hitting $3.25. The stock had a trading volume of 319,739 shares. Speed Commerce has a one year low of $2.45 and a one year high of $4.84. The stock’s 50-day moving average is $3.01 and its 200-day moving average is $3.4. The company’s market cap is $212.7 million.
Speed Commerce (NASDAQ:SPDC) last announced its 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. Analysts expect that Speed Commerce will post $0.08 EPS for the current fiscal year.
A number of analysts have recently weighed in on SPDC shares. 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, Inc, formerly Navarre Corporation, is a distributor and provider of complete logistics solutions to traditional and Internet-based retailers.
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