Insider Selling: John H. Kunze Sells 18,750 Shares of Xoom Corp Stock (XOOM)
Xoom Corp (NASDAQ:XOOM) CEO John H. Kunze sold 18,750 shares of Xoom Corp stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $22.37, for a total transaction of $419,437.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Xoom Corp (NASDAQ:XOOM) opened at 23.35 on Friday. Xoom Corp has a 52-week low of $16.90 and a 52-week high of $36.07. The stock’s 50-day moving average is $22.91 and its 200-day moving average is $23.29. The company has a market cap of $891.7 million and a P/E ratio of 220.69.
Xoom Corp (NASDAQ:XOOM) last announced its earnings results on Tuesday, July 22nd. The company reported $0.09 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.05 by $0.04. The company had revenue of $39.80 million for the quarter, compared to the consensus estimate of $39.54 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was up 19.0% on a year-over-year basis. On average, analysts predict that Xoom Corp will post $0.24 earnings per share for the current fiscal year.
XOOM has been the subject of a number of recent research reports. Analysts at Susquehanna cut their price target on shares of Xoom Corp from $38.00 to $31.00 in a research note on Wednesday, July 23rd. They now have a “positive” rating on the stock. Separately, analysts at SunTrust reiterated a “buy” rating on shares of Xoom Corp in a research note on Wednesday, July 23rd. They now have a $32.00 price target on the stock, down previously from $40.00. Finally, analysts at First Analysis initiated coverage on shares of Xoom Corp in a research note on Thursday, July 10th. They set an “overweight” rating and a $30.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Xoom Corp currently has a consensus rating of “Buy” and a consensus price target of $31.13.
Xoom Corporation (NASDAQ:XOOM) is engaged in online international money transfer service.
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