Speed Commerce Director Monroe David Bryant, Jr. Unloads 57,010 Shares (SPDC)
Speed Commerce (NASDAQ:SPDC) Director Monroe David Bryant, Jr. sold 57,010 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $3.01, for a total value of $171,600.10. Following the completion of the sale, the director now directly owns 3,894,684 shares of the company’s stock, valued at approximately $11,722,999. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
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.
Shares of Speed Commerce (NASDAQ:SPDC) traded up 4.00% on Friday, hitting $3.38. 303,240 shares of the company’s stock traded hands. 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 $2.99 and its 200-day moving average is $3.48. The company’s market cap is $221.2 million.
Speed Commerce (NASDAQ:SPDC) last issued its quarterly earnings data on Monday, June 16th. The company reported ($0.04) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.05. Analysts expect that Speed Commerce will post $0.08 EPS for the current fiscal year.
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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