Insider Buying: Scott Guilfoyle Buys 3,100 Shares of Speed Commerce Stock (SPDC)
Speed Commerce (NASDAQ:SPDC) Director Scott Guilfoyle acquired 3,100 shares of the stock in a transaction dated Wednesday, August 27th. The shares were purchased at an average cost of $3.23 per share, for a total transaction of $10,013.00. Following the acquisition, the director now directly owns 3,100 shares in the company, valued at approximately $10,013. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
SPDC has been the subject of a number of recent research reports. 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 down 0.31% on Thursday, hitting $3.25. 181,187 shares of the company’s stock traded hands. Speed Commerce has a 1-year low of $2.45 and a 1-year high of $4.84. The stock’s 50-day moving average is $3.00 and its 200-day moving average is $3.47. The company’s market cap is $212.7 million.
Speed Commerce (NASDAQ:SPDC) last posted its quarterly earnings results on Monday, June 16th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by $0.05. On average, analysts predict that Speed Commerce will post $0.08 earnings per share 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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