Insider Selling: Move CEO Unloads 20,000 Shares of Stock (MOVE)
Move (NASDAQ:MOVE) CEO Steve Berkowitz unloaded 20,000 shares of Move stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $15.79, for a total value of $315,800.00. Following the sale, the chief executive officer now directly owns 363,058 shares of the company’s stock, valued at approximately $5,732,686. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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 (NASDAQ:MOVE) traded up 0.25% on Friday, hitting $15.90. The stock had a trading volume of 170,433 shares. Move has a 52-week low of $9.47 and a 52-week high of $18.36. The stock’s 50-day moving average is $14.8 and its 200-day moving average is $13.04. The company’s market cap is $638.8 million.
Move (NASDAQ:MOVE) last issued its quarterly earnings data 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 revenue for the quarter was up 6.6% on a year-over-year basis. Analysts expect that Move will post $0.25 EPS for the current fiscal year.
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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