Speed Commerce CEO Buys $7,475 in Stock (SPDC)
Speed Commerce (NASDAQ:SPDC) CEO Richard Willis acquired 2,300 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The shares were purchased at an average cost of $3.25 per share, for a total transaction of $7,475.00. Following the completion of the transaction, the chief executive officer now directly owns 556,067 shares in the company, valued at approximately $1,807,218. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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) opened at 3.25 on Friday. Speed Commerce has a one year low of $2.45 and a one year high of $4.84. The stock has a 50-day moving average of $3.00 and a 200-day moving average of $3.47. 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) 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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