Speed Commerce Director Scott Guilfoyle Purchases 3,100 Shares (SPDC)
Speed Commerce (NASDAQ:SPDC) Director Scott Guilfoyle bought 3,100 shares of Speed Commerce stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 3,100 shares of the company’s stock, valued at approximately $10,013. The purchase was disclosed in a filing with the SEC, which is available at this link.
Shares of Speed Commerce (NASDAQ:SPDC) remained flat at $3.25 during during mid-day trading trading on Friday. 13,608 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 $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 released its earnings data 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.
A number of research firms have recently commented on SPDC. 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.
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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