Speed Commerce Director Buys $10,013 in Stock (SPDC)
Speed Commerce (NASDAQ:SPDC) Director Scott Guilfoyle purchased 3,100 shares of Speed Commerce stock on the open market in a transaction that occurred on Wednesday, August 27th. The stock was purchased at an average cost of $3.23 per share, for a total transaction of $10,013.00. Following the purchase, the director now directly owns 3,100 shares in the company, valued at approximately $10,013. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
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 (NASDAQ:SPDC) traded up 1.23% on Monday, hitting $3.29. 135,315 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 has a 50-day moving average of $3.00 and a 200-day moving average of $3.46. The company’s market cap is $215.3 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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