Insider Selling: James D. White Sells 3,332 Shares of Jamba Stock (JMBA)
Jamba (NASDAQ:JMBA) CEO James D. White sold 3,332 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $14.61, for a total value of $48,680.52. Following the completion of the sale, the chief executive officer now directly owns 88,360 shares in the company, valued at approximately $1,290,940. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Jamba (NASDAQ:JMBA) traded down 1.43% during mid-day trading on Wednesday, hitting $14.49. 164,947 shares of the company’s stock traded hands. Jamba has a one year low of $9.58 and a one year high of $14.95. The stock’s 50-day moving average is $13.39 and its 200-day moving average is $12.09. The company has a market cap of $249.4 million and a price-to-earnings ratio of 82.12.
Jamba (NASDAQ:JMBA) last released its earnings data on Monday, August 4th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.07. The company had revenue of $64.20 million for the quarter, compared to the consensus estimate of $64.43 million. During the same quarter in the previous year, the company posted $0.36 earnings per share. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. Analysts expect that Jamba will post $0.42 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Jamba from a “neutral” rating to an “outperform” rating in a research note on Wednesday, August 6th. They now have a $14.20 price target on the stock. Analysts at Craig Hallum initiated coverage on shares of Jamba in a research note on Tuesday, June 17th. They set a “buy” rating and a $18.00 price target on the stock. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $14.28.
Jamba, Inc (NASDAQ:JMBA) owns and franchises Jamba Juice stores through its wholly owned subsidiary, Jamba Juice Company.
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