ValueVision Media SVP Unloads $301,330 in Stock (VVTV)
ValueVision Media (NASDAQ:VVTV) SVP Nancy E. Kunkle unloaded 66,666 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $4.52, for a total value of $301,330.32. Following the completion of the sale, the senior vice president now directly owns 10,000 shares in the company, valued at approximately $45,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of ValueVision Media (NASDAQ:VVTV) traded up 0.60% during mid-day trading on Wednesday, hitting $5.00. 399,148 shares of the company’s stock traded hands. ValueVision Media has a one year low of $4.11 and a one year high of $7.06. The stock’s 50-day moving average is $4.69 and its 200-day moving average is $4.91. The company’s market cap is $275.9 million.
ValueVision Media (NASDAQ:VVTV) last announced its earnings results on Wednesday, August 20th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.02 by $0.01. The company had revenue of $156.60 million for the quarter. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts predict that ValueVision Media will post $0.04 earnings per share for the current fiscal year.
Separately, analysts at Lake Street Capital initiated coverage on shares of ValueVision Media in a research note on Tuesday, July 1st. They set a “buy” rating and a $9.00 price target on the stock.
ValueVision Media, Inc is a multichannel electronic retailer that markets, sells and distributes products to consumers through television, telephones, online, mobile and social media.
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