United Online (NASDAQ:UNTD) Insider Robert Apatoff sold 199,730 shares of the company’s stock on the open market in a transaction that occured on Friday, August 9th. The shares were sold at an average price of $8.34, for a total transaction of $1,665,748.20. Following the sale, the insider now directly owns 321,174 shares of the company’s stock. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of United Online from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, August 5th. They now have a $8.70 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of United Online from $8.72 to $9.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at TheStreet downgraded shares of United Online from a “buy” rating to a “hold” rating in a research note to investors on Friday, June 7th.
United Online (NASDAQ:UNTD) opened at 8.13 on Tuesday. United Online has a 52-week low of $4.84 and a 52-week high of $8.90. The stock’s 50-day moving average is currently $7.93. The company has a market cap of $752.3 million and a price-to-earnings ratio of 112.60.
United Online (NASDAQ:UNTD) last released its earnings data on Wednesday, July 31st. The company reported $0.17 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $0.04. The company had revenue of $221.70 million for the quarter, compared to the consensus estimate of $228.10 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, analysts predict that United Online will post $0.56 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 30th. Investors of record on Wednesday, August 14th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Monday, August 12th.
United Online, Inc (NASDAQ:UNTD) through its operating subsidiaries, is a provider of consumer products and services over the Internet under a number of brands, including FTD, Interflora, Flying Flowers, Flowers Direct, Drake Algar, Classmates, schoolFeed, StayFriends, Trombi, MyPoints, NetZero, and Juno.
This article (United Online Insider Sells $1,665,748.20 in Stock (UNTD)) was originally developed by and is property of American Banking News.
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