David Pace Purchases 10,000 Shares of Jamba Inc. (JMBA) Stock
Jamba Inc. (NASDAQ:JMBA) CEO David Pace purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 9th. The shares were bought at an average price of $9.96 per share, for a total transaction of $99,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
David Pace also recently made the following trade(s):
- On Friday, August 19th, David Pace purchased 7,500 shares of Jamba stock. The shares were bought at an average price of $11.47 per share, for a total transaction of $86,025.00.
Jamba Inc. (NASDAQ:JMBA) opened at 10.18 on Monday. The company’s market capitalization is $156.05 million. The company has a 50 day moving average of $10.54 and a 200 day moving average of $10.92. Jamba Inc. has a 52-week low of $9.25 and a 52-week high of $14.22.
Jamba (NASDAQ:JMBA) last announced its earnings results on Friday, November 4th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.03. The firm earned $22.10 million during the quarter, compared to analysts’ expectations of $21.94 million. Jamba had a negative return on equity of 16.50% and a negative net margin of 18.96%. The company’s revenue for the quarter was down 37.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. On average, equities research analysts forecast that Jamba Inc. will post $0.03 earnings per share for the current fiscal year.
Several brokerages have recently weighed in on JMBA. Zacks Investment Research cut Jamba from a “hold” rating to a “strong sell” rating in a research report on Wednesday, November 9th. TheStreet cut shares of Jamba from a “hold” rating to a “sell” rating in a research report on Friday, August 5th. Finally, Royal Bank Of Canada restated an “outperform” rating and issued a $16.00 price objective (up from $15.00) on shares of Jamba in a research report on Friday, August 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Barclays PLC purchased a new position in shares of Jamba during the first quarter valued at about $327,000. First Foundation Advisors purchased a new position in shares of Jamba during the second quarter valued at about $478,000. BlackRock Investment Management LLC boosted its position in shares of Jamba by 5.8% in the second quarter. BlackRock Investment Management LLC now owns 49,509 shares of the company’s stock valued at $509,000 after buying an additional 2,699 shares during the last quarter. Numeric Investors LLC boosted its position in shares of Jamba by 184.5% in the second quarter. Numeric Investors LLC now owns 102,722 shares of the company’s stock valued at $1,057,000 after buying an additional 66,622 shares during the last quarter. Finally, Emerald Acquisition Ltd. purchased a new position in shares of Jamba during the second quarter valued at about $1,429,000. 95.09% of the stock is currently owned by institutional investors and hedge funds.
Jamba Company Profile
Jamba, Inc is a restaurant retailer of specialty food and beverage offerings. The Company operates through retail segment. The Company’s offerings include whole fruit smoothies, squeezed juices and juice blends, Energy Bowls, and a range of food items including, hot oatmeal, breakfast wraps, sandwiches, Artisan Flatbreads, baked goods and snacks.
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