Rightmove (LON:RMV) Insider Acquires £19,952.08 in Stock

Rightmove plc (LON:RMV) insider Johan Svanström bought 4,328 shares of Rightmove stock in a transaction that occurred on Thursday, March 12th. The shares were acquired at an average cost of GBX 461 per share, for a total transaction of £19,952.08.

Rightmove Stock Up 1.5%

LON RMV traded up GBX 6.90 during trading on Friday, hitting GBX 460.50. The company’s stock had a trading volume of 14,289,925 shares, compared to its average volume of 22,577,891. Rightmove plc has a fifty-two week low of GBX 410.70 and a fifty-two week high of GBX 827. The company has a market cap of £3.50 billion, a PE ratio of 17.71, a P/E/G ratio of 2.58 and a beta of 0.99. The company has a debt-to-equity ratio of 13.13, a current ratio of 1.89 and a quick ratio of 2.55. The business’s 50 day simple moving average is GBX 469.72 and its 200-day simple moving average is GBX 576.70.

Rightmove (LON:RMV) last posted its quarterly earnings data on Friday, February 27th. The company reported GBX 29.10 earnings per share (EPS) for the quarter. Rightmove had a net margin of 51.06% and a return on equity of 264.68%. On average, equities analysts anticipate that Rightmove plc will post 30.2327791 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RMV shares. Jefferies Financial Group decreased their price target on shares of Rightmove from GBX 485 to GBX 465 and set an “underperform” rating for the company in a report on Tuesday, November 25th. JPMorgan Chase & Co. raised their target price on Rightmove from GBX 500 to GBX 527 and gave the stock an “underweight” rating in a research note on Wednesday, December 3rd. Four analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of GBX 708.67.

About Rightmove

Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.