Insider Selling: Martha Stewart Unloads 83,333 Shares of Martha Stewart Living Omnimedia Stock (MSO)

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Martha Stewart Living Omnimedia (NYSE:MSO) major shareholder Martha Stewart unloaded 83,333 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $4.69, for a total transaction of $390,831.77. Following the transaction, the insider now directly owns 14,748 shares of the company’s stock, valued at approximately $69,168. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

A number of analysts have recently weighed in on MSO shares. Analysts at Noble Financial upgraded shares of Martha Stewart Living Omnimedia from a “hold” rating to a “buy” rating in a research note on Wednesday, May 7th. They noted that the move was a valuation call. Analysts at Zacks downgraded shares of Martha Stewart Living Omnimedia from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $4.60 price target on the stock. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $4.80.

Martha Stewart Living Omnimedia (NYSE:MSO) traded up 2.73% on Thursday, hitting $4.89. The stock had a trading volume of 29,202 shares. Martha Stewart Living Omnimedia has a 52 week low of $2.20 and a 52 week high of $5.50. The stock’s 50-day moving average is $4.50 and its 200-day moving average is $4.40. The company’s market cap is $278.4 million.

Martha Stewart Living Omnimedia (NYSE:MSO) last announced its earnings results on Tuesday, May 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.01. The company had revenue of $33.20 million for the quarter, compared to the consensus estimate of $37.50 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was down 10.8% on a year-over-year basis. Analysts expect that Martha Stewart Living Omnimedia will post $0.02 EPS for the current fiscal year.

Martha Stewart Living Omnimedia, Inc (NYSE:MSO) is an integrated media and merchandising company providing consumers with lifestyle content and products.

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