Rightmove (LON:RMV) Insider Rosemary Leith Purchases 2,300 Shares of Stock

Key Points

• Insider purchase: Rightmove director Rosemary Leith bought 2,300 shares at GBX 542 each, for a total investment of approximately £12,466.
• Stock and financial performance: RMV opened at GBX 544.80, with a £3.95 billion market capitalization. The company reported quarterly EPS of GBX 15.60, a 49.72% net margin and a 281.32% return on equity.
• Analyst outlook: Coverage is mixed, with four Buy, three Hold and one Sell rating. The consensus rating is Hold, with an average price target of GBX 595.12.

Rightmove plc (LON:RMV - Get Free Report) insider Rosemary Leith bought 2,300 shares of the stock in a transaction that occurred on Wednesday, October 21st. The stock was acquired at an average price of GBX 542 per share, for a total transaction of £12,466.

Rightmove Stock Performance

RMV stock opened at GBX 544.80 on Wednesday. The company has a market capitalization of £3.95 billion, a P/E ratio of 19.05, a PEG ratio of 2.58 and a beta of 0.94. The company has a 50-day simple moving average of GBX 489.95 and a 200 day simple moving average of GBX 456.94. Rightmove plc has a fifty-two week low of GBX 391.40 and a fifty-two week high of GBX 693.80. The company has a quick ratio of 2.55, a current ratio of 1.53 and a debt-to-equity ratio of 7.35.

Rightmove (LON:RMV - Get Free Report) last announced its earnings results on Friday, July 31st. The company reported GBX 15.60 earnings per share (EPS) for the quarter. Rightmove had a net margin of 49.72% and a return on equity of 281.32%. Sell-side analysts predict that Rightmove plc will post 30.23 earnings per share for the current fiscal year.

Rightmove announced that its Board of Directors has authorized a share repurchase program on Friday, July 31st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Share repurchase programs are often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

RMV has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a "hold" rating and set a GBX 465 price objective on shares of Rightmove in a research note on Tuesday, September 8th. Citigroup boosted their target price on Rightmove from GBX 455 to GBX 486 and gave the stock a "neutral" rating in a report on Wednesday, August 5th. JPMorgan Chase & Co. upped their target price on Rightmove from GBX 404 to GBX 429 and gave the stock an "underweight" rating in a research report on Monday, August 3rd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 575 price target on shares of Rightmove in a research note on Monday, August 3rd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 665 price target on shares of Rightmove in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of GBX 595.12.

Rightmove Company Profile

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.

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