StorageVault Canada (TSE:SVI) Insider Access Self Storage Inc. Acquires 103,987 Shares of Company Stock

Key Points

• Insider buying: Access Self Storage Inc. purchased 103,987 StorageVault Canada shares for approximately C$414,908, increasing its ownership by 0.08% to 137.1 million shares.
• Weak trading and results: StorageVault shares fell 2.4% to C$4.07, near their one-year low, while the company reported a quarterly loss of C$0.02 per share, C$94.24 million in revenue, and negative net margins.
• Analyst outlook remains positive but targets declined: All six covering analysts rate the stock a Buy, with an average price target of C$5.52, although several firms recently lowered their targets.

StorageVault Canada Inc. (TSE:SVI - Get Free Report) insider Access Self Storage Inc. bought 103,987 shares of the stock in a transaction on Thursday, October 15th. The stock was purchased at an average cost of C$3.99 per share, with a total value of C$414,908.13. Following the acquisition, the insider owned 137,095,992 shares in the company, valued at approximately C$547,013,008.08. This represents a 0.08% increase in their ownership of the stock.

StorageVault Canada Stock Down 2.4%

Shares of SVI stock traded down C$0.10 during mid-day trading on Wednesday, reaching C$4.07. 153,412 shares of the stock traded hands, compared to its average volume of 316,528. The stock's fifty day simple moving average is C$4.25 and its two-hundred day simple moving average is C$4.56. StorageVault Canada Inc. has a 1-year low of C$4.02 and a 1-year high of C$5.39. The company has a market cap of C$1.49 billion, a price-to-earnings ratio of -35.39 and a beta of 0.79.

StorageVault Canada (TSE:SVI - Get Free Report) last released its quarterly earnings data on Wednesday, October 21st. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$94.24 million during the quarter. StorageVault Canada had a negative net margin of 11.77% and a negative return on equity of 50.22%.

Analyst Ratings Changes

Several equities analysts have issued reports on SVI shares. Raymond James Financial cut shares of StorageVault Canada from a "strong-buy" rating to a "moderate buy" rating and decreased their price target for the company from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Royal Bank Of Canada lifted their price target on shares of StorageVault Canada from C$6.00 to C$6.25 and gave the stock an "outperform" rating in a report on Friday, July 24th. National Bank Financial reduced their price objective on shares of StorageVault Canada from C$6.50 to C$6.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 21st. Canaccord Genuity Group decreased their price objective on StorageVault Canada from C$5.75 to C$5.25 and set a "buy" rating for the company in a report on Friday, October 23rd. Finally, Desjardins lowered their target price on StorageVault Canada from C$6.00 to C$5.25 and set a "buy" rating for the company in a research report on Friday, October 23rd. Six analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, StorageVault Canada currently has an average rating of "Buy" and an average price target of C$5.52.

StorageVault Canada Company Profile

StorageVault currently owns and operates 275 storage locations across Canada. StorageVault owns 243 of these locations plus over 5,000 portable storage units representing over 13.8 million rentable square feet on 802 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.

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