Johan Svanström Purchases 4,328 Shares of Rightmove (LON:RMV) Stock

Key Points

• Insider purchase: Director Johan Svanström bought 4,328 Rightmove shares on March 12 at GBX 461 each, a transaction totaling £19,952.08.
• Stock movement & valuation: Shares rose about 1.5% to GBX 460.50 with sizable trading volume; Rightmove has a £3.50 billion market cap, a P/E of 17.71, and a 52‑week range of GBX 410.70–827.
• Analyst view & results: Analysts are mixed (four Buy, two Sell, average rating “Hold” and target GBX 708.67), while recent quarterly EPS was GBX 29.10 and the company shows high margins and ROE.

Rightmove plc (LON:RMV - Get Free Report) insider Johan Svanström bought 4,328 shares of the business's stock in a transaction 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%

Shares of LON:RMV traded up GBX 6.90 during trading hours 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. The firm's fifty day moving average price is GBX 469.72 and its 200 day moving average price is GBX 576.70. Rightmove plc has a 52 week low of GBX 410.70 and a 52 week high of GBX 827. The company has a market capitalization of £3.50 billion, a price-to-earnings 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.

Rightmove (LON:RMV - Get Free Report) last issued 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%. As a group, research analysts expect that Rightmove plc will post 30.2327791 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price target on Rightmove from GBX 500 to GBX 527 and gave the stock an "underweight" rating in a research report on Wednesday, December 3rd. Jefferies Financial Group reduced their target price 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. Four investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of GBX 708.67.

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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