Insider Selling: Cambium Learning Group, Inc. (ABCD) Insider Sells 5,000 Shares of Stock
Cambium Learning Group, Inc. (NASDAQ:ABCD) insider Paul Fonte sold 5,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The stock was sold at an average price of $13.22, for a total transaction of $66,100.00. Following the completion of the transaction, the insider now directly owns 5,000 shares in the company, valued at approximately $66,100. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
ABCD traded down $0.24 during trading hours on Friday, hitting $12.37. The company’s stock had a trading volume of 83,523 shares, compared to its average volume of 151,184. Cambium Learning Group, Inc. has a 12 month low of $5.19 and a 12 month high of $13.98. The stock has a market capitalization of $595.91 million, a PE ratio of 28.77 and a beta of -0.78. The company has a debt-to-equity ratio of -5.94, a quick ratio of 0.31 and a current ratio of 0.32.
Cambium Learning Group (NASDAQ:ABCD) last announced its quarterly earnings results on Monday, August 13th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Cambium Learning Group had a negative return on equity of 70.40% and a net margin of 27.45%. The business had revenue of $41.00 million during the quarter, compared to the consensus estimate of $39.97 million. research analysts forecast that Cambium Learning Group, Inc. will post 0.39 earnings per share for the current year.
Several equities analysts have recently commented on ABCD shares. BidaskClub downgraded shares of Cambium Learning Group from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Zacks Investment Research raised shares of Cambium Learning Group from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Thursday, August 16th.
About Cambium Learning Group
Cambium Learning Group, Inc provides educational technology solutions in the United States and internationally. It operates in three segments: Learning A-Z, ExploreLearning, and Voyager Sopris Learning. The Learning A-Z segment offers PreK-6 technology-enabled learning resources. It operates subscription-based Websites, including Reading A-Z, Raz-Kids, Headsprout, Science A-Z, Writing A-Z, Vocabulary A-Z, and ReadyTest A-Z that provide online supplemental books, lessons, assessments, and other instructional resources for individual classrooms, schools, and districts.
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