Insider Selling: JetBlue Airways Corp. COO Sells 82,824 Shares of Stock (JBLU)
JetBlue Airways Corp. (NASDAQ:JBLU) COO Robert Alan Maruster sold 82,824 shares of JetBlue Airways Corp. stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $10.05, for a total transaction of $832,381.20. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of JetBlue Airways Corp. from an “outperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $10.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. upgraded shares of JetBlue Airways Corp. from a “neutral” rating to an “overweight” rating in a research note on Thursday, May 1st. They now have a $10.00 price target on the stock, up previously from $9.50. They noted that the move was a valuation call. Finally, analysts at Argus upgraded shares of JetBlue Airways Corp. from a “hold” rating to a “buy” rating in a research note on Wednesday, April 16th. They now have a $10.00 price target on the stock, up previously from $8.80. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the stock. JetBlue Airways Corp. has an average rating of “Hold” and a consensus price target of $9.94.
Shares of JetBlue Airways Corp. (NASDAQ:JBLU) traded up 0.10% on Thursday, hitting $10.28. 3,817,310 shares of the company’s stock traded hands. JetBlue Airways Corp. has a 52-week low of $5.95 and a 52-week high of $10.38. The stock has a 50-day moving average of $8.74 and a 200-day moving average of $8.72. The company has a market cap of $3.051 billion and a price-to-earnings ratio of 21.22. JetBlue Airways Corp. also was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totalling 44,070,749 shares, a decline of 6.7% from the April 30th total of 47,233,982 shares. Approximately 17.8% of the shares of the company are short sold. Based on an average daily trading volume, of 7,819,518 shares, the days-to-cover ratio is currently 5.6 days.
JetBlue Airways Corp. (NASDAQ:JBLU) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 3.8% on a year-over-year basis. Analysts expect that JetBlue Airways Corp. will post $0.68 EPS for the current fiscal year.
JetBlue Airways Corporation (NASDAQ:JBLU) is a passenger airline that operates primarily on point-to-point routes with its fleet of 120 Airbus A320 aircraft and 49 EMBRAER 190 aircraft.
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