Today it was reported that a Director at Malibu Boats (NASDAQ: MBUU), Phillip Estes, exercised options to sell 80,000 MBUU shares for a total transaction value of $4.23M.
Following Phillip Estes’ last MBUU Sell transaction on May 27, 2015, the stock climbed by 32.2%. In addition to Phillip Estes, 4 other MBUU executives reported Sell trades in the last month.
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Based on Malibu Boats’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $139 million and quarterly net profit of $12.44 million. In comparison, last year the company earned revenue of $75.11 million and had a net profit of $9.66 million. MBUU’s market cap is $1.09B and the company has a P/E ratio of 39.74. Currently, Malibu Boats has an average volume of 231.4K.
Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $58.80, reflecting a 9.2% upside.
The insider sentiment on Malibu Boats has been negative according to 50 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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Malibu Boats, Inc. is a holding company, which engages in the design, manufacture, and marketing of recreational powerboats, including performance sport boats, sterndrive, and outboard boats under the Malibu, Axis, and Cobalt brands. It operates through the following segments: Malibu US, Malibu Australia, and Cobalt.
