A Director at Lamar Advertising (LAMR) is Buying Shares
Yesterday, a Director at Lamar Advertising (LAMR), John Koerner, bought shares of LAMR for $990.6K.
This recent transaction increases John Koerner’s holding in the company by 69.81% to a total of $2.7 million. This is Koerner’s first transaction since reporting a Buy transaction on IBKC back in May 2019
See today’s analyst top recommended stocks >>
Based on Lamar Advertising’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $407 million and quarterly net profit of $40.49 million. In comparison, last year the company earned revenue of $384 million and had a net profit of $51.25 million. The company has a one-year high of $96.82 and a one-year low of $30.89. Currently, Lamar Advertising has an average volume of 869.71K.
Based on 4 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $58.50, reflecting a 11.6% upside.
Company insider trades’ information is brought to you by the DailyInsider, a proprietary algorithm that analyzes insider trading activity to detect the most attractive trading opportunities. To subscribe to the DailyInsider visit this page.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lamar Advertising Co. engages in advertising services. The firm rent advertising space on billboards, buses, shelters, benches, logo plates, and in airport terminals. The company was founded in 1902 and is headquartered in Baton Rouge, LA.