Berenberg Bank Trims XLMedia (XLM) Target Price to GBX 225

XLMedia (LON:XLM) had its price target trimmed by Berenberg Bank from GBX 290 ($3.86) to GBX 225 ($3.00) in a research note issued to investors on Monday. The brokerage currently has a buy rating on the stock.

Shares of XLM stock opened at GBX 118 ($1.57) on Monday. The stock has a market capitalization of $399.72 million and a PE ratio of 1,445.45. XLMedia has a 52-week low of GBX 100 ($1.33) and a 52-week high of GBX 224.92 ($2.99).

In other news, insider Ory Weihs bought 33,800 shares of the company’s stock in a transaction dated Monday, March 19th. The shares were bought at an average cost of GBX 180 ($2.40) per share, with a total value of £60,840 ($81,001.20). Also, insider Yehuda Dahan bought 50,000 shares of the company’s stock in a transaction dated Monday, June 11th. The stock was purchased at an average cost of GBX 118 ($1.57) per share, for a total transaction of £59,000 ($78,551.46). Over the last ninety days, insiders bought 156,058 shares of company stock worth $22,943,990.

About XLMedia

XLMedia PLC is the United Kingdom-based online performance marketing company. The Company focuses on paying users from multiple online and mobile channels and directs them to online businesses who, in turn, convert such traffic into paying customers. The Company’s segments include Publishing, Media and Partners Network.

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