ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD)‘s stock had its “hold” rating reaffirmed by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Tuesday, AnalystRatings.com reports.
Several other analysts have also commented on CMD. Raymond James lowered shares of ProShares UltraShort DJ-UBS Commodity from an “outperform” rating to a “market perform” rating in a research report on Friday, March 1st. Zacks Investment Research lowered shares of ProShares UltraShort DJ-UBS Commodity from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Finally, TheStreet lowered shares of ProShares UltraShort DJ-UBS Commodity from a “b-” rating to a “c+” rating in a research report on Friday, March 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. ProShares UltraShort DJ-UBS Commodity has a consensus rating of “Hold” and a consensus price target of $112.33.
CMD opened at $75.32 on Tuesday. ProShares UltraShort DJ-UBS Commodity has a fifty-two week low of $63.47 and a fifty-two week high of $103.49.
ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) last released its quarterly earnings results on Tuesday, June 4th. The medical instruments supplier reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $228.55 million for the quarter, compared to the consensus estimate of $227.55 million. During the same period in the previous year, the business earned $0.60 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis.
In other news, insider Lawrence Conway sold 800 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $67.00, for a total value of $53,600.00. Following the sale, the insider now owns 3,417 shares of the company’s stock, valued at $228,939. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In the last three months, insiders sold 1,131 shares of company stock worth $75,588. Insiders own 14.90% of the company’s stock.
ProShares UltraShort DJ-UBS Commodity Company Profile
ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.
Further Reading: Growth and Income Funds
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