National CineMedia, Inc. (NASDAQ:NCMI) Stock Has Average Target Price of $4.81

National CineMedia, Inc. (NASDAQ:NCMI) has been given a consensus recommendation of “Hold” by the six analysts that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $4.81.

NCMI has been the subject of several recent analyst reports. Weiss Ratings cut National CineMedia from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Wall Street Zen raised National CineMedia from a “sell” rating to a “hold” rating in a research report on Saturday, October 17th. Wedbush set a $5.00 price objective on National CineMedia and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Barrington Research set a $4.25 price objective on National CineMedia in a report on Wednesday, August 12th. Finally, Zacks Research raised National CineMedia from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 9th.

National CineMedia Stock Performance

Shares of NASDAQ NCMI opened at $1.84 on Wednesday. National CineMedia has a twelve month low of $1.82 and a twelve month high of $4.56. The company has a 50 day moving average of $2.29 and a 200 day moving average of $3.21.

National CineMedia (NASDAQ:NCMI) last issued its earnings results on Tuesday, August 11th. The business services provider reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $58.40 million during the quarter, compared to analyst estimates of $59.34 million. On average, sell-side analysts forecast that National CineMedia will post 0.17 EPS for the current fiscal year.

Insider Activity

In other news, insider Maria Woods sold 12,189 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $2.09, for a total transaction of $25,475.01. Following the completion of the transaction, the insider directly owned 176,806 shares of the company’s stock, valued at $369,524.54. The trade was a 6.45% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On National CineMedia

Several institutional investors and hedge funds have recently added to or reduced their stakes in NCMI. Sequoia Financial Advisors LLC bought a new stake in National CineMedia in the 2nd quarter worth approximately $60,000. Citadel Advisors LLC raised its stake in National CineMedia by 682.4% during the 2nd quarter. Citadel Advisors LLC now owns 278,577 shares of the business services provider’s stock valued at $1,059,000 after buying an additional 242,970 shares during the last quarter. Wellington Management Group LLP raised its stake in National CineMedia by 16.0% during the 2nd quarter. Wellington Management Group LLP now owns 3,220,165 shares of the business services provider’s stock valued at $12,237,000 after buying an additional 444,984 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of National CineMedia during the 2nd quarter valued at $2,653,000. Finally, Zazove Associates LLC lifted its holdings in shares of National CineMedia by 78.3% during the 1st quarter. Zazove Associates LLC now owns 458,939 shares of the business services provider’s stock valued at $1,400,000 after buying an additional 201,564 shares during the period. Hedge funds and other institutional investors own 69.49% of the company’s stock.

National CineMedia Company Profile

National CineMedia, Inc (NASDAQ: NCMI) is a media and advertising company focused on cinema-based marketing in the United States. Through its network of movie theaters, the company sells advertising opportunities that allow brands to reach audiences before feature films and throughout the theater environment.

Its primary product is the Noovie pre-show, a branded entertainment and advertising program shown on theater screens before movies. National CineMedia also offers on-screen advertising, lobby and other in-theater placements, digital and experiential campaigns, and related marketing solutions designed to connect advertisers with moviegoers.