Rightmove (LON:RMV) Sets New 1-Year Low - Here's What Happened

Shares of Rightmove plc (LON:RMV - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as GBX 409.80 and last traded at GBX 410.20, with a volume of 9517498 shares changing hands. The stock had previously closed at GBX 412.10.Wall Street Analyst Weigh InSeparately, JPMorgan Chase & Co. decreased their target price on shares of Rightmove from GBX 521 to GBX 489 and set an "underweight" rating on the stock in a research report on Thursday, March 19th. Four equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 702.33.Check Out Our Latest Analysis on RightmoveRightmove Stock Down 0.5%The company has a current ratio of 1.89, a quick ratio of 2.55 and a debt-to-equity ratio of 13.13. The stock has a 50 day simple moving average of GBX 454.62 and a 200 day simple moving average of GBX 555.37. The firm has a market capitalization of £3.12 billion, a PE ratio of 15.78, a PEG ratio of 2.58 and a beta of 0.99. Rightmove (LON:RMV - Get Free Report) last released its quarterly earnings data on Friday, February 27th. The company reported GBX 29.10 earnings per share for the quarter. Rightmove had a return on equity of 264.68% and a net margin of 51.06%. As a group, sell-side analysts forecast that Rightmove plc will post 30.2327791 earnings per share for the current year. Insider Buying and Selling at RightmoveIn other news, insider Johan Svanström acquired 4,328 shares of the stock in a transaction dated Thursday, March 12th. The stock was purchased at an average cost of GBX 461 per share, with a total value of £19,952.08. Also, insider Ruaridh Hook bought 2,077 shares of the company's stock in a transaction dated Thursday, March 12th. The shares were purchased at an average price of GBX 457 per share, with a total value of £9,491.89. Corporate insiders own 0.37% of the company's stock. About Rightmove (Get Free Report)Rightmove plc, together with its subsidiaries, operates online digital property advertising and information portals in the United Kingdom and internationally. The company operates through Agency, New Homes, and Other segments. The Agency segment provides property resale and letting advertising services on its platforms. The segment also offers tenant references and rent guarantee insurance services to landlords. The New Homes segment provides property advertising services to new home developers and housing associations on its platforms.Featured ArticlesFive stocks we like better than RightmoveThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Rightmove Right Now?Before you consider Rightmove, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rightmove wasn't on the list.While Rightmove currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here