Emerald Advisers Inc. PA lowered its stake in comScore Inc. (NASDAQ:SCOR) by 0.3% during the second quarter, Holdings Channel reports. The fund owned 463,729 shares of the company’s stock after selling 1,580 shares during the period. Emerald Advisers Inc. PA’s holdings in comScore were worth $11,074,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Independent Portfolio Consultants Inc. increased its position in shares of comScore by 77.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,040 shares of the company’s stock valued at $144,000 after buying an additional 2,645 shares during the last quarter. Boothbay Fund Management LLC increased its position in shares of comScore by 9.6% in the first quarter. Boothbay Fund Management LLC now owns 7,268 shares of the company’s stock valued at $218,000 after buying an additional 635 shares during the last quarter. Aperio Group LLC bought a new position in shares of comScore during the first quarter valued at approximately $262,000. Affinity Wealth Management bought a new position in shares of comScore during the first quarter valued at approximately $278,000. Finally, BNP Paribas Arbitrage SA bought a new position in shares of comScore during the second quarter valued at approximately $501,000. 92.01% of the stock is currently owned by hedge funds and other institutional investors.
Shares of comScore Inc. (NASDAQ:SCOR) traded down 0.69% during mid-day trading on Thursday, reaching $30.04. The company’s stock had a trading volume of 954,727 shares. The company’s market cap is $1.17 billion. The company has a 50-day moving average of $30.20 and a 200-day moving average of $29.22. comScore Inc. has a 12 month low of $21.74 and a 12 month high of $51.37.
Several research analysts have commented on the company. Susquehanna downgraded comScore from a “positive” rating to a “neutral” rating in a report on Wednesday, June 29th. Cantor Fitzgerald reissued a “hold” rating on shares of comScore in a research note on Monday, August 15th. Telsey Advisory Group downgraded comScore from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $60.00 to $35.00 in a research note on Tuesday, June 28th. Jefferies Group reissued a “neutral” rating on shares of comScore in a research note on Monday, August 15th. Finally, Oppenheimer Holdings Inc. dropped their price objective on comScore from $54.00 to $43.00 and set an “outperform” rating on the stock in a research note on Thursday, August 11th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. comScore has a consensus rating of “Hold” and a consensus price target of $40.09.
In related news, major shareholder Plc Wpp acquired 120,000 shares of comScore stock in a transaction dated Tuesday, August 16th. The shares were purchased at an average cost of $26.93 per share, with a total value of $3,231,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.90% of the company’s stock.
comScore, Inc( comScore) is a cross-platform measurement company that precisely measures audiences, brands and consumer behavior everywhere. comScore completed its merger with Rentrak Corporation in January 2016, to create the new model for a dynamic, cross-platform world. The Company’s unmatched data footprint combines digital, television and movie intelligence with vast demographic details to quantify consumers’ multiscreen behavior at massive scale.
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