Insider Buying: StorageVault Canada (TSE:SVI) Director Purchases C$29,185.26 in Stock

StorageVault Canada Inc. (TSE:SVI) Director Deborah Wallis Robinson acquired 7,242 shares of the stock in a transaction dated Friday, October 30th. The stock was acquired at an average price of C$4.03 per share, for a total transaction of C$29,185.26. Following the completion of the transaction, the director directly owned 20,388 shares of the company’s stock, valued at approximately C$82,163.64. This represents a 55.09% increase in their ownership of the stock.

StorageVault Canada Price Performance

SVI stock opened at C$4.21 on Thursday. The company has a market capitalization of C$1.54 billion, a price-to-earnings ratio of -36.61 and a beta of 0.76. StorageVault Canada Inc. has a 1-year low of C$4.00 and a 1-year high of C$5.39. The business has a 50 day simple moving average of C$4.21 and a two-hundred day simple moving average of C$4.53.

StorageVault Canada (TSE:SVI) last issued its earnings results on Wednesday, October 21st. The company reported C($0.02) earnings per share (EPS) for the quarter. The firm had revenue of C$94.24 million during the quarter. StorageVault Canada had a negative return on equity of 50.22% and a negative net margin of 11.77%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on SVI shares. Desjardins dropped their target price on StorageVault Canada from C$6.00 to C$5.25 and set a “buy” rating for the company in a report on Friday, October 23rd. National Bank Financial cut their price target on shares of StorageVault Canada from C$6.50 to C$6.00 and set an “outperform” rating on the stock in a report on Wednesday, October 21st. Royal Bank Of Canada boosted their target price on StorageVault Canada from C$6.00 to C$6.25 and gave the company an “outperform” rating in a research report on Friday, July 24th. Canaccord Genuity Group decreased their price target on StorageVault Canada from C$5.75 to C$5.25 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, Raymond James Financial downgraded StorageVault Canada from a “strong-buy” rating to a “moderate buy” rating and cut their price objective for the company from C$5.75 to C$5.25 in a research report on Friday, October 2nd. Six research analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of C$5.52.

About StorageVault Canada

StorageVault currently owns and operates 275 storage locations across Canada. StorageVault owns 243 of these locations plus over 5,000 portable storage units representing over 13.8 million rentable square feet on 802 acres of land. StorageVault also provides last mile storage and logistics solutions and professional records management services, such as document and media storage, imaging and shredding services.