News coverage about Sallie Mae (NASDAQ:SLM) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sallie Mae earned a news sentiment score of 0.21 on Accern’s scale. Accern also assigned news coverage about the credit services provider an impact score of 45.7388326442349 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
SLM has been the topic of several research analyst reports. Zacks Investment Research upgraded Sallie Mae from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded Sallie Mae from a “sell” rating to a “hold” rating in a report on Wednesday, March 14th. B. Riley restated a “buy” rating and set a $13.00 target price (down previously from $14.00) on shares of Sallie Mae in a report on Thursday, January 18th. Oppenheimer set a $17.00 target price on Sallie Mae and gave the stock a “buy” rating in a report on Thursday, January 18th. Finally, BMO Capital Markets restated a “hold” rating and set a $15.00 target price on shares of Sallie Mae in a report on Thursday, January 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $14.18.
Shares of Sallie Mae (NASDAQ:SLM) traded down $0.43 on Friday, hitting $10.58. The stock had a trading volume of 2,466,771 shares, compared to its average volume of 4,242,131. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.58. Sallie Mae has a twelve month low of $9.65 and a twelve month high of $13.20. The firm has a market capitalization of $4,916.45, a price-to-earnings ratio of 17.06, a PEG ratio of 0.54 and a beta of 1.33.
In other news, EVP Laurent Charles Lutz sold 125,952 shares of the company’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $11.45, for a total transaction of $1,442,150.40. Following the transaction, the executive vice president now owns 615,162 shares of the company’s stock, valued at $7,043,604.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jeffrey Dale sold 37,807 shares of the company’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of $11.21, for a total value of $423,816.47. Following the transaction, the senior vice president now directly owns 88,808 shares in the company, valued at approximately $995,537.68. The disclosure for this sale can be found here. Insiders have sold 274,939 shares of company stock worth $3,112,679 in the last ninety days. 0.59% of the stock is currently owned by insiders.
COPYRIGHT VIOLATION WARNING: This story was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this story on another site, it was stolen and reposted in violation of international copyright & trademark legislation. The correct version of this story can be viewed at https://www.tickerreport.com/banking-finance/3294360/sallie-mae-slm-earns-news-sentiment-rating-of-0-21.html.
About Sallie Mae
SLM Corporation, together with its subsidiaries, operates as a saving, planning, and paying for college company in the United States. The company originates and services private education loans to students and their families. Its loan portfolio also includes federal family education loan program, personal, and other loans.
Receive News & Ratings for Sallie Mae Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sallie Mae and related companies with MarketBeat.com's FREE daily email newsletter.