News articles about Sothebys (NYSE:BID) have trended positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sothebys earned a media sentiment score of 0.28 on Accern’s scale. Accern also gave news coverage about the specialty retailer an impact score of 46.0995970856647 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- When the chase is more compelling than the piece (antiquetrader.com)
- Investors Purchase Large Volume of Sothebys Put Options (BID) (americanbankingnews.com)
- A leather jock strap, one used chariot … what are we bid for Russell Crowe’s divorce detritus? (theguardian.com)
- Sothebys (BID) & Its Rivals Critical Comparison (americanbankingnews.com)
- CEPA Gallery’s 14th Biennial Art Auction (buffalorising.com)
Sothebys stock opened at $49.50 on Friday. The company has a market capitalization of $2,661.35, a price-to-earnings ratio of 22.50 and a beta of 1.86. The company has a debt-to-equity ratio of 1.38, a current ratio of 1.25 and a quick ratio of 1.21. Sothebys has a 1 year low of $42.78 and a 1 year high of $57.95.
Sothebys declared that its Board of Directors has authorized a stock buyback program on Thursday, March 1st that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the specialty retailer to purchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
BID has been the subject of several recent research reports. Zacks Investment Research raised Sothebys from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Monday, January 8th. TheStreet raised Sothebys from a “c+” rating to a “b-” rating in a research report on Monday, March 19th. Finally, Cowen reissued a “buy” rating and issued a $63.00 price target on shares of Sothebys in a research report on Friday, March 2nd. One analyst has rated the stock with a sell rating and five have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $60.50.
In related news, SVP Kevin M. Delaney sold 1,821 shares of the business’s stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $51.71, for a total transaction of $94,163.91. Following the transaction, the senior vice president now directly owns 798 shares in the company, valued at approximately $41,264.58. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Olivier Reza sold 10,000 shares of the business’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $51.14, for a total value of $511,400.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 76,821 shares of company stock worth $3,962,164. 13.81% of the stock is owned by company insiders.
ILLEGAL ACTIVITY NOTICE: “Sothebys (BID) Receives Daily News Impact Rating of 0.28” was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The original version of this report can be accessed at https://www.tickerreport.com/banking-finance/3298073/sothebys-bid-receives-daily-news-impact-rating-of-0-28.html.
Sothebys Company Profile
Sotheby’s is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby’s Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong.
Receive News & Ratings for Sothebys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sothebys and related companies with MarketBeat.com's FREE daily email newsletter.