In a recent transaction, 180 Degree Capital Corp. /NY/ has acquired additional shares of Comscore, Inc. (NASDAQ:SCOR), a company specializing in business services. The transaction, which took place on April 3, 2024, involved the purchase of 1,417 shares at a price of $14.94 per share, totaling over $21,169 in value.
The purchase was made by Kevin M. Rendino, a member of a group that collectively owns over 10% of Comscore's outstanding common stock. According to the SEC filing, Rendino directly owns the shares, and this latest transaction brings his total ownership to 27,542 shares in the company.
The filing also clarified that each reporting person within the group, which includes 180 Degree Capital Corp., Matthew F. McLaughlin, and Kevin M. Rendino, disclaims beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
This move by 180 Degree Capital Corp. /NY/ and its associated members demonstrates a continued investment in Comscore, Inc., and adds to the narrative of shareholder activities that investors watch closely. The reported transaction provides a glimpse into the investment decisions made by significant shareholders of the company.
InvestingPro Insights
In light of 180 Degree Capital Corp. /NY/'s increased stake in Comscore, Inc. (NASDAQ:SCOR), investors may find it beneficial to consider the company's recent financial performance and market valuation. Comscore's current market capitalization stands at approximately $71.8 million, reflecting the market's assessment of the company's value. Despite a challenging period, with a negative revenue growth of 1.35% over the last twelve months as of Q1 2023, Comscore has managed to maintain a gross profit margin of 45.31%, indicating a relatively strong ability to control costs relative to its revenues.
However, the company's price-to-earnings (P/E) ratio is currently negative at -0.75, and when adjusted for the last twelve months as of Q1 2023, it stands at -11.56. This suggests that investors are expecting future profitability, which aligns with an InvestingPro Tip indicating that analysts predict the company will be profitable this year. Another InvestingPro Tip worth noting is that Comscore's valuation implies a strong free cash flow yield, which could be an attractive point for investors looking for companies with the potential to generate cash.
For those interested in further insights, there are 9 additional InvestingPro Tips available, offering a comprehensive analysis of Comscore's financial health and market performance. These tips can be found at https://www.investing.com/pro/SCOR, and readers can use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, providing a deeper dive into the investment prospects of Comscore, Inc.
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