The Chairman & Founder of FirstService (NASDAQ: FSV) is Selling Shares

By Carrie Williams

Today, the Chairman & Founder of FirstService (FSVResearch Report), Jay Hennick, sold shares of FSV for $37.8M.

Following Jay Hennick’s last FSV Sell transaction on May 01, 2018, the stock climbed by 24.2%. In addition to Jay Hennick, one other FSV executive reported Sell trades in the last month.

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Based on FirstService’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $634 million and quarterly net profit of $5.29 million. In comparison, last year the company earned revenue of $486 million and had a net profit of $2.33 million. The company has a one-year high of $114.87 and a one-year low of $57.38. Currently, FirstService has an average volume of 132.01K.

Based on 5 analyst ratings, the analyst consensus is Strong Buy with an average price target of $90.53, reflecting a 1.1% upside.

The insider sentiment on FirstService has been negative according to 19 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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FirstService Corp. engages in the provision of property services. It operates through the FirstService Residential and FirstService Brands segments. The FirstService Residential segment offers residential property management services in North America. The FirstService Brands segment covers residential and commercial customers through both franchise systems, and company-owned operations. The company was founded by Jay S. Hennick in 1989 and is headquartered in Toronto, Canada.