The Chief Financial Officer of FirstService is Exercising Options

By Carrie Williams

Today it was reported that the Chief Financial Officer of FirstService (FSVResearch Report), Jeremy Alan Rakusin, exercised options to sell 10,000 FSV shares for a total transaction value of $1.66M.

Following Jeremy Alan Rakusin’s last FSV Sell transaction on September 21, 2020, the stock climbed by 4.6%. In addition to Jeremy Alan Rakusin, 5 other FSV executives reported Sell trades in the last month.

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Based on FirstService’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $622 million and quarterly net profit of $27.12 million. In comparison, last year the company earned revenue of $574 million and had a GAAP net loss of $279 million. The company has a one-year high of $134.71 and a one-year low of $57.38. Currently, FirstService has an average volume of 33.97K.

Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $106.75, reflecting a 17.5% upside.

The insider sentiment on FirstService has been negative according to 33 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.