Director of FirstService Co. Sells Shares

On December 13th, Joan Eloise Sproul, a Director at FirstService Co. (TSE:FSV, NASDAQ:FSV), sold 200 shares of the company’s stock. The shares were sold at an average price of C$268.69, resulting in a total transaction value of C$53,738.00.

In addition to this transaction, Joan Eloise Sproul had also sold shares in a previous transaction on September 19th. During that transaction, she sold 100 shares at an average price of C$243.91, leading to a transaction total of C$24,391.00.

Recent Stock Performance

On the same day as the latest sale, FirstService Co.'s stock fell by 1.8%, trading down C$4.76 to reach C$266.40 during midday trading. The trading volume for the company was 9,997 shares, which is significantly lower than its average volume of 74,779 shares.

FirstService's stock has shown considerable volatility over the past year, with a low of C$193.77 and a high of C$278.19. The company carries a debt-to-equity ratio of 105.28, with a current ratio of 1.74 and a quick ratio of 1.25. It has a market capitalization of C$11.99 billion and a price-to-earnings (P/E) ratio of 111.59.

Analysts' Insights

On a different note, TD Securities has recently upgraded their target price for FirstService shares from C$182.00 to C$194.00, while assigning a "hold" rating in their research note dated October 28th.

About FirstService

FirstService Corporation operates through its subsidiaries, providing essential property services and residential property management to both residential and commercial customers across the United States and Canada. The company's operations are divided into two segments: FirstService Residential and FirstService Brands. The FirstService Residential segment specifically offers management services to various residential communities, including condominiums, homeowner associations, and lifestyle communities.

Key Takeaways

The recent stock activity by Joan Eloise Sproul highlights the ongoing involvement of company directors in trading decisions. As analysts revise their expectations for the company's stock prices, investors might want to keep an eye on FirstService for potential growth opportunities.

FirstService, Shares, Transaction