Fubotv earnings beat by $0.10, revenue topped estimates
Proficient Auto Logistics , Inc (NASDAQ:PAL), currently valued at $219 million in market capitalization, recently saw its Chief Executive Officer, Odell Richard D, execute a series of stock transactions, according to a recent SEC filing. According to InvestingPro analysis, the stock appears undervalued, with analysts setting price targets between $12 and $15. On May 15, Richard sold 15,000 shares of common stock, totaling approximately $122,260. The shares were sold at an average price of $8.1507, with individual trades ranging from $8.15 to $8.21. The transaction occurred as the stock trades near $8.09, significantly below its 52-week high of $21.01.
Earlier, on May 13, Richard acquired 161,670 shares of common stock at no cost, following the vesting of restricted stock units. This acquisition increased his direct ownership to a total of 900,472 shares before the subsequent sale. The shares sold on May 15 were part of a transaction to cover tax withholding obligations related to the vesting of these restricted stock units. InvestingPro subscribers can access additional insights, including 6 more ProTips and a comprehensive analysis of PAL’s financial health and growth prospects.
In other recent news, Proficient Auto Logistics reported disappointing financial results for the first quarter of 2025, missing earnings expectations. The company posted an earnings per share (EPS) of -$0.12, falling short of the forecasted $0.27. Revenue for the quarter was $95.21 million, reflecting a slight decrease from the previous year. Despite these challenges, Proficient Auto Logistics remains optimistic, projecting revenue growth in the high single digits for the second quarter of 2025. The company is also focusing on enhancing operational efficiency through its recent acquisition of Brothers Auto Transport. In addition, analysts from Goldman Sachs have adjusted their full-year projections for the automotive market, which could impact Proficient Auto Logistics’ future performance. The company’s leadership has expressed confidence in navigating industry headwinds and capitalizing on market share opportunities.
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