Millennial Media (NYSE:MM) provides mobile advertising solutions to advertisers and developers in the United States and internationally.
Insider buying during the last 30 days
Here is a table of Millennial Media's insider activity during the last 30 days.
|Name||Title||Trade Date||Shares Purchased||Current Ownership||Increase In Shares|
|Mary Spilman||EVP||May 16||15,000||264,010 shares||+6.0%|
|Thomas Evans||Director||May 16||25,000||75,739 shares||+49.3%|
|Ross Levinsohn||Director||May 15||30,000||57,739 shares||+108.2%|
|Michael Barrett||CEO||May 12-13||291,000||744,693 shares||+64.1%|
There have been 361,000 shares purchased by insiders during the last 30 days.
Insider buying by calendar month
Here is a table of Millennial Media's insider activity by calendar month.
|Month||Insider buying / shares||Insider selling / shares|
There have been 386,000 shares purchased and there have been 500,804 shares sold by insiders since January 2013. The month of May 2014 has seen the most insider buying.
Millennial Media reported the first-quarter financial results on May 7 with the following highlights:
|Net loss||$12.9 million|
The stock plunged after these results and the four insiders purchased their shares after the plunge.
Millennial Media's second-quarter guidance is as follows:
|Adjusted EBITDA loss||$5-$6 million|
|Qtrly Rev Growth (yoy):||0.47||0.05||0.19||-0.01|
|PEG (5 yr expected):||-0.26||0.90||N/A||2.56|
Millennial Media has the lowest P/S ratio among these four companies.
Here is a table of these competitors' insider activities during the last 30 days.
|Company||Insider buying / shares||Insider selling / shares|
Only Millennial Media has seen intensive insider buying during the last 30 days.
There have been four different insiders buying Millennial Media, and there have not been any insiders selling Millennial Media during the last 30 days. Three of these four insiders increased their holdings by more than 10%. Millennial Media has an insider ownership of 15.37%.
The four insiders purchased their shares at prices ranging from $3.45 to $3.83. I believe Millennial Media could be a good pick below $3.83 based on the intensive insider buying.
Disclosure: I have no positions in any stocks mentioned, but may initiate a long position in MM over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.