Favorable Press Coverage Somewhat Unlikely to Impact Wageworks (WAGE) Share Price

News stories about Wageworks (NYSE:WAGE) have trended positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Wageworks earned a coverage optimism score of 0.30 on Accern’s scale. Accern also gave news articles about the business services provider an impact score of 46.333623015543 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

WAGE has been the subject of several recent research reports. Zacks Investment Research cut Wageworks from a “strong-buy” rating to a “hold” rating in a research report on Saturday, January 13th. ValuEngine raised Wageworks from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price objective (down from $85.00) on shares of Wageworks in a research report on Thursday, November 9th. Finally, BidaskClub cut Wageworks from a “sell” rating to a “strong sell” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Wageworks currently has an average rating of “Hold” and an average target price of $79.75.

Wageworks (WAGE) opened at $57.00 on Tuesday. Wageworks has a 52-week low of $54.45 and a 52-week high of $80.50. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2,260.00, a P/E ratio of 48.72, a P/E/G ratio of 2.55 and a beta of 0.75.

In related news, Director John William Larson sold 30,500 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $63.76, for a total transaction of $1,944,680.00. Following the completion of the transaction, the director now directly owns 42,930 shares of the company’s stock, valued at $2,737,216.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.54% of the company’s stock.

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Wageworks Company Profile

WageWorks, Inc is engaged in administering Consumer-Directed Benefits (CDBs). The Company administers CBDs, including pre-tax spending accounts, such as Health Savings Accounts (HSAs), health and dependent care Flexible Spending Accounts (FSAs), and Health Reimbursement Arrangements (HRAs), as well as Commuter Benefit Services, including transit and parking programs, wellness programs, Consolidated Omnibus Budget Reconciliation Act (COBRA) and other employee benefits.

Insider Buying and Selling by Quarter for Wageworks (NYSE:WAGE)

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