BELLEVUE, WA—Peter Osvaldik, Executive Vice President and Chief Financial Officer of T-Mobile US, Inc. (NASDAQ:TMUS), recently sold 20,000 shares of the company's common stock. The transaction, which took place on October 25, 2024, was executed at a price of $233.55 per share, resulting in a total sale value of approximately $4.67 million.
Following this transaction, Osvaldik retains ownership of 61,307 shares of T-Mobile stock. This sale was conducted as part of a routine Form 4 filing with the Securities and Exchange Commission.
Investors often closely monitor insider transactions like these to gauge the confidence of company executives in the future performance of their firm.
In other recent news, T-Mobile US has seen significant analyst attention following robust earnings and revenue growth. Raymond James recently downgraded T-Mobile's stock from Outperform to Market Perform, citing a reassessment of the stock's valuation after a recent price surge. In contrast, several other firms have maintained or raised their ratings. Bernstein SocGen Group maintained its Outperform rating and $220.00 price target, highlighting the company's strong performance, including service revenue and core adjusted EBITDA exceeding consensus estimates.
Oppenheimer raised T-Mobile's price target to $250, emphasizing the company's service revenue growth of 5.1%, surpassing their estimate of 4.9%. The firm also noted a significant addition of 865,000 postpaid phone net subscribers, exceeding expectations. Scotiabank, while maintaining a Sector Perform rating, increased its price target for T-Mobile from $236.00 to $237.00, following T-Mobile's announcement of a strong quarter.
Benchmark raised its price target for T-Mobile to $255 in response to strong third-quarter results and positive guidance revisions. TD Cowen increased T-Mobile's price target to $250, prompted by the mobile carrier's strong performance, exceeding expectations on EBITDA, revenue, and free cash flow. These recent developments underscore T-Mobile's robust operational results and its potential for continued growth in the telecommunications industry.
InvestingPro Insights
As T-Mobile's CFO Peter Osvaldik sells a portion of his shares, it's worth noting that the company's stock has been performing exceptionally well. According to InvestingPro data, T-Mobile has seen a remarkable 65.25% price total return over the past year, and is currently trading near its 52-week high at 96.37% of that peak.
Despite the insider sale, several InvestingPro Tips suggest a positive outlook for T-Mobile. The company is trading at a low P/E ratio relative to its near-term earnings growth, with a PEG ratio of 0.7 for the last twelve months as of Q3 2024. This indicates that the stock may still be undervalued compared to its growth prospects.
Furthermore, T-Mobile has demonstrated strong financial performance, with a revenue of $80.01 billion and an EBITDA growth of 8.41% over the last twelve months. The company's operating income margin stands at a healthy 21.74%, reflecting efficient operations.
For investors seeking more comprehensive analysis, InvestingPro offers 11 additional tips for T-Mobile, providing a deeper understanding of the company's financial health and market position.
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