IDT (NYSE:IDT) Director Judah Schorr Sells 6,036 Shares of Stock

Key Points

  • Director Judah Schorr sold 13,753 IDT shares across October 14–15 for approximately $1.12 million, reducing his direct ownership by about 11.6%.
  • IDT shares recently traded near their 12-month high at $80.81, above both the 50-day and 200-day moving averages. Analysts remain favorable, with a consensus “Moderate Buy” rating and an $85 average price target.
  • Quarterly revenue of $338.98 million exceeded expectations, though adjusted earnings of $0.94 per share missed estimates. IDT also paid a $0.07 quarterly dividend, equivalent to a modest 0.3% yield.

IDT Corporation (NYSE:IDT - Get Free Report) Director Judah Schorr sold 6,036 shares of IDT stock in a transaction on Wednesday, October 14th. The shares were sold at an average price of $81.76, for a total value of $493,503.36. Following the completion of the sale, the director owned 116,389 shares in the company, valued at $9,515,964.64. This represents a 4.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Judah Schorr also recently made the following trade(s):

  • On Thursday, October 15th, Judah Schorr sold 7,717 shares of IDT stock. The shares were sold at an average price of $81.57, for a total value of $629,475.69.

IDT Stock Performance

Shares of IDT stock traded down $1.43 during trading hours on Friday, hitting $80.81. The company's stock had a trading volume of 191,554 shares, compared to its average volume of 414,039. IDT Corporation has a twelve month low of $46.48 and a twelve month high of $83.19. The firm has a fifty day moving average of $71.67 and a 200-day moving average of $61.45. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 23.29 and a beta of 0.60.

IDT (NYSE:IDT - Get Free Report) last released its quarterly earnings results on Monday, September 28th. The utilities provider reported $0.94 earnings per share for the quarter, missing analysts' consensus estimates of $0.98 by ($0.04). The business had revenue of $338.98 million for the quarter, compared to analysts' expectations of $319.00 million. IDT had a return on equity of 24.22% and a net margin of 6.67%. On average, sell-side analysts expect that IDT Corporation will post 3.86 earnings per share for the current fiscal year.

IDT Dividend Announcement




The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Monday, October 5th were given a $0.07 dividend. The ex-dividend date of this dividend was Monday, October 5th. This represents a $0.28 dividend on an annualized basis and a yield of 0.3%. IDT's dividend payout ratio is presently 8.07%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of IDT from a "hold (c+)" rating to a "buy (b)" rating in a research note on Tuesday, October 6th. Freedom Broker lifted their price target on shares of IDT from $75.00 to $85.00 and gave the company a "buy" rating in a research report on Wednesday, September 30th. Finally, Zacks Research raised shares of IDT to a "hold" rating in a research note on Monday, October 5th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $85.00.

Get Our Latest Stock Report on IDT

Key Headlines Impacting IDT

Here are the key news stories impacting IDT this week:

  • Positive Sentiment: Analyst sentiment remains favorable: Freedom Broker raised its price target to $85 and maintained a Buy rating, while Weiss Ratings upgraded IDT to Buy. The stock has a consensus rating of Moderate Buy and an $85 average price target. IDT insider trading and analyst coverage
  • Positive Sentiment: Institutional ownership is substantial at approximately 59%, with several investment firms recently establishing positions. IDT also continues to pay a quarterly dividend of $0.07, although its approximately 0.3% yield is modest. IDT institutional ownership and dividend information
  • Neutral Sentiment: Norman Wright, a prominent attorney and former IDT chairman, died. The report did not indicate any current management, strategic or financial impact on IDT. Report on Norman Wright
  • Negative Sentiment: Director Judah Schorr sold 13,753 shares across October 14–15 for approximately $1.12 million, reducing his direct ownership by roughly 11.6% across the two transactions. SEC filing for Judah Schorr transactions
  • Negative Sentiment: Chief Accounting Officer Mitch Silberman sold a combined 3,132 shares on October 13 and 15 for approximately $254,700. Multiple insider sales near recent highs can weigh on investor sentiment, particularly after IDT’s strong run above its 50- and 200-day moving averages. SEC filing for Mitch Silberman transactions

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Integrated Wealth Concepts LLC purchased a new stake in IDT during the 2nd quarter worth approximately $25,000. Nykredit A S purchased a new position in IDT in the 2nd quarter valued at approximately $32,000. Allworth Financial LP boosted its position in IDT by 531.1% in the 2nd quarter. Allworth Financial LP now owns 568 shares of the utilities provider's stock valued at $33,000 after buying an additional 478 shares during the period. Corient Private Wealth LP purchased a new position in IDT in the 2nd quarter valued at approximately $252,000. Finally, Entropy Technologies LP acquired a new position in shares of IDT in the first quarter worth $264,000. Institutional investors and hedge funds own 59.34% of the company's stock.

About IDT

(Get Free Report)

IDT Corporation (NYSE: IDT) is a telecommunications and fintech company founded in 1990 by Howard Jonas. The company began as an international long-distance provider and has expanded into consumer communications, payment services and technology solutions for businesses and independent retailers.

Through its BOSS Revolution brand, IDT offers international calling, prepaid wireless services, mobile airtime and data top-ups, and international money-transfer services. Its communications operations also provide wholesale voice services and related connectivity solutions to carriers and other communications providers in markets worldwide.

IDT's National Retail Solutions business provides independent retailers with point-of-sale technology, payment processing, business services and related tools.

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