Insider Selling: Geospace Technologies Corp. VP Unloads 1,000 Shares of Stock (GEOS)
Geospace Technologies Corp. (NASDAQ:GEOS) VP Lacey Rice sold 1,000 shares of Geospace Technologies Corp. stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $75.13, for a total transaction of $75,130.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
GEOS has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Geospace Technologies Corp. (NASDAQ:GEOS) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 15th. They now have a $72.10 price target on the stock. Separately, analysts at Cowen and Company cut their price target on shares of Geospace Technologies Corp. (NASDAQ:GEOS) from $130.00 to $108.00 in a research note to investors on Thursday, August 8th. They now have an “outperform” rating on the stock.
One equities research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $114.02.
Shares of Geospace Technologies Corp. (NASDAQ:GEOS) traded up 1.51% on Wednesday, hitting $77.0075. 79,414 shares of the company’s stock traded hands. Geospace Technologies Corp. has a 1-year low of $54.98 and a 1-year high of $113.73. The stock has a 50-day moving average of $72.13 and a 200-day moving average of $83.58. The company has a market cap of $994.2 million and a P/E ratio of 16.25.
Geospace Technologies Corp. (NASDAQ:GEOS) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.17 by $0.14. The company had revenue of $78.10 million for the quarter, compared to the consensus estimate of $62.43 million. During the same quarter last year, the company posted $0.83 earnings per share. Geospace Technologies Corp.’s revenue was up 41.5% compared to the same quarter last year. Analysts expect that Geospace Technologies Corp. will post $5.39 EPS for the current fiscal year.
Geospace Technologies Corporation, formerly OYO Geospace Corporation, designs and manufactures instruments and equipment used in the acquisition and processing of seismic data, as well as in the characterization and monitoring of producing oil and gas reservoirs.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.