AeroVironment COO Tom Herring Unloads 2,587 Shares (AVAV)
AeroVironment (NASDAQ:AVAV) COO Tom Herring sold 2,587 shares of the stock on the open market in a transaction dated Monday, September 16th. The stock was sold at an average price of $23.29, for a total transaction of $60,251.23. Following the completion of the sale, the chief operating officer now directly owns 24,800 shares in the company. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
AVAV has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. raised their price target on shares of AeroVironment (NASDAQ:AVAV) to $23.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Separately, analysts at Benchmark Co. raised their price target on shares of AeroVironment (NASDAQ:AVAV) from $24.00 to $26.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Finally, analysts at Benchmark Co. reiterated a “buy” rating on shares of AeroVironment (NASDAQ:AVAV) in a research note to investors on Wednesday, August 28th.
Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $17.05.
AeroVironment (NASDAQ:AVAV) traded down 0.69% during mid-day trading on Wednesday, hitting $22.94. The stock had a trading volume of 174,373 shares. AeroVironment has a 1-year low of $16.98 and a 1-year high of $24.64. The stock’s 50-day moving average is $22.66 and its 200-day moving average is $20.52. The company has a market cap of $510.1 million and a price-to-earnings ratio of 111.06.
AeroVironment (NASDAQ:AVAV) last issued its quarterly earnings data on Tuesday, August 27th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by $0.25. The company had revenue of $44.12 million for the quarter, compared to the consensus estimate of $43.78 million. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s revenue for the quarter was down 24.8% on a year-over-year basis. Analysts expect that AeroVironment will post $0.28 EPS for the current fiscal year.
AeroVironment, Inc designs, develops, produces and supports a portfolio of products and services. The Company operates in two segments: Unmanned Aircraft Systems (NASDAQ:AVAV) and Efficient Energy Systems (EES).
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