Cyberonics VP Sells $254,200 in Stock (CYBX)
Cyberonics (NASDAQ:CYBX) VP Randal Simpson sold 5,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $50.84, for a total transaction of $254,200.00. Following the transaction, the vice president now directly owns 48,285 shares of the company’s stock, valued at approximately $2,454,809. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CYBX shares. Analysts at Zacks reiterated a “neutral” rating on shares of Cyberonics in a research note to investors on Thursday, September 19th. They now have a $53.00 price target on the stock. Separately, analysts at Canaccord Genuity raised their price target on shares of Cyberonics from $51.00 to $57.00 in a research note to investors on Friday, August 23rd. They now have a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $53.50.
Shares of Cyberonics (NASDAQ:CYBX) traded down 1.09% during mid-day trading on Monday, hitting $51.00. The stock had a trading volume of 113,394 shares. Cyberonics has a one year low of $42.31 and a one year high of $56.73. The stock has a 50-day moving average of $52.00 and a 200-day moving average of $49.75. The company has a market cap of $1.394 billion and a price-to-earnings ratio of 30.69.
Cyberonics (NASDAQ:CYBX) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.46 by $0.02. The company had revenue of $67.40 million for the quarter, compared to the consensus estimate of $67.80 million. During the same quarter last year, the company posted $0.38 earnings per share. Cyberonics’s revenue was up 14.3% compared to the same quarter last year. On average, analysts predict that Cyberonics will post $1.96 earnings per share for the current fiscal year.
Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.
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