Insider Selling: Peter Santos Sells 4,000 Shares of Audience Stock (ADNC)
Audience (NASDAQ:ADNC) CEO Peter Santos unloaded 4,000 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $12.01, for a total value of $48,040.00. Following the completion of the transaction, the chief executive officer now directly owns 3,966 shares in the company, valued at approximately $47,632. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Audience (NASDAQ:ADNC) traded up 5.42% on Wednesday, hitting $12.25. The stock had a trading volume of 272,436 shares. Audience has a 52-week low of $5.55 and a 52-week high of $16.91. The stock has a 50-day moving average of $11.05 and a 200-day moving average of $13.03. The company has a market cap of $262.4 million and a price-to-earnings ratio of 18.07.
Audience (NASDAQ:ADNC) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.08. The company had revenue of $45.30 million for the quarter, compared to the consensus estimate of $44.94 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. On average, analysts predict that Audience will post $0.36 earnings per share for the current fiscal year.
ADNC has been the subject of a number of recent research reports. Analysts at Chardan Capital upgraded shares of Audience from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $15.00 price target on the stock, up previously from $9.00. Separately, analysts at TheStreet upgraded shares of Audience from a “sell” rating to a “hold” rating in a research note to investors on Thursday, September 26th. Finally, analysts at TheStreet downgraded shares of Audience from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $12.80.
Audience, Inc, is a provider of voice and audio solutions that improve voice quality and the user experience in mobile devices.
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