Insider Selling: Barry Cox Unloads 10,000 Shares of Audience Stock (ADNC)
Audience (NASDAQ:ADNC) Director Barry Cox sold 10,000 shares of the stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $12.15, for a total transaction of $121,500.00. Following the completion of the sale, the director now directly owns 133,332 shares of the company’s stock, valued at approximately $1,619,984. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
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, October 8th. 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 company. The company has a consensus rating of “Buy” and a consensus target price of $12.80.
Audience (NASDAQ:ADNC) traded down 0.16% during mid-day trading on Tuesday, hitting $12.11. 50,934 shares of the company’s stock traded hands. Audience has a one year low of $5.77 and a one year high of $16.91. The stock’s 50-day moving average is $11.26 and its 200-day moving average is $12.9. The company has a market cap of $259.4 million and a P/E ratio of 18.86.
Audience (NASDAQ:ADNC) last released its earnings data on Thursday, August 1st. The company reported $0.24 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.24 earnings per share. Audience’s revenue was up 35.6% compared to the same quarter last year. Analysts expect that Audience will post $0.36 EPS for the current fiscal year.
Audience, Inc, is a provider of voice and audio solutions that improve voice quality and the user experience in mobile devices.
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.