Insider Selling: Peter Santos Sells 9,000 Shares of Audience Stock (ADNC)
Audience (NASDAQ:ADNC) CEO Peter Santos sold 9,000 shares of Audience stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $12.10, for a total value of $108,900.00. Following the completion of the sale, the chief executive officer now directly owns 3,966 shares in the company, valued at approximately $47,989. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $12.80.
Audience (NASDAQ:ADNC) traded down 0.33% during mid-day trading on Wednesday, hitting $12.07. 81,825 shares of the company’s stock traded hands. Audience has a 1-year low of $6.06 and a 1-year high of $16.91. The stock has a 50-day moving average of $11.31 and a 200-day moving average of $12.94. The company has a market cap of $258.6 million and a price-to-earnings ratio of 18.83.
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. 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.
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