Cyberonics CFO Sells $81,135 in Stock (CYBX)
Cyberonics (NASDAQ:CYBX) CFO Gregory Browne sold 1,500 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $54.09, for a total transaction of $81,135.00. Following the completion of the sale, the chief financial officer now directly owns 82,442 shares of the company’s stock, valued at approximately $4,459,288. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on CYBX. 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cyberonics has an average rating of “Buy” and a consensus price target of $53.50.
Cyberonics (NASDAQ:CYBX) traded up 2.60% during mid-day trading on Friday, hitting $56.90. 301,255 shares of the company’s stock traded hands. Cyberonics has a 52 week low of $42.31 and a 52 week high of $56.73. The stock has a 50-day moving average of $51.70 and a 200-day moving average of $50.10. The company has a market cap of $1.556 billion and a P/E ratio of 33.01.
Cyberonics (NASDAQ:CYBX) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.48 earnings per share (EPS) for the quarter, beating the 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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