FARO Technologies Director Sells $454,762 in Stock (FARO)
FARO Technologies (NASDAQ:FARO) Director Lynn Brubaker unloaded 7,949 shares of the company’s stock on the open market in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $57.21, for a total value of $454,762.29. Following the completion of the sale, the director now directly owns 3,643 shares in the company, valued at approximately $208,416. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on FARO shares. Analysts at Zacks downgraded shares of FARO Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Thursday. They now have a $63.80 price target on the stock. Separately, analysts at Stifel Nicolaus downgraded shares of FARO Technologies from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, November 12th. They now have a $50.00 price target on the stock. Five research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus target price of $50.93.
Shares of FARO Technologies (NASDAQ:FARO) traded down 0.55% during mid-day trading on Friday, hitting $56.29. 65,476 shares of the company’s stock traded hands. FARO Technologies has a 52-week low of $31.10 and a 52-week high of $60.91. The stock’s 50-day moving average is $54.95 and its 200-day moving average is $43.35. The company has a market cap of $963.3 million and a P/E ratio of 46.05.
FARO Technologies (NASDAQ:FARO) last released its earnings data on Thursday, October 31st. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.21 by $0.08. The company had revenue of $68.20 million for the quarter, compared to the consensus estimate of $66.27 million. During the same quarter last year, the company posted $0.21 earnings per share. FARO Technologies’s revenue was up 12.4% compared to the same quarter last year.
FARO Technologies, Inc designs, develops, manufactures, markets and supports portable, software driven, three-dimensional (NASDAQ:FARO) measurement and imaging systems used in a range of manufacturing, industrial, building construction and forensic applications.
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