Insider Selling: VOXX International Corp. CEO Sells 6,704 Shares of Stock (VOXX)
VOXX International Corp. (NASDAQ:VOXX) CEO Patrick Lavelle unloaded 6,704 shares of the company’s stock in a transaction dated Wednesday, January 8th. The stock was sold at an average price of $17.00, for a total value of $113,968.00. Following the completion of the sale, the chief executive officer now directly owns 32,673 shares in the company, valued at approximately $555,441. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on VOXX. Analysts at Zacks upgraded shares of VOXX International Corp. from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday, December 11th. They now have a $17.00 price target on the stock. Separately, analysts at Needham & Company initiated coverage on shares of VOXX International Corp. in a research note to investors on Friday, December 6th. They set a “strong-buy” rating and a $23.00 price target on the stock. Finally, analysts at Cowen and Company initiated coverage on shares of VOXX International Corp. in a research note to investors on Tuesday, December 3rd. They set an “outperform” rating and a $21.00 price target on the stock. One research analyst has rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. VOXX International Corp. presently has an average rating of “Buy” and a consensus target price of $19.25.
Shares of VOXX International Corp. (NASDAQ:VOXX) traded down 17.60% on Thursday, hitting $14.00. The stock had a trading volume of 801,121 shares. VOXX International Corp. has a one year low of $8.74 and a one year high of $18.00. The stock’s 50-day moving average is $16. and its 200-day moving average is $14.52. The company has a market cap of $339.9 million and a P/E ratio of 13.43.
VOXX International Corp. (NASDAQ:VOXX) last issued its quarterly earnings data on Wednesday, January 8th. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.50 by $0.13. The company had revenue of $245.80 million for the quarter, compared to the consensus estimate of $250.46 million. During the same quarter last year, the company posted $0.56 earnings per share. VOXX International Corp.’s revenue was up 1.2% compared to the same quarter last year. Analysts expect that VOXX International Corp. will post $0.90 EPS for the current fiscal year.
VOXX International Corporation (NASDAQ:VOXX), formerly Audiovox Corporation, is an international distributor in the accessory, mobile and consumer electronics industries.
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