Insider Selling: Cyberonics CEO Sells 7,000 Shares of Stock (CYBX)
Cyberonics (NASDAQ:CYBX) CEO Daniel Jeffrey Moore sold 7,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $68.81, for a total transaction of $481,670.00. Following the completion of the transaction, the chief executive officer now directly owns 173,783 shares in the company, valued at approximately $11,958,008. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Cyberonics in a research note to investors on Tuesday, December 24th. They now have a $67.00 price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cyberonics in a research note to investors on Friday, December 6th. They now have a $80.00 price target on the stock, up previously from $71.00. Finally, analysts at Canaccord Genuity raised their price target on shares of Cyberonics from $70.00 to $73.00 in a research note to investors on Friday, December 6th. They now have a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $62.00.
Cyberonics (NASDAQ:CYBX) traded down 0.89% during mid-day trading on Friday, hitting $69.00. 73,078 shares of the company’s stock traded hands. Cyberonics has a one year low of $42.31 and a one year high of $71.93. The stock has a 50-day moving average of $66.35 and a 200-day moving average of $57.35. The company has a market cap of $1.862 billion and a P/E ratio of 40.95.
Cyberonics (NASDAQ:CYBX) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $70.10 million for the quarter, compared to the consensus estimate of $69.54 million. During the same quarter in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. Analysts expect that Cyberonics will post $2.02 EPS for the current fiscal year.
Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.
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