Cyberonics CFO Gregory H. Browne Unloads 1,500 Shares (CYBX)
Cyberonics (NASDAQ:CYBX) CFO Gregory H. Browne sold 1,500 shares of Cyberonics stock on the open market in a transaction dated Thursday, January 16th. The stock was sold at an average price of $69.32, for a total value of $103,980.00. Following the completion of the sale, the chief financial officer now directly owns 67,942 shares of the company’s stock, valued at approximately $4,709,739. The transaction was disclosed in a legal filing 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 investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $62.00.
Cyberonics (NASDAQ:CYBX) traded down 0.29% on Tuesday, hitting $68.57. 173,668 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’s 50-day moving average is $66.42 and its 200-day moving average is $57.47. The company has a market cap of $1.850 billion and a price-to-earnings ratio of 40.45.
Cyberonics (NASDAQ:CYBX) last issued its quarterly earnings data on Thursday, November 21st. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.