Insider Selling: Peter B. Santos Unloads 7,000 Shares of Audience Stock (ADNC)
Audience (NASDAQ:ADNC) CEO Peter B. Santos sold 7,000 shares of Audience stock on the open market in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $11.52, for a total transaction of $80,640.00. Following the transaction, the chief executive officer now directly owns 6,499 shares in the company, valued at approximately $74,868. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Audience (NASDAQ:ADNC) opened at 11.64 on Thursday. Audience has a 52 week low of $8.86 and a 52 week high of $16.91. The stock has a 50-day moving average of $11.25 and a 200-day moving average of $11.00. The company has a market cap of $256.2 million and a P/E ratio of 104.00.
Audience (NASDAQ:ADNC) last released its earnings data on Thursday, February 6th. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.13) by $0.02. The company had revenue of $33.60 million for the quarter, compared to the consensus estimate of $32.16 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. The company’s quarterly revenue was down 13.2% on a year-over-year basis. On average, analysts predict that Audience will post $-0.16 earnings per share for the current fiscal year.
Audience, Inc, is a provider of voice and audio solutions that improve voice quality and the user experience in mobile devices.
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