Insider Selling: Mark S. Kopaskie Unloads 19,000 Shares of Universal Electronics Stock (UEIC)
Universal Electronics (NASDAQ:UEIC) EVP Mark S. Kopaskie sold 19,000 shares of Universal Electronics stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $41.20, for a total value of $782,800.00. Following the transaction, the executive vice president now directly owns 10,976 shares of the company’s stock, valued at approximately $452,211. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Universal Electronics (NASDAQ:UEIC) traded up 4.11% during mid-day trading on Wednesday, hitting $43.04. 64,308 shares of the company’s stock traded hands. Universal Electronics has a one year low of $18.50 and a one year high of $43.25. The stock’s 50-day moving average is $36.68 and its 200-day moving average is $35.85. The company has a market cap of $675.9 million and a price-to-earnings ratio of 28.12.
Universal Electronics (NASDAQ:UEIC) last released its earnings data on Thursday, February 20th. The company reported $0.49 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.01. The company had revenue of $136.10 million for the quarter, compared to the consensus estimate of $129.89 million. Analysts expect that Universal Electronics will post $2.30 EPS for the current fiscal year.
A number of analysts have recently weighed in on UEIC shares. Analysts at Zacks upgraded shares of Universal Electronics from a “neutral” rating to an “outperform” rating in a research note on Tuesday, December 31st. They now have a $40.60 price target on the stock. Analysts at Piper Jaffray initiated coverage on shares of Universal Electronics in a research note on Monday, December 9th. They set an “overweight” rating and a $43.00 price target on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Universal Electronics has a consensus rating of “Buy” and an average target price of $39.15.
Universal Electronics Inc develops and manufactures a line of pre-programmed universal wireless remote control products, audio-video accessories, and software that are marketed for home entertainment systems.
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