Lionbridge Technologies CEO Sells $86,550 in Stock (LIOX)
Lionbridge Technologies (NASDAQ:LIOX) CEO Rory J. Cowan sold 15,000 shares of Lionbridge Technologies stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $5.77, for a total value of $86,550.00. Following the completion of the transaction, the chief executive officer now directly owns 3,854,189 shares in the company, valued at approximately $22,238,671. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Lionbridge Technologies (NASDAQ:LIOX) traded up 1.67% during mid-day trading on Thursday, hitting $6.10. 195,096 shares of the company’s stock traded hands. Lionbridge Technologies has a 52 week low of $2.16 and a 52 week high of $7.50. The stock’s 50-day moving average is $6.66 and its 200-day moving average is $5.74. The company has a market cap of $359.4 million and a P/E ratio of 31.58.
Lionbridge Technologies (NASDAQ:LIOX) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.18 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.13. The company had revenue of $127.50 million for the quarter, compared to the consensus estimate of $121.70 million. During the same quarter last year, the company posted $0.10 earnings per share. Lionbridge Technologies’s revenue was up 12.0% compared to the same quarter last year. On average, analysts predict that Lionbridge Technologies will post $0.25 earnings per share for the current fiscal year.
A number of research firms have recently commented on LIOX. Analysts at Feltl & Co. initiated coverage on shares of Lionbridge Technologies in a research note on Thursday, March 27th. They set a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Lionbridge Technologies from an “outperform” rating to a “neutral” rating in a research note on Thursday, March 6th. They now have a $7.90 price target on the stock. Finally, analysts at Zacks upgraded shares of Lionbridge Technologies from a “neutral” rating to an “outperform” rating in a research note on Wednesday, February 5th. They now have a $7.20 price target on the stock. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $5.53.
Lionbridge Technologies, Inc (NASDAQ:LIOX), is a provider of language, content and testing solutions that enable clients to optimize, release, manage, test and maintain their technology applications and content in global markets.
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