Insider Selling: Barry L. Cox Sells 10,000 Shares of Audience Stock (ADNC)
Audience (NASDAQ:ADNC) Director Barry L. Cox sold 10,000 shares of Audience stock on the open market in a transaction dated Monday, May 12th. The shares were sold at an average price of $11.44, for a total value of $114,400.00. Following the completion of the transaction, the director now directly owns 133,332 shares in the company, valued at approximately $1,525,318. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Audience (NASDAQ:ADNC) traded up 0.78% on Wednesday, hitting $11.60. 88,305 shares of the company’s stock traded hands. Audience has a 1-year low of $8.86 and a 1-year high of $16.48. The stock has a 50-day moving average of $11.97 and a 200-day moving average of $11.41. The company’s market cap is $257.8 million.
Audience (NASDAQ:ADNC) last announced its earnings results on Thursday, May 1st. The company reported ($0.15) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.18) by $0.03. The company had revenue of $36.08 million for the quarter, compared to the consensus estimate of $34.75 million. During the same quarter last year, the company posted $0.27 earnings per share. Audience’s revenue was down 23.6% compared to the same quarter last year. On average, analysts predict that Audience will post $-0.22 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Audience from $14.50 to $17.00 in a research note on Friday, May 2nd. Separately, analysts at Credit Suisse raised their price target on shares of Audience from $10.00 to $11.00 in a research note on Friday, May 2nd. They now have a “neutral” rating on the stock. Finally, analysts at Topeka Capital Markets initiated coverage on shares of Audience in a research note on Monday, March 24th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $13.00.
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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