Insider Selling: Universal Electronics EVP Sells 15,000 Shares of Stock (UEIC)
Universal Electronics (NASDAQ:UEIC) EVP Paul J. Bennett sold 15,000 shares of Universal Electronics stock on the open market in a transaction dated Monday, May 19th. The shares were sold at an average price of $40.17, for a total value of $602,550.00. Following the completion of the transaction, the executive vice president now directly owns 56,515 shares in the company, valued at approximately $2,270,208. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at Zacks upgraded shares of Universal Electronics from a “neutral” rating to an “outperform” rating in a research note on Monday, April 14th. They now have a $44.80 price target on the stock.
Shares of Universal Electronics (NASDAQ:UEIC) traded down 0.74% during mid-day trading on Tuesday, hitting $40.22. 150,464 shares of the company’s stock traded hands. Universal Electronics has a 1-year low of $25.83 and a 1-year high of $45.24. The stock has a 50-day moving average of $37.64 and a 200-day moving average of $37.98. The company has a market cap of $640.0 million and a P/E ratio of 26.47.
Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, May 1st. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.05. The company had revenue of $129.80 million for the quarter, compared to the consensus estimate of $123.21 million. During the same quarter in the previous year, the company posted $0.26 earnings per share. The company’s revenue for the quarter was up 13.2% on a year-over-year basis. Analysts expect that Universal Electronics will post $2.35 EPS for the current fiscal year.
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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