Chyronhego Corp Shares Gap Up on Insider Buying Activity (CHYR)
Chyronhego Corp (NASDAQ:CHYR)’s share price gapped up before the market opened on Wednesday after an insider bought additional shares in the company, AR Network reports. The stock had previously closed at $2.14, but opened at $2.17. Chyronhego Corp shares last traded at $2.36, with a volume of 28,272 shares.
Specifically, Director Susan Clark Johnson purchased 15,000 shares of the company’s stock in a transaction dated Tuesday, May 20th. The shares were purchased at an average cost of $2.14 per share, for a total transaction of $32,100.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CHYR. Analysts at Zacks downgraded shares of Chyronhego Corp from an “outperform” rating to an “underperform” rating in a research note on Wednesday, May 14th. They now have a $2.10 price target on the stock. Separately, analysts at Dougherty & Co reiterated a “buy” rating on shares of Chyronhego Corp in a research note on Friday, May 9th.
The stock has a 50-day moving average of $2.48 and a 200-day moving average of $2.45. The company’s market cap is $71.3 million.
Chyronhego Corp (NASDAQ:CHYR) last announced its earnings results on Friday, May 9th. The company reported ($0.10) EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.01 by $0.11. The company had revenue of $12.60 million for the quarter, compared to the consensus estimate of $12.98 million. On average, analysts predict that Chyronhego Corp will post $0.06 earnings per share for the current fiscal year.
ChyronHego Corporation, formerly Chyron Corporation, is a provider of graphics as a service for on-air and digital video applications including newsrooms, studios, sports broadcasting facilities, and corporate video environments.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.