Insider Selling: Henri Broekmate Unloads 25,000 Shares of Lionbridge Technologies Stock (LIOX)
Lionbridge Technologies (NASDAQ:LIOX) SVP Henri Broekmate sold 25,000 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $5.54, for a total transaction of $138,500.00. Following the completion of the sale, the senior vice president now directly owns 395,089 shares of the company’s stock, valued at approximately $2,188,793. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Feltl & Co. upgraded shares of Lionbridge Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 9th. They now have a $8.00 price target on the stock. Separately, analysts at B. Riley upgraded shares of Lionbridge Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, May 9th. They now have a $6.50 price target on the stock.
Shares of Lionbridge Technologies (NASDAQ:LIOX) traded up 0.71% during mid-day trading on Friday, hitting $5.65. The stock had a trading volume of 337,351 shares. Lionbridge Technologies has a 52 week low of $2.81 and a 52 week high of $7.50. The stock has a 50-day moving average of $5.7 and a 200-day moving average of $6.11. The company has a market cap of $340.2 million and a P/E ratio of 21.09. Lionbridge Technologies also was the recipient of a large increase in short interest during the month of May. As of May 15th, there was short interest totalling 1,739,379 shares, an increase of 40.0% from the April 30th total of 1,242,438 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily volume of 648,638 shares, the short-interest ratio is presently 2.7 days.
Lionbridge Technologies (NASDAQ:LIOX) last announced its earnings results on Thursday, May 8th. The company reported $0.08 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.05 by $0.03. The company had revenue of $120.72 million for the quarter, compared to the consensus estimate of $121.72 million. Lionbridge Technologies’s revenue was up 5.7% compared to the same quarter last year. On average, analysts predict that Lionbridge Technologies will post $0.27 earnings per share for the current fiscal year.
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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