Insider Selling: Sophiris Bio Director Sells 19,231 Shares of Stock (SPHS)
Sophiris Bio (NASDAQ:SPHS) Director James L. Heppell unloaded 19,231 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $2.59, for a total transaction of $49,808.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Sophiris Bio (NASDAQ:SPHS) traded up 1.02% during mid-day trading on Tuesday, hitting $2.5256. 750 shares of the company’s stock traded hands. Sophiris Bio has a 52-week low of $2.25 and a 52-week high of $17.68. The stock’s 50-day moving average is $3.11 and its 200-day moving average is $3.65. The company’s market cap is $40.8 million.
Sophiris Bio (NASDAQ:SPHS) last released its earnings data on Tuesday, May 13th. The company reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.50) by $0.02. On average, analysts predict that Sophiris Bio will post $-1.65 earnings per share for the current fiscal year.
Separately, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Sophiris Bio in a research note on Wednesday, May 14th. They now have a $7.00 price target on the stock, down previously from $9.00.
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