Insider Selling: Audience major shareholder Sells 117,337 Shares of Stock (ADNC)
Audience (NASDAQ:ADNC) major shareholder Vulcan Capital Venture Capital unloaded 117,337 shares of Audience stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $12.79, for a total value of $1,500,740.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Audience (NASDAQ:ADNC) traded up 1.47% on Wednesday, hitting $12.41. 49,233 shares of the company’s stock traded hands. Audience has a one year low of $8.86 and a one year high of $14.39. The stock has a 50-day moving average of $11.91 and a 200-day moving average of $11.65. The company’s market cap is $277.6 million.
Audience (NASDAQ:ADNC) last released its earnings data on Thursday, May 1st. The company reported ($0.15) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down 23.6% on a year-over-year basis. Analysts expect that Audience will post $-0.22 EPS 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Audience presently 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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