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pSivida Corp (NASDAQ:PSDV) CEO Paul Ashton sold 7,700 shares of the company’s stock on the open market in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $4.00, for a total value of $30,800.00. Following the sale, the chief executive officer now directly owns 440,741 shares of the company’s stock, valued at approximately $1,762,964. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Separately, analysts at MLV & Co
initiated coverage on shares of pSivida Corp in a research note on Monday, May 5th. They set a “buy” rating and a $6.00 price target on the stock. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $5.43.

pSivida Corp (NASDAQ:PSDV) opened at 4.04 on Friday. pSivida Corp has a 1-year low of $2.28 and a 1-year high of $5.60. The stock has a 50-day moving average of $3.75 and a 200-day moving average of $3.95. The company’s market cap is $118.2 million.

pSivida Corp (NASDAQ:PSDV) last announced its earnings results on Tuesday, May 13th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.12. The company had revenue of $2.00 million for the quarter, compared to the consensus estimate of $0.55 million. Analysts expect that pSivida Corp will post $-0.69 EPS for the current fiscal year.

pSivida Corp. develops drug delivery products that are administered by implantation, injection or insertion.

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