Cyberonics SVP Sells $535,545 in Stock (CYBX)
Cyberonics (NASDAQ:CYBX) SVP Milton Mayo Morris unloaded 9,224 shares of the company’s stock on the open market in a transaction dated Friday, June 20th. The shares were sold at an average price of $58.06, for a total transaction of $535,545.44. Following the transaction, the senior vice president now directly owns 34,146 shares in the company, valued at approximately $1,982,517. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Cyberonics (NASDAQ:CYBX) traded up 1.20% on Tuesday, hitting $59.70. 76,958 shares of the company’s stock traded hands. Cyberonics has a 52 week low of $49.65 and a 52 week high of $73.52. The stock has a 50-day moving average of $59.89 and a 200-day moving average of $64.29. The company has a market cap of $1.592 billion and a price-to-earnings ratio of 29.50.
Cyberonics (NASDAQ:CYBX) last released its earnings data on Wednesday, June 4th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.54 by $0.01. The company had revenue of $74.80 million for the quarter, compared to the consensus estimate of $76.70 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. Analysts expect that Cyberonics will post $2.36 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Sterne Agee initiated coverage on shares of Cyberonics in a research note on Tuesday. They set a “buy” rating and a $65.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Cyberonics in a research note on Tuesday, June 10th. They now have a $70.00 price target on the stock, down previously from $80.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cyberonics in a research note on Thursday, June 5th. They now have a $70.00 price target on the stock, down previously from $85.00. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cyberonics has an average rating of “Buy” and an average price target of $67.40.
Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.
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