Vulcan Capital Venture Capital Unloads 113,500 Shares of Audience Stock (ADNC)
Audience (NASDAQ:ADNC) major shareholder Vulcan Capital Venture Capital unloaded 113,500 shares of the company’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $11.85, for a total transaction of $1,344,975.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Audience (NASDAQ:ADNC) traded up 1.67% on Tuesday, hitting $12.16. 147,341 shares of the company’s stock traded hands. Audience has a 52-week low of $8.86 and a 52-week high of $13.70. The stock’s 50-day moving average is $12.18 and its 200-day moving average is $11.86. The company’s market cap is $272.0 million.
Audience (NASDAQ:ADNC) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.15) earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was down 23.6% on a year-over-year basis. Analysts expect that Audience will post $-0.22 EPS for the current fiscal year.
A number of analysts have recently weighed in on ADNC shares. 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. 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. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock 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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