Insider Selling: Lionbridge Technologies major shareholder Sells $2,554,923 in Stock (LIOX)
Lionbridge Technologies (NASDAQ:LIOX) major shareholder Glenhill Advisors Llc sold 423,702 shares of Lionbridge Technologies stock on the open market in a transaction dated Wednesday, July 2nd. The shares were sold at an average price of $6.03, for a total transaction of $2,554,923.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Lionbridge Technologies (NASDAQ:LIOX) traded up 2.50% on Thursday, hitting $6.16. 224,528 shares of the company’s stock traded hands. Lionbridge Technologies has a one year low of $2.98 and a one year high of $7.50. The stock has a 50-day moving average of $5.73 and a 200-day moving average of $6.12. The company has a market cap of $370.9 million and a price-to-earnings ratio of 22.59. Lionbridge Technologies also was the recipient of a large decrease in short interest during the month of June. As of June 13th, there was short interest totalling 1,197,079 shares, a decrease of 30.1% from the May 30th total of 1,712,056 shares. Currently, 2.0% of the shares of the stock are sold short. Based on an average trading volume of 313,749 shares, the short-interest ratio is currently 3.8 days.
Lionbridge Technologies (NASDAQ:LIOX) last announced its earnings results on Thursday, May 8th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.03. The company had revenue of $120.72 million for the quarter, compared to the consensus estimate of $121.72 million. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. On average, analysts predict that Lionbridge Technologies will post $0.27 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Lionbridge Technologies from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $6.40 price target on the stock. Separately, analysts at Feltl & Co. upgraded shares of Lionbridge Technologies from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 9th. They now have a $8.00 price target on the stock. Finally, analysts at B. Riley upgraded shares of Lionbridge Technologies from a “neutral” rating to a “buy” rating in a research note on Friday, May 9th. They now have a $6.50 price target on the stock.
Lionbridge Technologies, Inc (NASDAQ:LIOX) is a provider of language, content and testing solutions that enable clients to optimize, release, manage, test and maintain their technology applications and content in global markets.
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