Insider Selling: Andrew Micallef Sells 2,000 Shares of Audience Stock (ADNC)
Audience (NASDAQ:ADNC) VP Andrew Micallef unloaded 2,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $11.44, for a total transaction of $22,880.00. Following the completion of the transaction, the vice president now directly owns 780 shares of the company’s stock, valued at approximately $8,923. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Audience (NASDAQ:ADNC) traded down 0.75% on Wednesday, hitting $10.64. The stock had a trading volume of 116,719 shares. Audience has a one year low of $8.86 and a one year high of $13.59. The stock’s 50-day moving average is $12.09 and its 200-day moving average is $11.88. The company’s market cap is $238.0 million.
Audience (NASDAQ:ADNC) last issued its quarterly 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. On average, analysts predict that Audience will post $-0.27 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ADNC shares. Analysts at Chardan Capital cut their price target on shares of Audience from $15.00 to $13.00 in a research note on Monday. They now have a “buy” rating on the stock. Separately, 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. Finally, 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 investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Audience currently has an average rating of “Hold” and a consensus target price of $12.60.
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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