Share on StockTwits

Cyberonics (NASDAQ:CYBX) CEO Daniel Jeffrey Moore sold 7,000 shares of the company’s stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $59.36, for a total transaction of $415,520.00. Following the completion of the sale, the chief executive officer now directly owns 164,569 shares of the company’s stock, valued at approximately $9,768,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of Cyberonics (NASDAQ:CYBX) traded down 0.97% during mid-day trading on Thursday, hitting $57.97. The stock had a trading volume of 32,220 shares. 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 $60.0 and a 200-day moving average of $63.81. The company has a market cap of $1.546 billion and a price-to-earnings ratio of 29.27.

Cyberonics (NASDAQ:CYBX) last issued its quarterly 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 Zacks reiterated a “neutral” rating on shares of Cyberonics in a research note on Wednesday, July 2nd. They now have a $66.00 price target on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of Cyberonics in a research note on Tuesday, June 24th. They set a “buy” rating and a $65.00 price target on the stock. Finally, 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. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $66.80.

Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.