Insider Selling: Audience VP Sells 2,000 Shares of Stock (ADNC)
Audience (NASDAQ:ADNC) VP Andrew Micallef unloaded 2,000 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $11.44, for a total transaction of $22,880.00. Following the transaction, the vice president now directly owns 780 shares in the company, valued at approximately $8,923. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
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 assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $12.60.
Shares of Audience (NASDAQ:ADNC) opened at 10.54 on Friday. Audience has a 1-year low of $8.86 and a 1-year high of $13.59. The stock’s 50-day moving average is $12.03 and its 200-day moving average is $11.87. The company’s market cap is $235.8 million.
Audience (NASDAQ:ADNC) last announced its earnings results on Thursday, May 1st. The company reported ($0.15) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.27 earnings per share. Audience’s revenue was down 23.6% compared to the same quarter last year. On average, analysts predict that Audience will post $-0.27 earnings per share for the current fiscal year.
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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