Insider Buying: Benjamin L. Scott Buys 7,000 Shares of Mavenir Systems Stock (MVNR)
Mavenir Systems (NASDAQ:MVNR) Director Benjamin L. Scott acquired 7,000 shares of Mavenir Systems stock in a transaction that occurred on Monday, August 11th. The shares were purchased at an average cost of $10.76 per share, with a total value of $75,320.00. Following the completion of the acquisition, the director now directly owns 7,000 shares in the company, valued at approximately $75,320. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
MVNR has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus initiated coverage on shares of Mavenir Systems in a research note on Monday. They set a “buy” rating and a $15.00 price target on the stock. Analysts at Cowen and Company initiated coverage on shares of Mavenir Systems in a research note on Monday. They set an “outperform” rating and a $21.00 price target on the stock. Four equities research analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus price target of $16.00.
Shares of Mavenir Systems (NASDAQ:MVNR) traded up 0.09% on Tuesday, hitting $10.74. The stock had a trading volume of 111,683 shares. Mavenir Systems has a 1-year low of $8.50 and a 1-year high of $18.78. The stock’s 50-day moving average is $13.26 and its 200-day moving average is $14.46. The company’s market cap is $265.2 million.
Mavenir Systems (NASDAQ:MVNR) last announced its earnings results on Monday, July 28th. The company reported ($0.04) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.11) by $0.07. The company had revenue of $33.30 million for the quarter, compared to the consensus estimate of $30.05 million. The company’s quarterly revenue was up 29.1% on a year-over-year basis. On average, analysts predict that Mavenir Systems will post $-0.15 earnings per share for the current fiscal year.
Mavenir Systems, Inc, (NASDAQ:MVNR) is a provider of software-based telecommunications networking solutions.
Receive News & Ratings for Mavenir Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mavenir Systems and related companies with Analyst Ratings Network's FREE daily email newsletter.