Insider Selling: LDR Holding Corp COO Sells 19,258 Shares of Stock (LDRH)
LDR Holding Corp (NASDAQ:LDRH) COO James Burrows unloaded 19,258 shares of LDR Holding Corp stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $26.59, for a total value of $512,070.22. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
LDR Holding Corp (NASDAQ:LDRH) traded up 4.24% during mid-day trading on Friday, hitting $27.07. The stock had a trading volume of 472,620 shares. LDR Holding Corp has a 1-year low of $17.79 and a 1-year high of $40.39. The stock’s 50-day moving average is $23.63 and its 200-day moving average is $26.66. The company’s market cap is $702.9 million.
LDR Holding Corp (NASDAQ:LDRH) last released its earnings data on Wednesday, August 6th. The company reported ($0.09) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.14) by $0.05. The company had revenue of $34.80 million for the quarter, compared to the consensus estimate of $31.14 million. LDR Holding Corp’s revenue was up 30.8% compared to the same quarter last year. On average, analysts predict that LDR Holding Corp will post $-0.62 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray raised their price target on shares of LDR Holding Corp from $38.00 to $40.00 in a research note on Thursday, August 7th. They now have an “overweight” rating on the stock. Analysts at RBC Capital initiated coverage on shares of LDR Holding Corp in a research note on Monday, June 23rd. They set an “outperform” rating and a $34.00 price target on the stock. Five research analysts have rated the stock with a buy rating, LDR Holding Corp currently has an average rating of “Buy” and an average target price of $35.50.
LDR Holding Corporation is a global medical device company focused on designing and commercializing novel and surgical technologies for the treatment of patients suffering from spine disorders.
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