Insider Selling: Scott E. Way Sells 12,000 Shares of LDR Holding Corp Stock (LDRH)
LDR Holding Corp (NASDAQ:LDRH) VP Scott E. Way unloaded 12,000 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $26.76, for a total transaction of $321,120.00. Following the completion of the transaction, the vice president now directly owns 3,333 shares of the company’s stock, valued at approximately $89,191. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on LDRH. 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 investment analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $35.50.
Shares of 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 52 week low of $17.79 and a 52 week 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 issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.09) EPS for the quarter, beating the Thomson Reuters 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. The company’s quarterly revenue was up 30.8% on a year-over-year basis. On average, analysts predict that LDR Holding Corp will post $-0.62 earnings per share for the current fiscal year.
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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