NeoPhotonics Corp VP Buys $27,200 in Stock (NPTN)
NeoPhotonics Corp (NASDAQ:NPTN) VP Benjamin Lee Sitler bought 10,000 shares of NeoPhotonics Corp stock on the open market in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $2.72 per share, for a total transaction of $27,200.00. Following the acquisition, the vice president now directly owns 66,482 shares in the company, valued at approximately $180,831. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of NeoPhotonics Corp (NASDAQ:NPTN) traded down 3.24% on Friday, hitting $2.69. The stock had a trading volume of 87,827 shares. NeoPhotonics Corp has a 52 week low of $2.20 and a 52 week high of $8.50. The stock’s 50-day moving average is $3.3 and its 200-day moving average is $5.57. The company’s market cap is $87.6 million.
NeoPhotonics Corp (NASDAQ:NPTN) last announced its earnings results on Thursday, August 7th. The company reported ($0.24) earnings per share for the quarter, missing the analysts’ consensus estimate of ($0.20) by $0.04. During the same quarter last year, the company posted ($0.11) earnings per share. On average, analysts predict that NeoPhotonics Corp will post $-0.69 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray reiterated an “overweight” rating on shares of NeoPhotonics Corp in a research note on Friday, August 8th. They now have a $4.00 price target on the stock, down previously from $5.00. Separately, analysts at Needham & Company LLC cut their price target on shares of NeoPhotonics Corp from $10.00 to $7.00 in a research note on Monday, June 23rd. They now have a “buy” rating on the stock. Finally, analysts at B. Riley reiterated a “buy” rating on shares of NeoPhotonics Corp in a research note on Tuesday, June 17th. They now have a $7.75 price target on the stock, down previously from $9.00. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. NeoPhotonics Corp currently has a consensus rating of “Hold” and an average price target of $5.81.
NeoPhotonics Corporation is a designer and manufacturer of photonic integrated circuit (NASDAQ:NPTN)-based modules and subsystems for bandwidth-intensive, high-speed communications networks.
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.