Insider Buying: NeoPhotonics Corp VP Buys 10,000 Shares of Stock (NPTN)
NeoPhotonics Corp (NASDAQ:NPTN) VP Benjamin Lee Sitler bought 10,000 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average cost of $2.72 per share, for a total transaction of $27,200.00. Following the completion of the transaction, the vice president now directly owns 66,482 shares of the company’s stock, valued at approximately $180,831. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
NeoPhotonics Corp (NASDAQ:NPTN) traded down 3.24% on Friday, hitting $2.69. 87,827 shares of the company’s stock traded hands. NeoPhotonics Corp has a one year low of $2.20 and a one year high of $8.50. The stock’s 50-day moving average is $3.29 and its 200-day moving average is $5.54. The company’s market cap is $87.6 million.
NeoPhotonics Corp (NASDAQ:NPTN) last released its earnings data on Thursday, August 7th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.20) by $0.04. During the same quarter in the prior year, the company posted ($0.11) earnings per share. Analysts expect that NeoPhotonics Corp will post $-0.69 EPS for the current fiscal year.
A number of research firms have recently commented on NPTN. 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. NeoPhotonics Corp presently has an average rating of “Hold” and a consensus target price 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.
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