NeoPhotonics Corp CFO Ray Wallin Buys 18,500 Shares (NPTN)
NeoPhotonics Corp (NASDAQ:NPTN) CFO Ray Wallin bought 18,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average cost of $2.79 per share, with a total value of $51,615.00. Following the completion of the transaction, the chief financial officer now directly owns 18,500 shares of the company’s stock, valued at approximately $51,615. The purchase was disclosed in a legal filing with the SEC, which is available at this link.
NeoPhotonics Corp (NASDAQ:NPTN) traded down 3.24% during mid-day trading on Friday, hitting $2.69. 87,827 shares of the company’s stock traded hands. NeoPhotonics Corp has a 52 week low of $2.20 and a 52 week high of $8.50. The stock has a 50-day moving average of $3.29 and a 200-day moving average of $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) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.20) by $0.04. During the same quarter in the previous year, the company posted ($0.11) earnings per share. Analysts expect that NeoPhotonics Corp will post $-0.69 EPS 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. The company currently has an average 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.
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