Insider Selling: Mark S. Kopaskie Sells 1,771 Shares of Universal Electronics Stock (UEIC)
Universal Electronics (NASDAQ:UEIC) EVP Mark S. Kopaskie unloaded 1,771 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $53.27, for a total transaction of $94,341.17. Following the completion of the sale, the executive vice president now directly owns 13,075 shares of the company’s stock, valued at approximately $696,505. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Universal Electronics (NASDAQ:UEIC) traded up 3.08% during mid-day trading on Monday, hitting $54.57. 169,386 shares of the company’s stock traded hands. Universal Electronics has a one year low of $30.01 and a one year high of $55.09. The stock’s 50-day moving average is $49.65 and its 200-day moving average is $42.59. The company has a market cap of $856.7 million and a price-to-earnings ratio of 31.46.
Universal Electronics (NASDAQ:UEIC) last announced its earnings results on Thursday, August 7th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.05. The company had revenue of $146.32 million for the quarter, compared to the consensus estimate of $145.26 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. Analysts expect that Universal Electronics will post $2.48 EPS for the current fiscal year.
A number of research firms have recently commented on UEIC. Analysts at Dougherty & Co raised their price target on shares of Universal Electronics from $47.00 to $60.00 in a research note on Friday, August 8th. They now have a “buy” rating on the stock. Separately, analysts at Avondale Partners upgraded shares of Universal Electronics from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 15th. Finally, analysts at B. Riley downgraded shares of Universal Electronics from a “buy” rating to a “neutral” rating in a research note on Monday, June 2nd. They now have a $45.75 price target on the stock, down previously from $47.00. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Universal Electronics has an average rating of “Buy” and an average target price of $49.58.
Universal Electronics Inc develops and manufactures a line of pre-programmed universal wireless remote control products, audio-video accessories, and software that are marketed for home entertainment systems.
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