Cyberonics CEO Sells $425,180 in Stock (CYBX)
Cyberonics (NASDAQ:CYBX) CEO Daniel Jeffrey Moore unloaded 7,000 shares of Cyberonics stock on the open market in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $60.74, for a total transaction of $425,180.00. Following the transaction, the chief executive officer now directly owns 161,569 shares of the company’s stock, valued at approximately $9,813,701. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on CYBX. Analysts at Sterne Agee initiated coverage on shares of Cyberonics in a research note on Tuesday, June 24th. They set a “buy” rating and a $65.00 price target on the stock. Separately, analysts at Jefferies Group reiterated a “buy” rating on shares of Cyberonics in a research note on Tuesday, June 10th. They now have a $70.00 price target on the stock, down previously from $80.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Cyberonics in a research note on Thursday, June 5th. They now have a $70.00 price target on the stock, down previously from $85.00. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $67.00.
Cyberonics (NASDAQ:CYBX) traded up 1.00% during mid-day trading on Tuesday, hitting $62.42. The stock had a trading volume of 151,032 shares. Cyberonics has a 52 week low of $49.65 and a 52 week high of $73.52. The stock has a 50-day moving average of $60.1 and a 200-day moving average of $62.64. The company has a market cap of $1.665 billion and a P/E ratio of 30.90.
Cyberonics (NASDAQ:CYBX) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.01. The company had revenue of $74.80 million for the quarter, compared to the consensus estimate of $76.70 million. During the same quarter in the previous year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. On average, analysts predict that Cyberonics will post $2.36 earnings per share for the current fiscal year.
Cyberonics, Inc (NASDAQ:CYBX) is a medical device company.
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