Insider Selling: Universal Electronics EVP Sells 1,130 Shares of Stock (UEIC)
Universal Electronics (NASDAQ:UEIC) EVP Mark S. Kopaskie sold 1,130 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $55.25, for a total value of $62,432.50. Following the sale, the executive vice president now directly owns 13,075 shares of the company’s stock, valued at approximately $722,394. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Universal Electronics (NASDAQ:UEIC) traded up 1.54% during mid-day trading on Thursday, hitting $55.31. 150,435 shares of the company’s stock traded hands. Universal Electronics has a 52 week low of $30.01 and a 52 week high of $55.13. The stock’s 50-day moving average is $50.15 and its 200-day moving average is $43.04. The company has a market cap of $868.4 million and a price-to-earnings ratio of 32.36.
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. On average, analysts predict that Universal Electronics will post $2.48 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 issued a buy rating to the company’s stock. The company presently 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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