Insider Selling: Edward Bradley Sells 7,198 Shares of Neogen Stock (NEOG)
Neogen (NASDAQ:NEOG) VP Edward Bradley sold 7,198 shares of the company’s stock on the open market in a transaction dated Monday, August 25th. The stock was sold at an average price of $43.39, for a total value of $312,321.22. Following the sale, the vice president now directly owns 182,530 shares in the company, valued at approximately $7,919,977. The sale was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on NEOG shares. Analysts at Cowen and Company initiated coverage on shares of Neogen in a research note on Monday, August 11th. They set a “market perform” rating and a $39.00 price target on the stock. Separately, analysts at Stephens upgraded shares of Neogen from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, July 23rd. Finally, analysts at Craig Hallum upgraded shares of Neogen from a “hold” rating to a “buy” rating in a research note on Wednesday, July 23rd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Neogen presently has a consensus rating of “Buy” and a consensus target price of $46.00.
Neogen (NASDAQ:NEOG) traded down 1.78% on Wednesday, hitting $41.94. 126,782 shares of the company’s stock traded hands. Neogen has a 52 week low of $35.50 and a 52 week high of $51.22. The stock has a 50-day moving average of $42.77 and a 200-day moving average of $41.70. The company has a market cap of $1.541 billion and a price-to-earnings ratio of 56.18.
Neogen (NASDAQ:NEOG) last released its earnings data on Tuesday, July 22nd. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02. The company had revenue of $67.30 million for the quarter, compared to the consensus estimate of $66.36 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 20.2% on a year-over-year basis. On average, analysts predict that Neogen will post $0.93 earnings per share for the current fiscal year.
Neogen Corporation (NASDAQ:NEOG) together with its subsidiaries, develops, manufactures, and markets a diverse line of products dedicated to food and animal safety.
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