Neonode (NASDAQ:NEON) Director John Ralph Reardon sold 14,678 shares of Neonode stock on the open market in a transaction that occured on Monday, August 12th. The stock was sold at an average price of $7.49, for a total transaction of $109,938.22. Following the transaction, the director now directly owns 147,280 shares of the company’s stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Zacks downgraded shares of Neonode to a “neutral” rating in a research note to investors on Tuesday, July 23rd. They now have a $7.70 price target on the stock.
Neonode (NASDAQ:NEON) traded down 2.28% on Wednesday, hitting $6.85. Neonode has a 1-year low of $3.19 and a 1-year high of $8.84. The stock’s 50-day moving average is currently $7.24. The company’s market cap is $234.5 million.
Neonode (NASDAQ:NEON) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.09). The company had revenue of $1.08 million for the quarter, compared to the consensus estimate of $1.32 million. Analysts expect that Neonode will post $-0.34 EPS for the current fiscal year.
Neonode Inc develops and licenses the next generation of optical multi touch solutions and user interface solutions to Original Equipment Manufacturer (NASDAQ:NEON) and Original Design Manufacturer (ODMs) who embeds the Company’s MultiSensing technology into handheld devices and touch screens that they develop and sell.
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