Zacks: Voxx International Corp. (NASDAQ:VOXX) Given $3.00 Average Target Price by Brokerages
Voxx International Corp. (NASDAQ:VOXX) has earned a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a 12-month consensus price target of $3.00 for the company and are forecasting that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given Voxx International Corp. an industry rank of 107 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Voxx International Corp. from a “hold” rating to a “buy” rating and set a $3.00 price objective on the stock in a report on Wednesday, July 20th.
Voxx International Corp. (NASDAQ:VOXX) traded up 2.6357% during midday trading on Wednesday, hitting $2.7609. The stock had a trading volume of 137,517 shares. The company’s market cap is $66.70 million. Voxx International Corp. has a 52 week low of $2.47 and a 52 week high of $8.04. The stock’s 50 day moving average price is $3.04 and its 200-day moving average price is $3.37.
Voxx International Corp. (NASDAQ:VOXX) last announced its earnings results on Monday, July 11th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.10) by $0.08. The firm earned $155.50 million during the quarter. Voxx International Corp. had a positive return on equity of 0.78% and a negative net margin of 0.93%. Voxx International Corp.’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) EPS. Equities research analysts predict that Voxx International Corp. will post $0.26 earnings per share for the current year.
In related news, insider Patrick M. Lavelle acquired 16,154 shares of the company’s stock in a transaction dated Thursday, August 25th. The shares were bought at an average price of $3.04 per share, for a total transaction of $49,108.16. Following the acquisition, the insider now owns 55,299 shares in the company, valued at approximately $168,108.96. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Denise W. Gibson acquired 32,100 shares of the company’s stock in a transaction dated Friday, September 16th. The shares were bought at an average price of $3.13 per share, for a total transaction of $100,473.00. Following the acquisition, the director now owns 20,400 shares in the company, valued at approximately $63,852. The disclosure for this purchase can be found here. Insiders own 17.51% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Springbok Capital Management LLC boosted its stake in Voxx International Corp. by 12.3% in the first quarter. Springbok Capital Management LLC now owns 27,390 shares of the company’s stock worth $122,000 after buying an additional 2,990 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Voxx International Corp. by 28.4% in the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 47,500 shares of the company’s stock worth $133,000 after buying an additional 10,500 shares during the last quarter. Oppenheimer & Co. Inc. boosted its stake in Voxx International Corp. by 95.7% in the second quarter. Oppenheimer & Co. Inc. now owns 54,800 shares of the company’s stock worth $153,000 after buying an additional 26,800 shares during the last quarter. Paloma Partners Management Co acquired a new stake in Voxx International Corp. during the second quarter worth $243,000. Finally, Renaissance Technologies LLC boosted its stake in Voxx International Corp. by 307.5% in the first quarter. Renaissance Technologies LLC now owns 59,900 shares of the company’s stock worth $268,000 after buying an additional 45,200 shares during the last quarter. Institutional investors own 60.50% of the company’s stock.
About Voxx International Corp.
VOXX International Corporation is an international manufacturer and distributor in the automotive, audio and consumer accessories industries. The Company’s segments include Automotive, Premium Audio and Consumer Accessories. The Automotive segment designs, manufactures, distributes and markets rear-seat entertainment devices, satellite radio products, remote start systems, digital television tuners, mobile antennas, mobile multimedia devices, car link-smartphone telematics application, collision avoidance systems and others.
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