Wednesday, September 25, 2013

Aerovironment - Director shows confidence price is low

A report in Zolmax News show that a Director of AVAV bought 5000 shares at $22.50 this week. The report also indicates that several analysts have upped their price target to between $23 and $26 recently. AVAV traded yesterday at $22.71

AeroVironment (NASDAQ:AVAV) Director Stephen Page purchased 5,000 shares of the company’s stock on the open market in a transaction dated Monday, September 23rd. The stock was purchased at an average price of $22.50 per share, for a total transaction of $112,500.00. Following the transaction, the director now directly owns 7,500 shares in the company, valued at approximately $168,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of research firms have recently commented on AVAV. Analysts at Goldman Sachs GroupInc. raised their price target on shares of AeroVironment (NASDAQ:AVAV) to $23.00 in a research note to investors on Wednesday, September 11th. They now have a “buy” rating on the stock. Separately, analysts at Benchmark Co. raised their price target on shares of AeroVironment (NASDAQ:AVAV) from $24.00 to $26.00 in a research note to investors on Tuesday, September 10th. They now have a “buy” rating on the stock. Finally, analysts at Benchmark Co. reiterated a “buy” rating on shares of AeroVironment (NASDAQ:AVAV) in a research note to investors on Wednesday, August 28th.

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