AWM Investment Company Inc. Decreases Stake in Neonode Inc. (NEON)

AWM Investment Company Inc. cut its stake in Neonode Inc. (NASDAQ:NEON) by 6.8% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 3,415,615 shares of the electronics maker’s stock after selling 250,580 shares during the period. AWM Investment Company Inc. owned approximately 6.99% of Neonode worth $5,465,000 as of its most recent SEC filing.

Separately, Geode Capital Management LLC increased its stake in shares of Neonode by 0.3% in the first quarter. Geode Capital Management LLC now owns 179,416 shares of the electronics maker’s stock valued at $287,000 after buying an additional 552 shares in the last quarter. Hedge funds and other institutional investors own 25.57% of the company’s stock.

Institutional Ownership by Quarter for Neonode (NASDAQ:NEON)

Neonode Inc. (NASDAQ:NEON) traded down 2.42% during trading on Monday, hitting $1.21. The company had a trading volume of 83,105 shares. The stock has a 50-day moving average of $1.31 and a 200 day moving average of $1.58. The company’s market capitalization is $59.10 million. Neonode Inc. has a one year low of $0.96 and a one year high of $2.19.

Neonode (NASDAQ:NEON) last released its quarterly earnings results on Tuesday, May 9th. The electronics maker reported ($0.02) EPS for the quarter. The firm had revenue of $2.33 million for the quarter, compared to analysts’ expectations of $2.81 million. Neonode had a negative net margin of 50.46% and a negative return on equity of 169.76%. Equities analysts forecast that Neonode Inc. will post ($0.01) EPS for the current fiscal year.

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NEON has been the subject of several research analyst reports. Zacks Investment Research raised Neonode from a “sell” rating to a “hold” rating in a research note on Wednesday, May 17th. Cowen and Company reaffirmed an “outperform” rating and issued a $4.00 target price on shares of Neonode in a research report on Wednesday, March 15th. Finally, ValuEngine raised Neonode from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd.

Neonode Company Profile

Neonode Inc, formerly SBE, Inc, develops and licenses user interfaces and optical infrared touch solutions. The Company’s technology offers multiple features, including the ability to sense an object’s size, depth, velocity, pressure and proximity to any type of surface. It operates through the touch technology licensing business segment.

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