Director Keith Valentine purchased 56,153 shares at $7.49 on May 7, 2026, marking the largest insider purchase in the company's history. This move comes as the stock has crashed nearly 50% over the last 90 days, potentially offering a contrarian entry point for traders.
Price context
The stock is currently trading at $6.985, down 49.75% over the last 90 days and just 2.42% above its 52-week low of $6.82. This represents a deep pullback from the 52-week high of $23.29, which the stock has not touched since late 2025.
Catalysts to watch
- •Q1 2026 earnings release on May 5, 2026, which reported revenue of $192 million (up 14% YoY) despite missing internal expectations due to weaker EOS performance.
- •Analyst price target updates following the May 12, 2026, earnings report, with one analyst assigning a US$18.00 target.
- •The May 7, 2026, insider purchase, which is the largest in the company's history.
Risks
- •Short interest is elevated at 8.95% of the float, indicating potential selling pressure.
- •Institutional investors such as Lisanti Capital sold $5.4 million in stakes on May 7, 2026, and Polen Capital reduced exposure in their Q1 2026 letter, signaling bearish sentiment from large holders.
AI-generated context from public data. Not investment advice. Verify before trading.