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In recent transactions, Eric Singer, a director and ten percent owner at Universal Electronics Inc (NASDAQ:UEIC), acquired additional shares of the company’s common stock. On May 20, 2025, Singer purchased 3,000 shares at a weighted average price of $7.01, with individual transaction prices ranging from $6.87 to $7.05. The following day, May 21, he acquired another 4,000 shares at a price of $6.7005 per share. These acquisitions amount to a total value of $47,832. The purchases come as the stock trades near $6.67, having declined about 40% over the past six months, according to InvestingPro data.
Following these transactions, Singer’s direct holdings increased to 46,403 shares. Additionally, he holds indirect ownership of 1,544,647 shares through Toro 18, a company where he serves as President and CEO. This move reflects Singer’s continued investment in Universal Electronics, a company known for its innovative control and sensor technology solutions. With a market capitalization of $88 million and trading below book value, InvestingPro analysis suggests the stock is currently undervalued, while analysts maintain price targets ranging from $10 to $15 per share. Get the complete analysis and 10+ additional ProTips with an InvestingPro subscription.
In other recent news, Universal Electronics reported its financial results for Q1 2025, revealing a net loss per share of $0.12, which fell short of the expected earnings per share of $0.07. The company’s revenue also missed projections, coming in at $92.3 million compared to the anticipated $98.23 million. Despite these shortfalls, the Connected Home segment showed a 31% increase, reaching $31.7 million in sales. The company successfully reduced operating expenses to $27.6 million and significantly lowered its net debt to $3.6 million. Universal Electronics has provided guidance for Q2 2025, projecting sales between $91 million and $101 million, with anticipated earnings per share ranging from $0.05 to $0.15. The company noted ongoing efforts to expand its Connected Home market, which is expected to grow between 37% and 55% in the next quarter. Analysts from firms like Rosenblatt Securities have shown interest in the company’s customer concentration and the development of its Connected Home business. Universal Electronics is also navigating challenges such as tariff impacts and macroeconomic uncertainties, which could affect its financial performance.
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