AVG Technologies NV (NYSE:AVG) shares shot up 31.6% during mid-day trading on Thursday . The company traded as high as $24.87 and last traded at $24.72, with a volume of 13,157,363 shares changing hands. The stock had previously closed at $18.79.

A number of research firms have issued reports on AVG. Dougherty & Co cut AVG Technologies NV to a “sell” rating in a research note on Thursday. Imperial Capital reissued a “hold” rating and issued a $21.00 target price (down from $22.00) on shares of AVG Technologies NV in a research note on Sunday, May 8th. Finally, Zacks Investment Research raised AVG Technologies NV from a “sell” rating to a “hold” rating in a research note on Monday, May 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $26.30.

The stock has a market capitalization of $1.25 billion and a P/E ratio of 27.72. The firm has a 50-day moving average of $19.14 and a 200-day moving average of $19.17.

AVG Technologies NV (NYSE:AVG) last announced its earnings results on Wednesday, April 27th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. During the same period in the prior year, the business earned $0.46 earnings per share. The company had revenue of $107.90 million for the quarter, compared to the consensus estimate of $107.31 million. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts anticipate that AVG Technologies NV will post $1.94 EPS for the current fiscal year.

Other hedge funds and institutional investors have bought and sold shares of the company. Heartland Advisors Inc. acquired a new position in AVG Technologies NV during the fourth quarter valued at $11,028,000. Sei Investments Co. raised its position in AVG Technologies NV by 0.6% in the fourth quarter. Sei Investments Co. now owns 349,468 shares of the company’s stock valued at $7,007,000 after buying an additional 2,243 shares during the period. Dimensional Fund Advisors LP raised its position in AVG Technologies NV by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,727,236 shares of the company’s stock valued at $34,631,000 after buying an additional 29,537 shares during the period. Wells Fargo & Company MN raised its position in AVG Technologies NV by 124.3% in the fourth quarter. Wells Fargo & Company MN now owns 117,907 shares of the company’s stock valued at $2,364,000 after buying an additional 65,332 shares during the period. Finally, Seizert Capital Partners LLC raised its position in AVG Technologies NV by 40.0% in the fourth quarter. Seizert Capital Partners LLC now owns 202,889 shares of the company’s stock valued at $4,068,000 after buying an additional 57,921 shares during the period.

AVG Technologies N.V. (AVG) provides software and online services that deliver peace of mind to users by simplifying, optimizing and securing their Internet experiences. The Company is primarily engaged in the development and sale of online service solutions and Internet security software branded under the AVG name.

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