AVG Technologies NV (NYSE:AVG)’s share price rose 31.6% on Thursday . The company traded as high as $24.87 and last traded at $24.72, with a volume of 13,157,363 shares traded. The stock had previously closed at $18.79.

AVG has been the subject of a number of research reports. Imperial Capital reiterated a “hold” rating on shares of AVG Technologies NV in a research report on Friday, March 11th. Zacks Investment Research upgraded shares of AVG Technologies NV from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Dougherty & Co lowered shares of AVG Technologies NV from a “buy” rating to a “sell” rating in a research report on Thursday. Finally, Nomura downgraded shares of AVG Technologies NV from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $30.00 to $25.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $26.08.

The firm’s 50 day moving average price is $19.50 and its 200 day moving average price is $19.24. The company has a market cap of $1.25 billion and a price-to-earnings ratio of 27.67.

AVG Technologies NV (NYSE:AVG) last issued its earnings results on Wednesday, April 27th. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.02. During the same period last year, the firm posted $0.46 EPS. The business earned $107.90 million during the quarter, compared to analysts’ expectations of $107.31 million. AVG Technologies NV’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, analysts anticipate that AVG Technologies NV will post $1.93 EPS for the current fiscal year.

A number of institutional investors have modified their holdings of the company. Sei Investments Co. raised its position in shares of AVG Technologies NV by 0.6% in the fourth quarter. Sei Investments Co. now owns 349,468 shares of the company’s stock worth $7,007,000 after buying an additional 2,243 shares during the period. Heartland Advisors Inc. acquired a new position in shares of AVG Technologies NV during the fourth quarter worth $11,028,000. Seizert Capital Partners LLC raised its position in shares of AVG Technologies NV by 40.0% in the fourth quarter. Seizert Capital Partners LLC now owns 202,889 shares of the company’s stock worth $4,068,000 after buying an additional 57,921 shares during the period. Penserra Capital Management LLC acquired a new position in shares of AVG Technologies NV during the fourth quarter worth $40,207,000. Finally, Wells Fargo & Company MN raised its position in shares of AVG Technologies NV by 124.3% in the fourth quarter. Wells Fargo & Company MN now owns 117,907 shares of the company’s stock worth $2,364,000 after buying an additional 65,332 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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