West Corp. (WSTC) Trading 2.5% Higher
West Corp. (NASDAQ:WSTC)’s share price traded up 2.5% during mid-day trading on Thursday . The stock traded as high as $19.79 and last traded at $19.78, with a volume of 146,828 shares changing hands. The stock had previously closed at $19.29.
Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded West Corp. from a “sell” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Wednesday, April 6th. William Blair reissued a “buy” rating on shares of West Corp. in a report on Friday, May 6th. Goldman Sachs Group Inc. downgraded West Corp. from a “buy” rating to a “neutral” rating and set a $35.00 price objective on the stock. in a report on Monday, March 28th. Morgan Stanley downgraded West Corp. from an “equal weight” rating to an “underweight” rating and cut their price objective for the company from $25.00 to $22.00 in a report on Thursday, April 7th. Finally, TheStreet raised West Corp. from a “sell” rating to a “hold” rating in a report on Monday, March 21st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $25.40.
The company has a market cap of $1.66 billion and a PE ratio of 8.28. The company has a 50-day moving average of $20.83 and a 200 day moving average of $21.12.
West Corp. (NASDAQ:WSTC) last posted its earnings results on Monday, May 2nd. The company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. The company had revenue of $570.80 million for the quarter. West Corp.’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.16 EPS. On average, analysts anticipate that West Corp. will post $3.03 earnings per share for the current fiscal year.
In related news, CEO Thomas B. Barker bought 25,000 shares of the company’s stock in a transaction on Tuesday, May 31st. The shares were purchased at an average price of $21.09 per share, for a total transaction of $527,250.00. Following the completion of the transaction, the chief executive officer now directly owns 1,392,254 shares in the company, valued at approximately $29,362,636.86. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Scott Etzler sold 10,000 shares of the stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $21.15, for a total value of $211,500.00. Following the sale, the insider now owns 123,560 shares in the company, valued at approximately $2,613,294. The disclosure for this sale can be found here.
Several large investors recently bought and sold shares of WSTC. Nationwide Fund Advisors increased its stake in West Corp. by 0.6% in the fourth quarter. Nationwide Fund Advisors now owns 58,811 shares of the company’s stock valued at $1,269,000 after buying an additional 354 shares in the last quarter. Swiss National Bank increased its stake in West Corp. by 9.9% in the fourth quarter. Swiss National Bank now owns 60,330 shares of the company’s stock valued at $1,301,000 after buying an additional 5,430 shares in the last quarter. Rhumbline Advisers increased its stake in West Corp. by 3.6% in the fourth quarter. Rhumbline Advisers now owns 66,518 shares of the company’s stock valued at $1,435,000 after buying an additional 2,335 shares in the last quarter. New York State Common Retirement Fund increased its stake in West Corp. by 2.4% in the fourth quarter. New York State Common Retirement Fund now owns 67,863 shares of the company’s stock valued at $1,464,000 after buying an additional 1,618 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its position in West Corp. by 42.7% in the fourth quarter. GSA Capital Partners LLP now owns 77,009 shares of the company’s stock valued at $1,661,000 after buying an additional 23,039 shares during the last quarter.
West Corporation (West) is a provider of technology-enabled communication services. The Company offers a range of communication and network infrastructure solutions that helps to manage or support communications. The Company operates in two segments: Unified Communications, including conferencing and collaboration, Internet protocol (IP) communications and interactive services, and Communication Services, including safety services, telecom services and specialized agent services.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.