Traders Sell Shares of AVG Technologies NV (AVG) on Strength (AVG)
Investors sold shares of AVG Technologies NV (NYSE:AVG) on strength during trading on Thursday. $59.58 million flowed into the stock on the tick-up and $76.44 million flowed out of the stock on the tick-down, for a money net flow of $16.86 million out of the stock. Of all equities tracked, AVG Technologies NV had the 0th highest net out-flow for the day. AVG Technologies NV traded up $5.79 for the day and closed at $24.58
AVG has been the topic of several analyst reports. Zacks Investment Research upgraded shares of AVG Technologies NV from a “sell” rating to a “hold” rating in a research note on Tuesday, April 26th. Imperial Capital restated a “hold” rating and set a $21.00 price objective (down previously from $22.00) on shares of AVG Technologies NV in a research report on Sunday, May 8th. Finally, Dougherty & Co downgraded shares of AVG Technologies NV from a “buy” rating to a “sell” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $26.30.
The firm’s 50-day moving average price is $19.32 and its 200 day moving average price is $19.21. The company has a market cap of $1.25 billion and a P/E ratio of 27.62.
AVG Technologies NV (NYSE:AVG) last posted its quarterly earnings results on Wednesday, April 27th. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.42 by $0.02. During the same quarter in the prior year, the firm posted $0.46 EPS. The business earned $107.90 million during the quarter, compared to the consensus estimate of $107.31 million. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts expect that AVG Technologies NV will post $1.94 EPS for the current year.
Several large investors have bought and sold shares of AVG. Sei Investments Co. raised its stake 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 in the last quarter. Heartland Advisors Inc. acquired a new stake in AVG Technologies NV during the fourth quarter valued at approximately $11,028,000. Seizert Capital Partners LLC raised its stake 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 in the last quarter. Penserra Capital Management LLC acquired a new stake in AVG Technologies NV during the fourth quarter valued at approximately $40,207,000. Finally, Wells Fargo & Company MN raised its stake 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 in the last quarter.
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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