Traders Sell AVG Technologies NV (AVG) on Strength (AVG)
Traders sold shares of AVG Technologies NV (NYSE:AVG) on strength during trading hours 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 companies 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 recent research reports. Dougherty & Co cut AVG Technologies NV from a “buy” rating to a “sell” rating in a research report on Thursday. Imperial Capital reiterated a “hold” rating on shares of AVG Technologies NV in a research report on Friday, March 11th. Nomura cut AVG Technologies NV from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $30.00 to $25.00 in a research report on Friday. Finally, Zacks Investment Research upgraded AVG Technologies NV from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. AVG Technologies NV currently has a consensus rating of “Hold” and a consensus price target of $26.08.
The company has a 50 day moving average of $19.50 and a 200 day moving average of $19.24. The stock 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 quarterly earnings results on Wednesday, April 27th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02. During the same period in the previous year, the business posted $0.46 EPS. The company had revenue of $107.90 million for the quarter, compared to the consensus estimate of $107.31 million. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, equities research analysts expect that AVG Technologies NV will post $1.92 earnings per share for the current fiscal year.
Several institutional investors recently modified their holdings of the company. Penserra Capital Management LLC bought a new position in shares of AVG Technologies NV during the fourth quarter valued at approximately $40,207,000. Dimensional Fund Advisors LP boosted its position in shares of 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 worth $34,631,000 after buying an additional 29,537 shares in the last quarter. Heartland Advisors Inc. acquired a new position in shares of AVG Technologies NV during the fourth quarter worth about $11,028,000. Sei Investments Co. boosted 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 in the last quarter. Finally, Seizert Capital Partners LLC boosted 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 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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