AVG Technologies NV (AVG) Sees Unusually-High Trading Volume
AVG Technologies NV (NYSE:AVG) shares saw an uptick in trading volume on Friday . 2,408,658 shares changed hands during trading, an increase of 76% from the previous session’s volume of 1,369,022 shares.The stock last traded at $24.65 and had previously closed at $24.58.
Several brokerages have commented on AVG. Nomura downgraded AVG Technologies NV from a “buy” rating to a “neutral” rating and cut their target price for the stock from $30.00 to $25.00 in a report on Friday. Dougherty & Co downgraded AVG Technologies NV from a “buy” rating to a “sell” rating in a report on Thursday. Imperial Capital reaffirmed a “hold” rating and set a $21.00 target price (down from $22.00) on shares of AVG Technologies NV in a report on Sunday, May 8th. Finally, Zacks Investment Research raised AVG Technologies NV from a “sell” rating to a “hold” rating in a report on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $26.08.
The stock’s 50-day moving average price is $19.50 and its 200 day moving average price is $19.24. The firm has a market cap of $1.25 billion and a P/E ratio of 27.67.
AVG Technologies NV (NYSE:AVG) last released its earnings results on Wednesday, April 27th. The company reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.02. The firm earned $107.90 million during the quarter, compared to the consensus estimate of $107.31 million. During the same period in the prior year, the company earned $0.46 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, analysts predict that AVG Technologies NV will post $1.92 earnings per share for the current fiscal year.
A number of hedge funds and institutional investors have recently added to or reduced their stakes in AVG. Dimensional Fund Advisors LP boosted 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 worth $34,631,000 after buying an additional 29,537 shares in the last quarter. Royce & Associates LLC purchased a new position in AVG Technologies NV during the fourth quarter worth approximately $1,108,000. Penserra Capital Management LLC purchased a new position in AVG Technologies NV during the fourth quarter worth approximately $40,207,000. Seizert Capital Partners LLC boosted 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 worth $4,068,000 after buying an additional 57,921 shares in the last quarter. Finally, Heartland Advisors Inc. purchased a new position in AVG Technologies NV during the fourth quarter worth approximately $11,028,000.
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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