Fusion Telecommunications International, Inc. (NASDAQ:FSNN) major shareholder Asa Apptix sold 176,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $2.89, for a total value of $508,640.00. Following the sale, the insider now directly owns 2,510,012 shares of the company’s stock, valued at approximately $7,253,934.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Asa Apptix also recently made the following trade(s):

  • On Monday, September 18th, Asa Apptix sold 187,914 shares of Fusion Telecommunications International stock. The shares were sold at an average price of $3.00, for a total value of $563,742.00.
  • On Wednesday, September 20th, Asa Apptix sold 699,755 shares of Fusion Telecommunications International stock. The shares were sold at an average price of $2.75, for a total value of $1,924,326.25.

Fusion Telecommunications International, Inc. (NASDAQ:FSNN) traded down 2.80% during midday trading on Thursday, reaching $2.43. The company’s stock had a trading volume of 634,686 shares. The stock’s 50-day moving average price is $1.99 and its 200-day moving average price is $1.63. The firm’s market capitalization is $54.69 million. Fusion Telecommunications International, Inc. has a 12 month low of $0.96 and a 12 month high of $3.57.

Fusion Telecommunications International (NASDAQ:FSNN) last announced its quarterly earnings data on Monday, August 14th. The Wireless communications provider reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. Fusion Telecommunications International had a negative return on equity of 202.95% and a negative net margin of 10.47%. The business had revenue of $38.09 million during the quarter, compared to analyst estimates of $32.47 million. Analysts predict that Fusion Telecommunications International, Inc. will post ($0.59) EPS for the current year.

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An institutional investor recently bought a new position in Fusion Telecommunications International stock. B. Riley Financial Inc. acquired a new position in shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 100,000 shares of the Wireless communications provider’s stock, valued at approximately $145,000. B. Riley Financial Inc. owned approximately 0.45% of Fusion Telecommunications International at the end of the most recent quarter. Institutional investors and hedge funds own 20.81% of the company’s stock.

A number of equities research analysts have issued reports on FSNN shares. Zacks Investment Research raised Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a research report on Monday, September 4th. ValuEngine raised Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a research report on Monday, August 28th. Craig Hallum reissued a “buy” rating and set a $5.00 price target (up previously from $3.00) on shares of Fusion Telecommunications International in a research report on Wednesday, August 30th. Finally, B. Riley reissued a “buy” rating and set a $3.00 price target on shares of Fusion Telecommunications International in a research report on Sunday, September 3rd.

Fusion Telecommunications International Company Profile

Fusion Telecommunications International, Inc is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers.

Insider Buying and Selling by Quarter for Fusion Telecommunications International (NASDAQ:FSNN)

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