Augie Fabela II Acquires 15,000 Shares of VEON (NASDAQ:VEON) Stock

VEON Ltd. (NASDAQ:VEON) Director Augie Fabela II acquired 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were purchased at an average cost of $56.00 per share, with a total value of $840,000.00. Following the completion of the acquisition, the director owned 91,000 shares in the company, valued at $5,096,000. This trade represents a 19.74% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

VEON Stock Performance

NASDAQ:VEON opened at $56.61 on Wednesday. VEON Ltd. has a 1 year low of $42.60 and a 1 year high of $64.00. The firm’s fifty day simple moving average is $52.37 and its 200 day simple moving average is $52.46. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 2.30. The firm has a market capitalization of $4.19 billion, a PE ratio of 66.60 and a beta of 1.65.

VEON (NASDAQ:VEON) last announced its earnings results on Friday, July 31st. The Wireless communications provider reported $1.69 EPS for the quarter, topping the consensus estimate of $1.46 by $0.23. The firm had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. VEON had a net margin of 1.24% and a return on equity of 14.93%. During the same quarter last year, the firm posted $8.30 EPS. On average, sell-side analysts anticipate that VEON Ltd. will post 7.28 EPS for the current year.

More VEON News

Here are the key news stories impacting VEON this week:

• Positive Sentiment: Director Augie Fabela II reported purchases totaling 20,000 VEON shares across August 6–7 at approximately $56 per share, worth about $1.12 million. The insider buying may signal confidence in the company’s outlook and provide a positive sentiment catalyst. VEON Director Acquires 5,000 Shares of Stock
• Positive Sentiment: Analysts’ average price target implies roughly 43.9% potential upside from recent levels. Zacks also cited improving earnings-estimate revisions, which could support further gains if expectations continue to rise. Wall Street Analysts Predict Upside in VEON
• Positive Sentiment: VEON passed Zacks’ “Fast-Paced Momentum at a Bargain” screen, suggesting its recent price momentum remains attractive relative to the valuation factors used in the screen. VEON Momentum and Valuation Analysis
• Neutral Sentiment: Reported short interest was zero shares, implying no measurable short-selling pressure; however, the reported percentage increase was unavailable, limiting the usefulness of the data.
• Neutral Sentiment: VEON’s latest quarterly results beat consensus on earnings and revenue, but its approximately 66 times price-to-earnings ratio and low 1.24% net margin leave the stock sensitive to any slowdown in growth or earnings revisions.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Lingotto Investment Management LLP lifted its stake in shares of VEON by 0.3% in the fourth quarter. Lingotto Investment Management LLP now owns 6,060,852 shares of the Wireless communications provider’s stock valued at $318,619,000 after buying an additional 16,758 shares during the period. Wellington Management Group LLP increased its stake in VEON by 66.5% during the fourth quarter. Wellington Management Group LLP now owns 977,400 shares of the Wireless communications provider’s stock valued at $51,382,000 after acquiring an additional 390,294 shares during the period. Solus Alternative Asset Management LP increased its stake in VEON by 3.6% during the fourth quarter. Solus Alternative Asset Management LP now owns 887,002 shares of the Wireless communications provider’s stock valued at $46,630,000 after acquiring an additional 30,900 shares during the period. Panview Capital Ltd raised its holdings in VEON by 24.7% in the 4th quarter. Panview Capital Ltd now owns 514,927 shares of the Wireless communications provider’s stock valued at $27,070,000 after acquiring an additional 101,906 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in VEON by 31.5% in the 3rd quarter. Two Sigma Investments LP now owns 276,426 shares of the Wireless communications provider’s stock valued at $15,046,000 after acquiring an additional 66,153 shares in the last quarter. Institutional investors and hedge funds own 21.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Northland Securities assumed coverage on VEON in a research report on Tuesday, June 9th. They set an “outperform” rating and a $70.00 price objective for the company. Zacks Research raised VEON from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 4th. Rothschild & Co Redburn set a $74.00 price target on VEON and gave the stock a “buy” rating in a report on Thursday, April 16th. Weiss Ratings cut VEON from a “hold (c+)” rating to a “hold (c)” rating in a research report on Monday, May 18th. Finally, Benchmark reissued a “buy” rating on shares of VEON in a research report on Monday, June 15th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $72.00.

VEON Company Profile

VEON Ltd (NASDAQ: VEON) is a global telecommunications and digital services provider headquartered in Amsterdam, the Netherlands. Originally founded as VimpelCom in Russia in 1992, the company rebranded to VEON in 2017 to reflect its transformation into a technology-driven operator. VEON operates as a holding company with direct investments in mobile and internet service providers across multiple emerging markets, delivering voice, data and digital services to individual and enterprise customers.

Through its operating subsidiaries, VEON offers a broad portfolio that includes 2G/3G/4G mobile access, fixed broadband, digital lifestyle applications and mobile financial services.