Cogent Communications Group VP Sells $140,420 in Stock (CCOI)
Cogent Communications Group (NASDAQ:CCOI) VP Timothy Oneill unloaded 3,500 shares of Cogent Communications Group stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $40.12, for a total transaction of $140,420.00. Following the transaction, the vice president now directly owns 42,452 shares of the company’s stock, valued at approximately $1,703,174. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on CCOI shares. Analysts at Jefferies Group initiated coverage on shares of Cogent Communications Group in a research note to investors on Thursday, December 19th. They set a “hold” rating on the stock. Separately, analysts at Cowen and Company raised their price target on shares of Cogent Communications Group from $38.00 to $42.00 in a research note to investors on Monday, November 11th. They now have an “outperform” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of Cogent Communications Group from $35.00 to $39.00 in a research note to investors on Monday, November 11th. They now have a “buy” rating on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cogent Communications Group has an average rating of “Hold” and an average price target of $31.71.
Shares of Cogent Communications Group (NASDAQ:CCOI) traded down 1.34% during mid-day trading on Thursday, hitting $39.87. The stock had a trading volume of 256,177 shares. Cogent Communications Group has a 52 week low of $22.79 and a 52 week high of $41.25. The stock has a 50-day moving average of $38.23 and a 200-day moving average of $33.1. The company has a market cap of $1.840 billion and a P/E ratio of 486.87.
Cogent Communications Group (NASDAQ:CCOI) last released its earnings data on Friday, November 8th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by $0.02. The company had revenue of $87.80 million for the quarter, compared to the consensus estimate of $88.33 million. Cogent Communications Group’s revenue was up 10.0% compared to the same quarter last year.
Cogent Communications Group, Inc is a facilities-based provider of Internet access and Internet Protocol (NASDAQ:CCOI), communications services.
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