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Inteliquent (NASDAQ:IQNT) CEO G. Edward Evans sold 79,967 shares of Inteliquent stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $14.98, for a total transaction of $1,197,905.66. Following the completion of the sale, the chief executive officer now directly owns 73,226 shares of the company’s stock, valued at approximately $1,096,925. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Inteliquent (NASDAQ:IQNT) traded down 4.87% during mid-day trading on Wednesday, hitting $14.05. The stock had a trading volume of 380,214 shares. Inteliquent has a 1-year low of $4.61 and a 1-year high of $15.93. The stock has a 50-day moving average of $14.20 and a 200-day moving average of $12.58. The company has a market cap of $455.8 million and a P/E ratio of 8.35.

Inteliquent (NASDAQ:IQNT) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.28 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.23 by $0.05. The company had revenue of $56.20 million for the quarter, compared to the consensus estimate of $50.63 million. During the same quarter last year, the company posted $0.21 earnings per share. Inteliquent’s revenue was down 5.2% compared to the same quarter last year. Analysts expect that Inteliquent will post $1.01 EPS for the current fiscal year.

A number of analysts have recently weighed in on IQNT shares. Analysts at BWS Financial upgraded shares of Inteliquent from a “hold” rating to a “buy” rating in a research note on Monday, May 5th. They now have a $20.00 price target on the stock. Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Inteliquent in a research note on Friday, May 2nd. They now have a $17.00 price target on the stock. Finally, analysts at Zacks upgraded shares of Inteliquent from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $15.20 price target on the stock.

Inteliquent Inc, formerly Neutral Tandem, Inc, doing business as Inteliquent provides solutions for voice, data, and hosted services globally.

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