ICG Group CFO Sells $259,700 in Stock (ICGE)
ICG Group (NASDAQ:ICGE) CFO Raymond Kirk Morgan unloaded 14,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $18.55, for a total transaction of $259,700.00. Following the completion of the transaction, the chief financial officer now directly owns 251,021 shares of the company’s stock, valued at approximately $4,656,440. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Evercore Partners initiated coverage on shares of ICG Group in a research note on Wednesday, March 12th. They set an “overweight” rating and a $27.00 price target on the stock.
ICG Group (NASDAQ:ICGE) traded up 1.99% on Friday, hitting $19.26. 104,569 shares of the company’s stock traded hands. ICG Group has a one year low of $10.83 and a one year high of $22.73. The stock has a 50-day moving average of $20.00 and a 200-day moving average of $19.07. The company has a market cap of $718.6 million and a price-to-earnings ratio of 3.85.
ICG Group (NASDAQ:ICGE) last released its earnings data on Thursday, May 1st. The company reported ($0.10) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.13) by $0.03. The company had revenue of $18.40 million for the quarter, compared to the consensus estimate of $17.84 million. During the same quarter in the prior year, the company posted ($0.08) earnings per share. The company’s quarterly revenue was up 53.3% on a year-over-year basis. Analysts expect that ICG Group will post $-0.38 EPS for the current fiscal year.
ICG Group, Inc (NASDAQ:ICGE), formerly Internet Capital Group, Inc, acquires and builds Internet software and services companies.
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