Premiere Global Services President Sells $333,500 in Stock (PGI)
Premiere Global Services (NYSE:PGI) President Theodore P. Schrafft sold 25,000 shares of Premiere Global Services stock on the open market in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $13.34, for a total transaction of $333,500.00. Following the completion of the transaction, the president now directly owns 264,632 shares in the company, valued at approximately $3,530,191. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Northland Securities raised their price target on shares of Premiere Global Services from $11.00 to $12.25 in a research note on Friday, April 25th. They now have a “market perform” rating on the stock.
Premiere Global Services (NYSE:PGI) traded up 1.06% during mid-day trading on Friday, hitting $13.40. The stock had a trading volume of 118,179 shares. Premiere Global Services has a one year low of $8.77 and a one year high of $13.50. The stock’s 50-day moving average is $12.43 and its 200-day moving average is $11.27. The company has a market cap of $620.1 million and a P/E ratio of 37.89.
Premiere Global Services (NYSE:PGI) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.03. The company had revenue of $143.24 million for the quarter, compared to the consensus estimate of $140.48 million. During the same quarter last year, the company posted $0.19 earnings per share. Premiere Global Services’s revenue was up 10.6% compared to the same quarter last year. On average, analysts predict that Premiere Global Services will post $0.86 earnings per share for the current fiscal year.
Premiere Global Services, Inc (NYSE:PGI) offers its virtual meeting solutions in the cloud, with a software as a service (SaaS), model.
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