Insider Selling: Richard Monto Unloads 10,000 Shares of Inteliquent Stock (IQNT)
Inteliquent (NASDAQ:IQNT) Insider Richard Monto unloaded 10,000 shares of Inteliquent stock on the open market in a transaction dated Monday, June 2nd. The stock was sold at an average price of $15.44, for a total transaction of $154,400.00. Following the completion of the transaction, the insider now directly owns 89,180 shares in the company, valued at approximately $1,376,939. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Inteliquent (NASDAQ:IQNT) traded up 3.07% during mid-day trading on Monday, hitting $15.44. The stock had a trading volume of 493,212 shares. Inteliquent has a 52 week low of $4.61 and a 52 week high of $15.93. The stock has a 50-day moving average of $14.3 and a 200-day moving average of $12.84. The company has a market cap of $500.9 million and a P/E ratio of 8.47.
Inteliquent (NASDAQ:IQNT) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.21 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. On average, analysts predict that Inteliquent will post $1.04 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, June 26th. Investors of record on Tuesday, June 10th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Friday, June 6th.
A number of research firms have recently commented on IQNT. 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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