Insider Selling: ICG Group President Sells 10,000 Shares of Stock (ICGE)
ICG Group (NASDAQ:ICGE) President Douglas A. Alexander sold 10,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $20.45, for a total transaction of $204,500.00. Following the sale, the president now directly owns 1,539,464 shares of the company’s stock, valued at approximately $31,482,039. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Separately, analysts at Barrington Research initiated coverage on shares of ICG Group in a research note on Thursday, June 12th. They set an “outperform” rating and a $25.00 price target on the stock. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. ICG Group has an average rating of “Buy” and a consensus target price of $23.02.
ICG Group (NASDAQ:ICGE) traded up 0.10% on Monday, hitting $20.56. 84,452 shares of the company’s stock traded hands. ICG Group has a 52-week low of $10.96 and a 52-week high of $22.73. The stock’s 50-day moving average is $19.47 and its 200-day moving average is $19.4. The company has a market cap of $767.1 million and a price-to-earnings ratio of 4.18.
ICG Group (NASDAQ:ICGE) last released its earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the 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. On average, analysts predict that ICG Group will post $-0.38 earnings per share 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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