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ICG Group (NASDAQ:ICGE) CFO Raymond Kirk Morgan sold 5,000 shares of the stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $20.44, for a total value of $102,200.00. Following the sale, the chief financial officer now directly owns 246,021 shares of the company’s stock, valued at approximately $5,028,669. The sale was disclosed in a legal filing with the SEC, which is available at 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 equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $23.02.

ICG Group (NASDAQ:ICGE) traded up 0.29% on Tuesday, hitting $20.62. The stock had a trading volume of 127,988 shares. ICG Group has a 52-week low of $10.96 and a 52-week high of $22.73. The stock has a 50-day moving average of $19.43 and a 200-day moving average of $19.54. The company has a market cap of $769.3 million and a price-to-earnings ratio of 4.19.

ICG Group (NASDAQ:ICGE) last released its earnings data on Thursday, May 1st. The company reported ($0.10) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.08) earnings per share. ICG Group’s revenue was up 53.3% compared to the same quarter last year. 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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