Premiere Global Services Director Unloads $162,960 in Stock (PGI)
Premiere Global Services (NYSE:PGI) Director K Robert Draughon unloaded 12,000 shares of the stock in a transaction that occurred on Thursday, July 24th. The shares were sold at an average price of $13.58, for a total value of $162,960.00. Following the completion of the sale, the director now directly owns 23,415 shares in the company, valued at approximately $317,976. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Premiere Global Services (NYSE:PGI) traded down 2.07% on Monday, hitting $13.27. The stock had a trading volume of 133,270 shares. Premiere Global Services has a 52 week low of $8.77 and a 52 week high of $14.05. The stock’s 50-day moving average is $13.2 and its 200-day moving average is $12.26. The company has a market cap of $608.5 million and a price-to-earnings ratio of 45.17.
Premiere Global Services (NYSE:PGI) last announced its earnings results on Thursday, July 17th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $144.30 million for the quarter, compared to the consensus estimate of $144.12 million. During the same quarter in the previous year, the company posted $0.20 earnings per share. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, analysts predict that Premiere Global Services will post $0.87 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on PGI shares. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Premiere Global Services in a research note on Friday, July 18th. They now have a $15.00 price target on the stock, up previously from $14.00. Analysts at Northland Securities raised their price target on shares of Premiere Global Services from $12.25 to $13.25 in a research note on Thursday, July 3rd. They now have a “market perform” rating on the stock.
Premiere Global Services, Inc (NYSE:PGI) offers its virtual meeting solutions in the cloud, with a software as a service (SaaS), model.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.