Premiere Global Services CEO Unloads $173,383 in Stock (PGI)
Premiere Global Services (NYSE:PGI) CEO Boland T. Jones sold 13,185 shares of the stock on the open market in a transaction dated Wednesday, August 27th. The stock was sold at an average price of $13.15, for a total transaction of $173,382.75. Following the sale, the chief executive officer now directly owns 1,748,728 shares in the company, valued at approximately $22,995,773. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
PGI has been the subject of a number of recent research reports. 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 (NYSE:PGI) traded up 0.38% during mid-day trading on Friday, hitting $13.17. 114,213 shares of the company’s stock traded hands. Premiere Global Services has a 52-week low of $8.77 and a 52-week high of $14.05. The stock has a 50-day moving average of $13.16 and a 200-day moving average of $12.59. The company has a market cap of $597.7 million and a price-to-earnings ratio of 43.73.
Premiere Global Services (NYSE:PGI) last released its earnings data on Thursday, July 17th. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue 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.
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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