Premiere Global Services CEO Boland T. Jones Sells 30,831 Shares (PGI)
Premiere Global Services (NYSE:PGI) CEO Boland T. Jones unloaded 30,831 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $13.17, for a total transaction of $406,044.27. Following the completion of the transaction, the chief executive officer now directly owns 1,717,897 shares in the company, valued at approximately $22,624,703. The transaction was disclosed in a legal 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.
Shares of Premiere Global Services (NYSE:PGI) traded down 0.92% during mid-day trading on Thursday, hitting $12.90. The stock had a trading volume of 71,858 shares. 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 $13.18 and a 200-day moving average of $12.66. The company has a market cap of $585.4 million and a P/E ratio of 43.40.
Premiere Global Services (NYSE:PGI) last announced its earnings results on Thursday, July 17th. The company reported $0.23 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.20 earnings per share. Premiere Global Services’s revenue was up 9.2% compared to the same quarter last year. 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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