AVG Technologies NV (AVG) Reaches New 1-Year High at $24.98
AVG Technologies NV (NYSE:AVG)’s share price reached a new 52-week high on Wednesday . The company traded as high as $24.98 and last traded at $24.96, with a volume of 609,117 shares. The stock had previously closed at $24.81.
A number of equities analysts have recently weighed in on AVG shares. Imperial Capital boosted their price target on AVG Technologies NV from $21.00 to $25.00 and gave the stock an “in-line” rating in a report on Wednesday, August 10th. JMP Securities cut AVG Technologies NV from an “outperform” rating to a “market perform” rating and set a $25.00 price target for the company. in a report on Monday, August 1st. TheStreet raised AVG Technologies NV from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Nomura downgraded AVG Technologies NV from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $30.00 to $25.00 in a research report on Friday, July 8th. Finally, Dougherty & Co downgraded AVG Technologies NV from a “buy” rating to a “sell” rating in a research report on Thursday, July 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $24.30.
The stock’s 50 day moving average price is $24.84 and its 200-day moving average price is $21.59. The stock has a market capitalization of $1.26 billion, a PE ratio of 28.65 and a beta of 1.09.
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AVG Technologies NV (NYSE:AVG) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by $0.01. AVG Technologies NV had a net margin of 10.63% and a return on equity of 73.18%. On average, analysts forecast that AVG Technologies NV will post $1.96 EPS for the current year.
Institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of AVG Technologies NV during the fourth quarter worth about $11,525,000. Royce & Associates LP raised its position in shares of AVG Technologies NV by 79.2% in the second quarter. Royce & Associates LP now owns 423,150 shares of the company’s stock worth $8,036,000 after buying an additional 187,000 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of AVG Technologies NV by 83.1% in the first quarter. Prudential Financial Inc. now owns 381,450 shares of the company’s stock worth $7,915,000 after buying an additional 173,080 shares during the period. Penserra Capital Management LLC increased its stake in shares of AVG Technologies NV by 10.4% in the second quarter. Penserra Capital Management LLC now owns 1,530,429 shares of the company’s stock worth $29,063,000 after buying an additional 143,786 shares during the period. Finally, Henderson Group PLC bought a new stake in shares of AVG Technologies NV during the second quarter worth approximately $2,670,000. 85.10% of the stock is owned by hedge funds and other institutional investors.
About AVG Technologies NV
AVG Technologies N.V. (AVG) provides software and online services that deliver peace of mind to users by simplifying, optimizing and securing their Internet experiences. The Company is primarily engaged in the development and sale of online service solutions and Internet security software branded under the AVG name.
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