Zacks: Fusion Telecommunications International, Inc. (FSNN) Receives Average Rating of “Strong Buy” from Analysts
Fusion Telecommunications International, Inc. (NASDAQ:FSNN) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12 month consensus price target of $4.00 for the company and are forecasting that the company will post ($0.12) earnings per share for the current quarter, according to Zacks. Zacks has also given Fusion Telecommunications International an industry rank of 100 out of 265 based on the ratings given to related companies.
FSNN has been the topic of several recent analyst reports. Zacks Investment Research raised Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $3.50 target price on the stock in a research note on Monday, September 4th. B. Riley restated a “buy” rating and set a $3.00 price target on shares of Fusion Telecommunications International in a report on Sunday, September 3rd. Craig Hallum reaffirmed a “buy” rating and set a $5.00 price target (up previously from $3.00) on shares of Fusion Telecommunications International in a research report on Wednesday, August 30th. Finally, ValuEngine lowered Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research report on Monday.
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In other Fusion Telecommunications International news, major shareholder Unterberg Capital Llc sold 477,948 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $3.26, for a total transaction of $1,558,110.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Asa Apptix sold 187,914 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $3.00, for a total transaction of $563,742.00. Following the completion of the transaction, the insider now owns 2,510,012 shares of the company’s stock, valued at $7,530,036. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,204,017 shares of company stock worth $8,786,629. 19.10% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Fusion Telecommunications International stock. United Capital Financial Advisers LLC grew its stake in shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) by 256.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,929 shares of the Wireless communications provider’s stock after purchasing an additional 97,083 shares during the period. United Capital Financial Advisers LLC owned approximately 0.65% of Fusion Telecommunications International worth $213,000 as of its most recent SEC filing. Institutional investors own 20.81% of the company’s stock.
Shares of Fusion Telecommunications International (FSNN) traded down 0.38% during trading on Wednesday, reaching $2.60. The company’s stock had a trading volume of 39,322 shares. The stock’s 50 day moving average price is $2.39 and its 200-day moving average price is $1.69. Fusion Telecommunications International has a 52-week low of $0.96 and a 52-week high of $3.57. The stock’s market cap is $58.51 million.
Fusion Telecommunications International (NASDAQ:FSNN) last issued its quarterly earnings data on Monday, August 14th. The Wireless communications provider reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.01. The firm had revenue of $38.09 million during the quarter, compared to the consensus estimate of $32.47 million. Fusion Telecommunications International had a negative net margin of 10.47% and a negative return on equity of 202.95%. Equities analysts anticipate that Fusion Telecommunications International will post ($0.59) EPS for the current year.
Fusion Telecommunications International Company Profile
Fusion Telecommunications International, Inc is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers.
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