Shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) have been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus target price of $4.00 for the company and are anticipating that the company will post ($0.12) EPS for the current quarter, according to Zacks. Zacks has also assigned Fusion Telecommunications International an industry rank of 170 out of 265 based on the ratings given to related companies.

FSNN has been the subject of several analyst reports. Zacks Investment Research raised shares of Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research note on Monday, September 4th. B. Riley reissued a “buy” rating and issued a $3.00 price objective on shares of Fusion Telecommunications International in a research note on Sunday, September 3rd. Craig Hallum reissued a “buy” rating and issued a $5.00 price objective (up previously from $3.00) on shares of Fusion Telecommunications International in a research note on Wednesday, August 30th. Finally, ValuEngine downgraded shares of Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research note on Monday, October 2nd.

In other news, major shareholder Unterberg Capital Llc sold 87,200 shares of Fusion Telecommunications International stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $2.89, for a total transaction of $252,008.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Asa Apptix sold 187,914 shares of Fusion Telecommunications International stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $3.00, for a total transaction of $563,742.00. Following the sale, the insider now directly owns 2,510,012 shares of the company’s stock, valued at approximately $7,530,036. The disclosure for this sale can be found here. In the last three months, insiders sold 3,204,017 shares of company stock valued at $8,786,629. 19.10% of the stock is owned by insiders.

A hedge fund recently raised its stake 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% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 134,929 shares of the Wireless communications provider’s stock after acquiring an additional 97,083 shares during the period. United Capital Financial Advisers LLC owned about 0.65% of Fusion Telecommunications International worth $213,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 20.81% of the company’s stock.

Fusion Telecommunications International (NASDAQ FSNN) opened at 2.64 on Friday. The company’s market cap is $59.41 million. Fusion Telecommunications International has a 52-week low of $0.96 and a 52-week high of $3.57. The firm’s 50-day moving average price is $2.77 and its 200-day moving average price is $1.83.

Fusion Telecommunications International (NASDAQ:FSNN) last announced its quarterly earnings data on Monday, August 14th. The Wireless communications provider reported ($0.14) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.15) by $0.01. The business 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%. On average, equities analysts anticipate that Fusion Telecommunications International will post ($0.59) EPS for the current year.

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About Fusion Telecommunications International

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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