The stock of AVG Technologies NV (NYSE:AVG) hit a new 52-week high and has $41.57 target or 66.00% above today’s $25.04 share price. The 5 months bullish chart indicates low risk for the $1.27 billion company. The 1-year high was reported on Oct, 10 by Barchart.com. If the $41.57 price target is reached, the company will be worth $838.20 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,657 shares traded hands. AVG Technologies NV (NYSE:AVG) has risen 25.84% since March 7, 2016 and is uptrending. It has outperformed by 18.25% the S&P500.
Analysts await AVG Technologies NV (NYSE:AVG) to report earnings on November, 2. They expect $0.35 EPS, up 2.94% or $0.01 from last year’s $0.34 per share. AVG’s profit will be $17.75M for 17.89 P/E if the $0.35 EPS becomes a reality. After $0.37 actual EPS reported by AVG Technologies NV for the previous quarter, Wall Street now forecasts -5.41% negative EPS growth.
AVG Technologies NV (NYSE:AVG) Ratings Coverage
Out of 4 analysts covering AVG Tech (NYSE:AVG), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $33 is the highest target while $21 is the lowest. The $28 average target is 11.82% above today’s ($25.04) stock price. AVG Tech has been the topic of 7 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Neutral” rating given on Friday, July 8 by Nomura. The stock of AVG Technologies NV (NYSE:AVG) has “Buy” rating given on Thursday, February 25 by Nomura. The stock of AVG Technologies NV (NYSE:AVG) earned “Buy” rating by Dougherty & Company on Friday, August 28. The company was downgraded on Thursday, November 5 by JP Morgan. The rating was maintained by Imperial Capital on Tuesday, November 10 with “In-Line”. The rating was initiated by JP Morgan on Thursday, July 23 with “Overweight”.
According to Zacks Investment Research, “AVG Technologies N.V. provides antivirus and Internet security products. The Company produces and develops software for, threat detection, threat prevention, and risk analysis. Its product portfolio includes Internet security, PC performance optimization, online backup, mobile security, identity protection, and family safety software. It also offers various security suites for core protection, including anti-virus, anti-spyware, anti-rootkit, social networking protection, and LinkScanner; chatting and downloading. AVG Technologies N.V. is headquartered in Amsterdam, the Netherlands.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.61, from 1.63 in 2016Q1. The ratio worsened, as 19 funds sold all AVG Technologies NV shares owned while 46 reduced positions. 15 funds bought stakes while 51 increased positions. They now own 38.34 million shares or 3.73% less from 39.83 million shares in 2016Q1.
Deutsche Fincl Bank Ag reported 210,941 shares or 0% of all its holdings. Blackrock Institutional Na last reported 0% of its portfolio in the stock. Blackrock has invested 0% of its portfolio in AVG Technologies NV (NYSE:AVG). Svcs Automobile Association, a Texas-based fund reported 496,000 shares. Citigroup holds 20,205 shares or 0% of its portfolio. Macquarie has 0% invested in the company for 96,261 shares. Gsa Cap Prtnrs Llp has invested 0.03% of its portfolio in AVG Technologies NV (NYSE:AVG). 1St Glob Advsrs has 12,191 shares for 0.03% of their US portfolio. Sei Investments Company holds 124,462 shares or 0.01% of its portfolio. Hbk Invs Limited Partnership accumulated 49,716 shares or 0.01% of the stock. Numeric Investors Ltd Llc last reported 202,500 shares in the company. Principal Financial Group Inc holds 10,728 shares or 0% of its portfolio. The New York-based Product Partners Limited Liability Company has invested 0.07% in AVG Technologies NV (NYSE:AVG). Westwood Gru Incorporated accumulated 0.31% or 1.82M shares. Oxford Asset Management owns 494,481 shares or 0.39% of their US portfolio.
More news for AVG Technologies NV (NYSE:AVG) were recently published by: Fool.com, which released: “Why AVG Technologies NV Stock Skyrocketed Today” on July 07, 2016. Businesswire.com‘s article titled: “Avast Closes Acquisition of AVG Technologies” and published on September 30, 2016 is yet another important article.
AVG Company Profile
AVG Technologies N.V., incorporated on March 3, 2011, provides software and online services. The Firm operates through two divisions: Consumer and small and medium sized business (SMB). The Consumer segment reflects all direct (subscription) and indirect (platform) revenues targeted at the Consumer segment and including the Location Labs business, and Privax entity. The SMB segment reflects all direct (subscription) revenue targeted at the SMB segment and includes the revenue from the Norman Safeground AS. The Company’s product portfolio includes AVG Anti-Virus FREE, AVG Anti-Virus, AVG Internet Security, AVG Protection FREE suite, AVG Protection PRO suite, AVG Performance suite, AVG Ultimate suite, Anti-Virus Security-FREE, AVG Zen, Mobile Anti-Virus Security-PRO, AVG Cleanerâ€“Mobile Booster & Battery Saver, Gallery, Gallery Doctor, AVG Anti-Virus for Mac, TuneUp Utilities and AVG PC Tuneup, AVG Cleaner for Mac, AVG Driver Updater, AVG Web TuneUp, Alarm Clock Xtreme FREE + Timer, AVG Cleaner-Xperia and HideMyPhone, among others. The Company’s location labs mobile solutions include AT&T FamilyMap, AT&T Smart Limits, Sprint Family Locator, Sprint Mobile Controls, Sprint Drive First, T-Mobile FamilyWhere, Verizon FamilyBase, Safely Go and Aqui Estoy.
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