After Today’s Bearish Options Activity, Is AVG Technologies NV’s Near-Term Analysis Positive?

 After Today's Bearish Options Activity, Is AVG Technologies NV's Near Term Analysis Positive?

In today’s session AVG Technologies NV (AVG) recorded an unusually high (1,843) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious AVG decrease. With 1,843 contracts traded and 89324 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: AVG161216P00025000 closed last at: $0.05 or 93.8% down. About 53,356 shares traded hands. AVG Technologies NV (NYSE:AVG) has risen 28.71% since March 16, 2016 and is uptrending. It has outperformed by 23.17% 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 $17.85 million for 17.93 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 11.55% above today’s ($25.1) stock price. AVG Tech has been the topic of 7 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating by JP Morgan given on Thursday, July 23. The rating was downgraded by JP Morgan on Thursday, November 5 to “Neutral”. Nomura downgraded the shares of AVG in a report on Friday, July 8 to “Neutral” rating. Dougherty & Company initiated the stock with “Buy” rating in Friday, August 28 report. The company was maintained on Tuesday, November 10 by Imperial Capital. As per Thursday, February 25, the company rating was maintained by Nomura.

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 2016 Q2. Its down 0.61, from 1.63 in 2016Q1. The ratio turned negative, 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.
Clearbridge Limited last reported 480,597 shares in the company. Richard Bernstein Limited holds 118,766 shares or 0.21% of its portfolio. Renaissance Grp Ltd Com has 15,277 shares for 0.01% of their US portfolio. Voya Management Ltd has 15,775 shares for 0% of their US portfolio. Sg Americas Limited Liability last reported 24,837 shares in the company. Us Commercial Bank De reported 127 shares or 0% of all its holdings. Pnc Fin Svcs Group accumulated 21,745 shares or 0% of the stock. Moreover, Citigroup has 0% invested in AVG Technologies NV (NYSE:AVG) for 20,205 shares. Goldman Sachs Gp Incorporated Inc reported 69,091 shares or 0% of all its holdings. First Trust Advsrs Lp accumulated 52,109 shares or 0% of the stock. Spark Investment Mngmt Ltd Co owns 286,900 shares or 0.51% of their US portfolio. California Employees Retirement last reported 25,100 shares in the company. Fiera Corp has invested 0.03% of its portfolio in AVG Technologies NV (NYSE:AVG). Geode Cap Management Ltd Llc holds 0% of its portfolio in AVG Technologies NV (NYSE:AVG) for 48,061 shares. Lpl Financial Limited Liability Corporation last reported 25,824 shares in the company.

AVG Technologies N.V. provides software and online services. The company has a market cap of $1.28 billion. The Firm operates through two divisions: Consumer and small and medium sized business . It has a 28.75 P/E ratio. 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, Gallery, AVG Cleaner for Mac, AVG Driver Updater, AVG Web TuneUp, Alarm Clock Xtreme FREE + Timer, AVG Cleaner-Xperia and HideMyPhone, among others.

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 Cleaner–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.

More recent AVG Technologies NV (NYSE:AVG) news were published by: Fool.com which released: “Why AVG Technologies NV Stock Skyrocketed Today” on July 07, 2016. Also Businesswire.com published the news titled: “Avast Closes Acquisition of AVG Technologies” on September 30, 2016. Prnewswire.com‘s news article titled: “AVG Announces Extraordinary General Meeting Results” with publication date: August 23, 2016 was also an interesting one.

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