Notable Price Action: What’s Next for AVG Technologies NV After Making 52-Week High?

Notable Price Action: What's Next for AVG Technologies NV After Making 52 Week High?

The stock of AVG Technologies NV (NYSE:AVG) hit a new 52-week high and has $34.92 target or 39.00% above today’s $25.12 share price. The 8 months bullish chart indicates low risk for the $1.28 billion company. The 1-year high was reported on Oct, 19 by Barchart.com. If the $34.92 price target is reached, the company will be worth $499.20 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 94,362 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 earnings per share, up 2.94% or $0.01 from last year’s $0.34 per share. AVG’s profit will be $17.83M for 17.94 P/E if the $0.35 EPS becomes a reality. After $0.37 actual earnings per share 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 11.46% above today’s ($25.12) stock price. AVG Tech has been the topic of 7 analyst reports since July 23, 2015 according to StockzIntelligence Inc. The rating was maintained by Nomura with “Buy” on Thursday, February 25. The firm has “In-Line” rating given on Tuesday, November 10 by Imperial Capital. JP Morgan initiated the shares of AVG in a report on Thursday, July 23 with “Overweight” rating. Dougherty & Company initiated AVG Technologies NV (NYSE:AVG) on Friday, August 28 with “Buy” rating. The company was downgraded on Friday, July 8 by Nomura. The company was downgraded on Thursday, November 5 by JP Morgan.

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 is 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.
Farmers & Merchants Invests Inc holds 0% or 356 shares in its portfolio. Tiaa Cref Investment Mngmt Ltd Liability, a New York-based fund reported 173,367 shares. Todd Asset Mngmt Lc has 0.42% invested in the company for 692,223 shares. Clearbridge Ltd Liability Corp has 480,597 shares for 0.18% of their US portfolio. Group Ag reported 254,121 shares or 1.32% of all its holdings. Credit Agricole S A holds 0% or 36,500 shares in its portfolio. Dupont Mngmt accumulated 55,857 shares or 0.02% of the stock. Apriem has 0.02% invested in the company for 4,000 shares. Amer Intll Grp holds 24,234 shares or 0% of its portfolio. First Tru L P last reported 0% of its portfolio in the stock. Herald Invest Mgmt Ltd last reported 2.38% of its portfolio in the stock. Gsa Capital Prns Llp last reported 0.03% of its portfolio in the stock. The New York-based Alliancebernstein L P has invested 0% in AVG Technologies NV (NYSE:AVG). Blackrock reported 5,343 shares or 0% of all its holdings. Wellington Group Ltd Liability Partnership has 26,029 shares for 0% of their US portfolio.

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.

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.

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