Today’s Market Runner: How Analysts Feel About AVG Technologies NV After Achieving 52-Week High?

Today's Market Runner: How Analysts Feel About AVG Technologies NV After Achieving 52 Week High?

The stock of AVG Technologies NV (NYSE:AVG) hit a new 52-week high and has $42.04 target or 65.00% above today’s $25.48 share price. The 7 months bullish chart indicates low risk for the $1.29B company. The 1-year high was reported on Nov, 7 by Barchart.com. If the $42.04 price target is reached, the company will be worth $838.50 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 23,794 shares traded hands. AVG Technologies NV (NYSE:AVG) has risen 25.25% since April 5, 2016 and is uptrending. It has outperformed by 23.29% the S&P500.

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. AVG Tech has been the topic of 7 analyst reports since July 23, 2015 according to StockzIntelligence Inc. JP Morgan initiated the shares of AVG in a report on Thursday, July 23 with “Overweight” rating. The stock of AVG Technologies NV (NYSE:AVG) earned “Neutral” rating by JP Morgan on Thursday, November 5. The stock of AVG Technologies NV (NYSE:AVG) earned “In-Line” rating by Imperial Capital on Tuesday, November 10. Nomura maintained the shares of AVG in a report on Thursday, February 25 with “Buy” rating. Nomura downgraded the stock to “Neutral” rating in Friday, July 8 report. The firm has “Buy” rating by Dougherty & Company given on Friday, August 28.

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 fall, 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.
Springbok Capital Management Ltd accumulated 12,100 shares or 0.03% of the stock. Moreover, Farmers Merchants Invests has 0% invested in AVG Technologies NV (NYSE:AVG) for 356 shares. Blackrock Fund holds 0% or 995,622 shares in its portfolio. Blackrock Advsrs accumulated 0% or 133,878 shares. The New York-based Blackrock Inc has invested 0% in AVG Technologies NV (NYSE:AVG). Jacobs Levy Equity has 0.01% invested in the company for 22,032 shares. Putnam Invs Limited Liability Com has 128,974 shares for 0.01% of their US portfolio. Ajo Limited Partnership, a Pennsylvania-based fund reported 201,726 shares. Sg Americas Limited Liability Co, a New York-based fund reported 24,837 shares. The Quebec – Canada-based Fiera Corp has invested 0.03% in AVG Technologies NV (NYSE:AVG). Principal Financial Grp Inc has invested 0% of its portfolio in AVG Technologies NV (NYSE:AVG). Cambiar Investors Limited Liability Co has invested 0.43% of its portfolio in AVG Technologies NV (NYSE:AVG). Nationwide Fund Advsr last reported 0% of its portfolio in the stock. New York State Common Retirement Fund accumulated 88,467 shares or 0% of the stock. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% of its portfolio in AVG Technologies NV (NYSE:AVG) for 26,239 shares.

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 Streetinsider.com published the news titled: “Form RW AVG Technologies NV” on October 31, 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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