AVG Technologies NV (AVG) Short Interest Update
AVG Technologies NV (NYSE:AVG) was the target of a large decrease in short interest in October. As of October 31st, there was short interest totalling 502,925 shares, a decrease of 45.8% from the October 14th total of 928,130 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 192,365 shares, the days-to-cover ratio is presently 2.6 days.
A number of equities analysts have recently issued reports on AVG shares. JMP Securities downgraded AVG Technologies NV from an “outperform” rating to a “market perform” rating and set a $25.00 price target on the stock. in a research report on Monday, August 1st. Imperial Capital increased their price target on AVG Technologies NV from $21.00 to $25.00 and gave the stock an “in-line” rating in a research report on Wednesday, August 10th. Finally, TheStreet raised AVG Technologies NV from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $24.38.
Shares of AVG Technologies NV (NYSE:AVG) opened at 25.05 on Wednesday. The company’s 50-day moving average price is $25.06 and its 200-day moving average price is $22.78. The company has a market cap of $1.27 billion, a P/E ratio of 28.73 and a beta of 1.08. AVG Technologies NV has a 12 month low of $16.12 and a 12 month high of $25.75.
Large investors have recently bought and sold shares of the stock. K2 Principal Fund L.P. acquired a new stake in AVG Technologies NV during the third quarter worth approximately $235,000. D. E. Shaw & Co. Inc. increased its stake in AVG Technologies NV by 33.1% in the third quarter. D. E. Shaw & Co. Inc. now owns 828,468 shares of the company’s stock worth $20,720,000 after buying an additional 205,842 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in AVG Technologies NV during the third quarter worth approximately $677,000. Two Sigma Securities LLC acquired a new stake in AVG Technologies NV during the third quarter worth approximately $244,000. Finally, KCG Holdings Inc. acquired a new stake in AVG Technologies NV during the third quarter worth approximately $417,000. Institutional investors own 80.46% of the company’s stock.
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AVG Technologies NV Company Profile
AVG Technologies N.V. provides software and online services. The Company operates through two segments: Consumer and small and medium sized business (SMB). Its 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.
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