Shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus target price of $4.00 for the company and are expecting that the company will post ($0.12) earnings per share for the current quarter, according to Zacks. Zacks has also given Fusion Telecommunications International an industry rank of 109 out of 265 based on the ratings given to related companies.
A number of equities research analysts have recently issued reports on FSNN shares. Zacks Investment Research raised shares of Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $3.50 target price for the company in a report on Monday, September 4th. ValuEngine raised shares of Fusion Telecommunications International from a “strong sell” rating to a “sell” rating in a report on Monday, August 28th. Craig Hallum reaffirmed a “buy” rating and set a $5.00 target price (up previously from $3.00) on shares of Fusion Telecommunications International in a report on Wednesday, August 30th. Finally, B. Riley reaffirmed a “buy” rating and set a $3.00 target price on shares of Fusion Telecommunications International in a report on Sunday, August 20th.
In other news, major shareholder Unterberg Capital Llc sold 745,000 shares of the business’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $2.12, for a total transaction of $1,579,400.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Asa Apptix sold 176,000 shares of the business’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $2.89, for a total transaction of $508,640.00. Following the transaction, the insider now directly owns 2,510,012 shares in the company, valued at approximately $7,253,934.68. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,204,017 shares of company stock worth $8,786,629. Corporate insiders own 19.10% of the company’s stock.
A hedge fund recently bought a new stake in Fusion Telecommunications International stock. B. Riley Financial Inc. purchased a new stake in shares of Fusion Telecommunications International, Inc. (NASDAQ:FSNN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 100,000 shares of the Wireless communications provider’s stock, valued at approximately $145,000. B. Riley Financial Inc. owned about 0.45% of Fusion Telecommunications International at the end of the most recent quarter. Hedge funds and other institutional investors own 20.36% of the company’s stock.
Fusion Telecommunications International (NASDAQ FSNN) traded up 1.91% during trading on Friday, reaching $2.67. 66,353 shares of the company’s stock traded hands. The company has a 50-day moving average price of $2.76 and a 200 day moving average price of $1.86. Fusion Telecommunications International has a one year low of $0.96 and a one year high of $3.57. The firm’s market capitalization is $60.09 million.
Fusion Telecommunications International (NASDAQ:FSNN) last released its earnings results on Monday, August 14th. The Wireless communications provider reported ($0.14) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.15) by $0.01. Fusion Telecommunications International had a negative net margin of 10.47% and a negative return on equity of 202.95%. The business had revenue of $38.09 million during the quarter, compared to analyst estimates of $32.47 million. On average, analysts anticipate that Fusion Telecommunications International will post ($0.59) earnings per share for the current fiscal year.
About Fusion Telecommunications International
Fusion Telecommunications International, Inc is a United States-based provider of integrated cloud solutions, including cloud voice, cloud connectivity, cloud infrastructure, cloud computing, and managed cloud-based applications to businesses, and voice over Internet Protocol (VoIP)-based voice services to carriers.
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