Fusion Telecommunications International, Inc. (FSNN) Given Average Rating of “Strong Buy” by Analysts
Fusion Telecommunications International, Inc. (NASDAQ:FSNN) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $4.00 for the company and are predicting that the company will post ($0.12) EPS for the current quarter, according to Zacks. Zacks has also given Fusion Telecommunications International an industry rank of 105 out of 265 based on the ratings given to its competitors.
A number of research firms have recently weighed in on FSNN. B. Riley restated a “buy” rating and set a $3.00 target price on shares of Fusion Telecommunications International in a research report on Sunday, August 20th. Zacks Investment Research downgraded Fusion Telecommunications International from a “buy” rating to a “hold” rating in a research report on Tuesday, October 17th. Craig Hallum restated a “buy” rating and set a $5.00 target price (up previously from $3.00) on shares of Fusion Telecommunications International in a research report on Wednesday, August 30th. Finally, ValuEngine downgraded Fusion Telecommunications International from a “hold” rating to a “sell” rating in a research report on Monday, October 2nd.
Fusion Telecommunications International (NASDAQ:FSNN) remained flat at $2.81 on Friday. 116,595 shares of the stock traded hands. Fusion Telecommunications International has a 52 week low of $0.96 and a 52 week high of $3.57. The company’s market cap is $63.24 million. The company’s 50 day moving average is $2.77 and its 200-day moving average is $1.82.
Fusion Telecommunications International (NASDAQ:FSNN) last released its earnings results on Monday, August 14th. The Wireless communications provider reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.01. The company had revenue of $38.09 million during the quarter, compared to the consensus estimate of $32.47 million. Fusion Telecommunications International had a negative return on equity of 202.95% and a negative net margin of 10.47%. On average, equities analysts anticipate that Fusion Telecommunications International will post ($0.59) EPS for the current year.
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In related news, major shareholder Asa Apptix sold 176,000 shares of the company’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $2.89, for a total value of $508,640.00. Following the completion of the sale, the insider now owns 2,510,012 shares in the company, valued at $7,253,934.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Unterberg Capital Llc sold 745,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $2.12, for a total value of $1,579,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,204,017 shares of company stock valued at $8,786,629. 19.10% of the stock is currently owned by corporate insiders.
A hedge fund recently bought a new stake in Fusion Telecommunications International stock. B. Riley Financial Inc. purchased a new position in Fusion Telecommunications International, Inc. (NASDAQ:FSNN) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 100,000 shares of the Wireless communications provider’s stock, valued at approximately $145,000. B. Riley Financial Inc. owned approximately 0.45% of Fusion Telecommunications International at the end of the most recent reporting period. 20.81% of the stock is owned by institutional investors and hedge funds.
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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