Insider Buying: WideOpenWest Inc (WOW) CFO Purchases $34,300.00 in Stock
WideOpenWest Inc (NYSE:WOW) CFO Richard Edward Fish, Jr. bought 3,500 shares of the firm’s stock in a transaction dated Monday, December 18th. The shares were acquired at an average price of $9.80 per share, with a total value of $34,300.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
WideOpenWest Inc (NYSE:WOW) traded up $0.21 during midday trading on Friday, reaching $10.64. 154,271 shares of the company traded hands, compared to its average volume of 349,858. WideOpenWest Inc has a 52-week low of $8.64 and a 52-week high of $18.83. The company has a debt-to-equity ratio of -8.37, a current ratio of 0.73 and a quick ratio of 0.73.
WideOpenWest (NYSE:WOW) last posted its quarterly earnings results on Monday, November 13th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.17. The firm had revenue of $297.80 million for the quarter, compared to analysts’ expectations of $302.00 million. WideOpenWest’s quarterly revenue was down 4.3% compared to the same quarter last year. sell-side analysts predict that WideOpenWest Inc will post 0.77 EPS for the current fiscal year.
Several brokerages have recently weighed in on WOW. Zacks Investment Research upgraded shares of WideOpenWest from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Thursday, November 16th. Royal Bank of Canada cut their price target on shares of WideOpenWest from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Wednesday, November 22nd. SunTrust Banks reissued a “buy” rating and set a $18.00 price target on shares of WideOpenWest in a report on Tuesday, November 14th. Finally, UBS cut their price target on shares of WideOpenWest from $21.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday, November 14th. One analyst has rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $18.25.
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WideOpenWest, Inc is a cable operator in the United States. The Company provides high-speed data (HSD), cable television (Video), digital telephony (Telephony) and business-class services. The Company’s products are available either as a bundle or as an individual service to residential and business services customers.
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