Home Europe Unterberg Capital Llc Sells 572,200 Shares of Fusion Telecommunications International, Inc. (FSNN)...

Unterberg Capital Llc Sells 572,200 Shares of Fusion Telecommunications International, Inc. (FSNN) Stock

(NASDAQ:FSNN) major shareholder Unterberg Capital Llc sold 572,200 shares of the company’s stock in a transaction that occurred on Friday, September 1st.

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Fusion Telecommunications International, Inc. (NASDAQ:FSNN) major shareholder Unterberg Capital Llc sold 572,200 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $2.91, for a total transaction of $1,665,102.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Unterberg Capital Llc also recently made the following trade(s):

  • On Wednesday, September 6th, Unterberg Capital Llc sold 258,000 shares of Fusion Telecommunications International stock. The shares were sold at an average price of $2.85, for a total transaction of $735,300.00.
  • On Tuesday, September 5th, Unterberg Capital Llc sold 87,200 shares of Fusion Telecommunications International stock. The shares were sold at an average price of $2.89, for a total transaction of $252,008.00.
  • On Wednesday, August 30th, Unterberg Capital Llc sold 477,948 shares of Fusion Telecommunications International stock. The shares were sold at an average price of $3.26, for a total transaction of $1,558,110.48.
  • On Monday, August 28th, Unterberg Capital Llc sold 745,000 shares of Fusion Telecommunications International stock. The shares were sold at an average price of $2.12, for a total transaction of $1,579,400.00.

Fusion Telecommunications International, Inc. (FSNN) traded down 2.40% during mid-day trading on Thursday, hitting $2.44. 637,486 shares of the stock traded hands. Fusion Telecommunications International, Inc. has a 12-month low of $0.96 and a 12-month high of $3.57. The company has a 50 day moving average of $1.99 and a 200-day moving average of $1.63. The stock’s market cap is $54.91 million.

Fusion Telecommunications International (NASDAQ:FSNN) last posted its quarterly earnings data on Monday, August 14th. The Wireless communications provider reported ($0.14) earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $38.09 million for the quarter, compared to analyst estimates of $32.47 million. Equities research analysts forecast that Fusion Telecommunications International, Inc. will post ($0.59) earnings per share for the current year.

A hedge fund recently bought a new stake in Fusion Telecommunications International stock. B. Riley Financial Inc. acquired a new stake in Fusion Telecommunications International, Inc. (NASDAQ:FSNN) during the second quarter, according to its most recent filing with the SEC. The firm acquired 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 reporting period. 20.81% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have issued reports on FSNN shares. Zacks Investment Research upgraded shares of Fusion Telecommunications International from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research note 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 issued a $5.00 price objective (up from $3.00) on shares of Fusion Telecommunications International in a report on Wednesday, August 30th. Finally, B. Riley reaffirmed a “buy” rating and issued a $3.00 price objective on shares of Fusion Telecommunications International in a report on Sunday, September 3rd.

Insider Buying and Selling by Quarter for Fusion Telecommunications International (NASDAQ:FSNN)

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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