WideOpenWest (NYSE:WOW) Share Price Passes Below 50-Day Moving Average of $5.37

WideOpenWest, Inc. (NYSE:WOW) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.37 and traded as low as $5.24. WideOpenWest shares last traded at $5.24, with a volume of 349,533 shares.

Analysts Set New Price Targets

WOW has been the topic of several research analyst reports. Raymond James reaffirmed an “underperform” rating on shares of WideOpenWest in a research report on Tuesday, July 2nd. Benchmark reduced their target price on WideOpenWest from $8.00 to $7.50 and set a “buy” rating on the stock in a report on Monday, August 26th.

WideOpenWest Trading Down 2.1 %

The firm’s 50 day simple moving average is $5.37 and its two-hundred day simple moving average is $4.66. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 4.04. The stock has a market cap of $443.13 million, a P/E ratio of -1.61 and a beta of 1.49.

WideOpenWest (NYSE:WOW) last announced its quarterly earnings data on Thursday, August 8th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.01. WideOpenWest had a negative net margin of 26.25% and a negative return on equity of 12.57%. The business had revenue of $158.80 million during the quarter, compared to the consensus estimate of $159.14 million. During the same quarter in the prior year, the firm earned ($0.01) EPS. The company’s revenue for the quarter was down 8.0% compared to the same quarter last year. As a group, equities research analysts predict that WideOpenWest, Inc. will post -0.61 earnings per share for the current fiscal year.

Insider Transactions at WideOpenWest

In related news, insider Don Schena sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $5.29, for a total transaction of $52,900.00. Following the completion of the transaction, the insider now owns 276,413 shares in the company, valued at approximately $1,462,224.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Don Schena sold 10,000 shares of WideOpenWest stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $5.29, for a total value of $52,900.00. Following the sale, the insider now directly owns 276,413 shares in the company, valued at approximately $1,462,224.77. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Teresa L. Elder sold 20,000 shares of the business’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $5.29, for a total transaction of $105,800.00. Following the transaction, the chief executive officer now directly owns 1,575,787 shares of the company’s stock, valued at $8,335,913.23. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,000 shares of company stock worth $263,300. 4.00% of the stock is currently owned by company insiders.

Institutional Trading of WideOpenWest

Large investors have recently added to or reduced their stakes in the business. Gabelli Funds LLC boosted its position in WideOpenWest by 29.0% during the 4th quarter. Gabelli Funds LLC now owns 821,931 shares of the company’s stock worth $3,329,000 after acquiring an additional 184,900 shares during the period. Bares Capital Management Inc. grew its position in WideOpenWest by 14.5% in the 4th quarter. Bares Capital Management Inc. now owns 2,630,434 shares of the company’s stock valued at $10,653,000 after buying an additional 332,224 shares in the last quarter. HighPoint Advisor Group LLC bought a new position in WideOpenWest in the 4th quarter valued at about $73,000. Dynamic Technology Lab Private Ltd acquired a new position in WideOpenWest during the 4th quarter valued at about $97,000. Finally, BNP Paribas Financial Markets raised its position in shares of WideOpenWest by 33.3% during the 1st quarter. BNP Paribas Financial Markets now owns 54,088 shares of the company’s stock worth $196,000 after buying an additional 13,505 shares in the last quarter. 87.77% of the stock is currently owned by institutional investors and hedge funds.

WideOpenWest Company Profile

WideOpenWest, Inc provides high speed data, cable television, and digital telephony services to residential and business services customers in the United States. The company's video services include basic cable services that comprise local broadcast television and local community programming; digital cable services; WOW tv+ that offers traditional cable video and cloud DVR functionality, voice remote with Google Assistant, and Netflix integration along with access to various streaming services and apps through the Google Play Store; and commercial-free movies, TV shows, sports, and other special event entertainment programs.