WideOpenWest (NYSE:WOW) Price Target Lowered to $6.50 at Benchmark

WideOpenWest (NYSE:WOW - Get Free Report) had its target price lowered by stock analysts at Benchmark from $7.50 to $6.50 in a report released on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Benchmark's price objective suggests a potential upside of 55.65% from the company's current price.

Separately, Wall Street Zen upgraded WideOpenWest from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

WideOpenWest Price Performance

Shares of NYSE WOW traded down $0.03 during mid-day trading on Thursday, reaching $4.18. 203,688 shares of the company traded hands, compared to its average volume of 406,119. WideOpenWest has a fifty-two week low of $4.03 and a fifty-two week high of $5.80. The firm has a market cap of $356.95 million, a PE ratio of -3.74 and a beta of 1.32. The stock has a fifty day simple moving average of $4.44 and a 200-day simple moving average of $4.63. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.58 and a quick ratio of 0.58.

WideOpenWest (NYSE:WOW - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported ($0.17) earnings per share for the quarter, beating analysts' consensus estimates of ($0.19) by $0.02. WideOpenWest had a negative net margin of 14.17% and a negative return on equity of 22.83%. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $148.17 million. During the same period in the prior year, the company earned ($0.18) EPS. WideOpenWest's revenue was down 7.1% on a year-over-year basis. Equities research analysts anticipate that WideOpenWest will post -0.72 EPS for the current fiscal year.

Institutional Trading of WideOpenWest

Institutional investors and hedge funds have recently bought and sold shares of the stock. Horst & Graben Wealth Management LLC acquired a new position in shares of WideOpenWest in the first quarter worth about $51,000. ProShare Advisors LLC acquired a new stake in shares of WideOpenWest during the fourth quarter valued at approximately $70,000. Price T Rowe Associates Inc. MD lifted its position in shares of WideOpenWest by 15.7% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,530 shares of the company's stock valued at $97,000 after acquiring an additional 2,657 shares in the last quarter. R Squared Ltd acquired a new position in WideOpenWest in the 4th quarter worth approximately $98,000. Finally, Kingsview Wealth Management LLC grew its position in WideOpenWest by 26.3% during the 1st quarter. Kingsview Wealth Management LLC now owns 24,000 shares of the company's stock worth $119,000 after purchasing an additional 5,000 shares in the last quarter. Institutional investors and hedge funds own 87.77% of the company's stock.

About WideOpenWest

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.