Today, a Director at GTT Communications (NYSE: GTT), Theodore Smith, bought shares of GTT for $39.94K.
In addition to Theodore Smith, 3 other GTT executives reported Buy trades in the last month.
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Based on GTT Communications’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $327 million and GAAP net loss of $136 million. In comparison, last year the company earned revenue of $186 million and had a net profit of $649K. Currently, GTT Communications has an average volume of 746.6K. The Company has a Price to Book ratio of 8.4304.
11 different firms, including BTIG and Cowen & Co., currently also have a Buy rating on the stock. Based on 7 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $43.20, reflecting a -9.8% downside.
The insider sentiment on GTT Communications has been positive according to 136 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.
Theodore Smith’s trades have generated a 35.2% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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GTT Communications, Inc. engages in the provision of cloud networking services to multinational clients. It offers broad portfolio of global services including private networking; Internet; optical transport; Software Defined Wide Area Networking; managed services; voice and unified communications; video transport; and access services.
