Why are Institutional Investors Interested in Buying Avaya Holdings Corp. (AVYA)?

Avaya Holdings Corp. (NYSE: AVYA) is 15.20% higher on its value in year-to-date trading and has touched a low of $6.13 and a high of $21.21 in the current 52-week trading range. The AVYA stock was last observed hovering at around $19.75 in the last trading session, with the day’s gains setting it 2.31% off its average median price target of $22.00 for the next 12 months. It is also 15.15% off the consensus price target high of $26.00 offered by 10 analysts, but current levels are -22.56% lower than the price target low of $18.00 for the same period.

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Currently trading at $22.06, the stock is 12.91% and 17.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.99 million and changing 11.70% at the moment leaves the stock 49.99% off its SMA200. AVYA registered 75.92% gain for a year compared to 6-month gain of 83.53%. The firm has a 50-day simple moving average (SMA 50) of $19.42 and a 200-day simple moving average (SMA200) of $16.36.

The stock witnessed a 15.44% loss in the last 1 month and extending the period to 3 months gives it a 16.41%, and is 15.20% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.10% over the week and 4.34% over the month.

Avaya Holdings Corp. (AVYA) has around 8266 employees, a market worth around $1.65B and $2.87B in sales. Fwd P/E is 4.87. Profit margin for the company is -23.90%. Distance from 52-week low is 259.87% and 4.01% from its 52-week high. The company has generated returns on investments over the last 12 months (-16.70%).

Avaya Holdings Corp. (AVYA) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Avaya Holdings Corp. (AVYA) is a “Overweight”. 10 analysts offering their recommendations for the stock have an average rating of 2.10, where 2 rate it as a Hold and 1 think it is a “Overweight”. 7 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Avaya Holdings Corp. is expected to release its quarterly report on 05/13/2021 and quarterly earnings per share for the current quarter are estimated at $1.01 with sales reaching $723.73M over the same period.The EPS is expected to shrink by -23.10% this year, but quarterly earnings will post 1.00% year-over-year. Quarterly sales are estimated to grow 1.80% in year-over-year returns.

Avaya Holdings Corp. (AVYA) Top Institutional Holders

298 institutions hold shares in Avaya Holdings Corp. (AVYA), with 2.1M shares held by insiders accounting for 2.52% while institutional investors hold 116.21% of the company’s shares. The shares outstanding are 83.50M, and float is at 81.22M with Short Float at 13.76%. Institutions hold 113.29% of the Float.

The top institutional shareholder in the company is Vanguard Group, Inc. (The) with over 8.15 million shares valued at $123.9 million. The investor’s holdings represent 7.36% of the AVYA Shares outstanding. As of Sep 29, 2020, the second largest holder is JP Morgan Chase & Company with 6.71 million shares valued at $101.92 million to account for 6.06% of the shares outstanding. The other top investors are Blackrock Inc. which holds 5.8 million shares representing 5.24% and valued at over $88.15 million, while Victory Capital Management Inc. holds 4.56% of the shares totaling 5.05 million with a market value of $76.79 million.

Avaya Holdings Corp. (AVYA) Insider Activity

A total of 34 insider transactions have happened at Avaya Holdings Corp. (AVYA) in the last six months, with sales accounting for 16 and purchases happening 18 times. The most recent transaction is an insider purchase by McGrath Kieran J, the company’s EVP & CFO. SEC filings show that McGrath Kieran J bought 28,700 shares of the company’s common stock on Mar 11 at a price of $8.72 per share for a total of $0.25 million. Following the purchase, the insider now owns 0.33 million shares.

Avaya Holdings Corp. disclosed in a document filed with the SEC on Mar 10 that Shah Shefali A (EVP, CAO and General Counsel) bought a total of 10,000 shares of the company’s common stock. The trade occurred on Mar 10 and was made at $9.14 per share for $91350.0. Following the transaction, the insider now directly holds 0.15 million shares of the AVYA stock.

Still, SEC filings show that on Mar 03, Bartolo Anthony (EVP, Chief Product Officer) acquired 10,000 shares at an average price of $12.88 for $0.13 million. The insider now directly holds 185,746 shares of Avaya Holdings Corp. (AVYA).

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