BroadSoft Inc (NASDAQ:BSFT) has earned a consensus rating of “Hold” from the thirteen research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $47.40.
A number of analysts recently issued reports on BSFT shares. BidaskClub cut BroadSoft from a “hold” rating to a “sell” rating in a research report on Wednesday, December 20th. Northland Securities reissued a “hold” rating and issued a $42.00 target price on shares of BroadSoft in a research report on Sunday, November 19th. Raymond James Financial cut BroadSoft from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research cut BroadSoft from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd.
BroadSoft (NASDAQ:BSFT) traded up $0.05 during trading hours on Wednesday, hitting $54.95. The stock had a trading volume of 19,000 shares, compared to its average volume of 821,017. The firm has a market cap of $1,740.00, a PE ratio of -152.64 and a beta of 0.97. BroadSoft has a twelve month low of $33.85 and a twelve month high of $55.05. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.41.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. raised its stake in BroadSoft by 3.0% during the 4th quarter. BlackRock Inc. now owns 2,226,250 shares of the software maker’s stock valued at $122,221,000 after acquiring an additional 65,820 shares during the last quarter. Brown Advisory Inc. raised its stake in BroadSoft by 2.9% during the 4th quarter. Brown Advisory Inc. now owns 1,773,573 shares of the software maker’s stock valued at $97,369,000 after acquiring an additional 50,677 shares during the last quarter. Deutsche Bank AG raised its stake in BroadSoft by 101.6% during the 4th quarter. Deutsche Bank AG now owns 1,731,146 shares of the software maker’s stock valued at $95,037,000 after acquiring an additional 872,366 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in BroadSoft during the 4th quarter valued at approximately $67,743,000. Finally, Legion Partners Asset Management LLC raised its stake in BroadSoft by 166.0% during the 3rd quarter. Legion Partners Asset Management LLC now owns 929,226 shares of the software maker’s stock valued at $46,740,000 after acquiring an additional 579,835 shares during the last quarter.
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BroadSoft Company Profile
BroadSoft, Inc is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment.
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