BroadSoft Inc (NASDAQ:BSFT) has been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $47.40.
BSFT has been the subject of several research analyst reports. Zacks Investment Research raised BroadSoft from a “sell” rating to a “hold” rating in a research report on Monday, January 8th. BidaskClub lowered BroadSoft from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 10th.
In other news, insider Scott D. Hoffpauir sold 4,448 shares of the stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $54.96, for a total transaction of $244,462.08. Following the completion of the transaction, the insider now owns 77,991 shares in the company, valued at approximately $4,286,385.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by corporate insiders.
Shares of BroadSoft stock traded up $0.05 during trading hours on Friday, hitting $54.95. 19,000 shares of the company’s stock traded hands, compared to its average volume of 821,017. BroadSoft has a 12-month low of $33.85 and a 12-month high of $55.05. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.41.
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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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