BroadSoft Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:BSFT)
Shares of BroadSoft (NASDAQ:BSFT) have earned a consensus rating of “Hold” from the fifteen ratings firms that are covering the stock, AR Network reports. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $32.89.
Shares of BroadSoft (NASDAQ:BSFT) traded up 1.86% during mid-day trading on Friday, hitting $30.65. 102,049 shares of the company’s stock traded hands. BroadSoft has a 52-week low of $20.45 and a 52-week high of $37.93. The stock’s 50-day moving average is $28.83 and its 200-day moving average is $30.63. The company’s market cap is $865.5 million.
BSFT has been the subject of a number of recent research reports. Analysts at Dougherty & Co initiated coverage on shares of BroadSoft in a research note on Thursday, January 30th. They set a “buy” rating and a $36.00 price target on the stock. Separately, analysts at Needham & Company raised their price target on shares of BroadSoft to $33.00 in a research note on Thursday, January 30th. Finally, analysts at Mizuho initiated coverage on shares of BroadSoft in a research note on Tuesday, January 21st. They set a “buy” rating and a $36.00 price target on the stock.
BroadSoft, Inc (NASDAQ:BSFT) is a is a global provider of software and services that enable mobile, fixed-line and cable service providers to deliver unified communications (UC) and other voice and multimedia services over their Internet protocol-based (IP-based) networks.
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