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BroadSoft (NASDAQ:BSFT)‘s stock had its “hold” rating reiterated by investment analysts at Deutsche Bank in a note issued to investors on Tuesday. They currently have a $22.00 price target on the stock, up from their previous price target of $20.00. Deutsche Bank’s price objective indicates a potential downside of 8.64% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Needham & Company LLC raised their price target on shares of BroadSoft from $28.00 to $29.00 in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of BroadSoft from $29.00 to $33.25 in a research note on Tuesday. They now have a “buy” rating on the stock. Finally, analysts at TheStreet downgraded shares of BroadSoft from a “hold” rating to a “sell” rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $29.63.

Shares of BroadSoft (NASDAQ:BSFT) traded up 0.75% on Tuesday, hitting $24.26. The stock had a trading volume of 406,407 shares. BroadSoft has a 52-week low of $18.88 and a 52-week high of $37.93. The stock’s 50-day moving average is $24.38 and its 200-day moving average is $25.85. The company’s market cap is $693.4 million.

BroadSoft (NASDAQ:BSFT) last posted its quarterly earnings results on Monday, August 4th. The company reported $0.31 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.07. The company had revenue of $52.50 million for the quarter, compared to the consensus estimate of $49.45 million. During the same quarter in the prior year, the company posted $0.32 earnings per share. The company’s quarterly revenue was up 19.3% on a year-over-year basis. On average, analysts predict that BroadSoft will post $1.28 earnings per share for the current fiscal year.

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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