ShoreTel, Inc. (NASDAQ:SHOR) has been given a consensus rating of “Hold” by the nine analysts that are covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating and six have issued a hold rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $7.50.

A number of equities analysts have recently commented on SHOR shares. ValuEngine cut ShoreTel from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded ShoreTel from a “hold” rating to a “strong-buy” rating and set a $7.75 target price for the company in a report on Wednesday, May 3rd. BidaskClub upgraded ShoreTel from a “strong sell” rating to a “sell” rating in a report on Monday, July 31st. Northland Securities cut ShoreTel from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $10.00 to $7.50 in a report on Friday, July 28th. Finally, Sidoti cut ShoreTel from a “buy” rating to a “neutral” rating in a report on Friday, July 28th.

Shares of ShoreTel (NASDAQ:SHOR) opened at 7.50 on Wednesday. The stock’s 50 day moving average is $6.65 and its 200 day moving average is $6.35. The firm’s market cap is $513.88 million. ShoreTel has a 12 month low of $5.55 and a 12 month high of $8.50.

ShoreTel (NASDAQ:SHOR) last announced its earnings results on Wednesday, August 2nd. The communications equipment provider reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.04. The firm had revenue of $95.72 million during the quarter, compared to analysts’ expectations of $90.69 million. ShoreTel had a negative return on equity of 0.67% and a negative net margin of 3.48%. Equities research analysts expect that ShoreTel will post $0.15 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. Virtu KCG Holdings LLC boosted its position in ShoreTel by 54.5% in the second quarter. Virtu KCG Holdings LLC now owns 22,827 shares of the communications equipment provider’s stock worth $132,000 after buying an additional 8,048 shares during the last quarter. PEAK6 Investments L.P. boosted its position in ShoreTel by 92.9% in the first quarter. PEAK6 Investments L.P. now owns 22,686 shares of the communications equipment provider’s stock worth $140,000 after buying an additional 10,927 shares during the last quarter. Princeton Alpha Management LP acquired a new position in ShoreTel during the first quarter worth about $159,000. Marshall Wace North America L.P. acquired a new position in ShoreTel during the second quarter worth about $162,000. Finally, Stevens Capital Management LP acquired a new position in ShoreTel during the first quarter worth about $174,000. Institutional investors own 87.17% of the company’s stock.

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ShoreTel Company Profile

ShoreTel, Inc is a provider of business communication solutions. The Company is engaged in the design, development, marketing and sale of business communication solutions. The Company is focused on the small and medium sized businesses seeking a unified communications (UC) solution allowing them to communicate anytime, anyplace and through any device they chose.

Analyst Recommendations for ShoreTel (NASDAQ:SHOR)

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