RadiSys Corporation (NASDAQ:RSYS)‘s stock had its “buy” rating reissued by research analysts at DA Davidson in a research note issued on Friday. They presently have a $3.50 price target on the technology company’s stock. DA Davidson’s target price suggests a potential upside of 128.76% from the company’s previous close.

Several other brokerages have also recently weighed in on RSYS. Needham & Company LLC decreased their target price on RadiSys Corporation from $5.00 to $4.50 and set a “buy” rating for the company in a research note on Monday, July 10th. Jefferies Group LLC reaffirmed a “buy” rating and set a $3.00 target price (down previously from $6.25) on shares of RadiSys Corporation in a research note on Wednesday, August 2nd. Zacks Investment Research cut RadiSys Corporation from a “hold” rating to a “strong sell” rating in a research note on Friday, June 30th. ValuEngine cut RadiSys Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, September 1st. Finally, Lake Street Capital decreased their target price on RadiSys Corporation from $5.50 to $4.50 and set a “buy” rating for the company in a research note on Friday, July 7th. Two analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $3.60.

RadiSys Corporation (NASDAQ:RSYS) traded down 1.92% on Friday, hitting $1.53. The stock had a trading volume of 235,825 shares. The company’s market cap is $59.74 million. RadiSys Corporation has a one year low of $1.36 and a one year high of $5.81. The stock has a 50-day moving average of $1.76 and a 200-day moving average of $3.27.

RadiSys Corporation (NASDAQ:RSYS) last announced its earnings results on Tuesday, August 1st. The technology company reported ($0.07) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.15) by $0.08. RadiSys Corporation had a negative return on equity of 14.12% and a negative net margin of 14.38%. The business had revenue of $35.09 million during the quarter, compared to analysts’ expectations of $35.05 million. During the same quarter last year, the business posted $0.10 earnings per share. The company’s quarterly revenue was down 42.7% on a year-over-year basis. Equities analysts expect that RadiSys Corporation will post ($0.34) earnings per share for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in RSYS. Great Lakes Advisors LLC bought a new position in RadiSys Corporation during the first quarter valued at about $2,362,000. Paradigm Capital Management Inc. NY lifted its holdings in shares of RadiSys Corporation by 24.4% during the second quarter. Paradigm Capital Management Inc. NY now owns 2,940,445 shares of the technology company’s stock valued at $11,056,000 after purchasing an additional 577,132 shares during the last quarter. Pacific Ridge Capital Partners LLC lifted its holdings in shares of RadiSys Corporation by 27.4% during the first quarter. Pacific Ridge Capital Partners LLC now owns 1,717,437 shares of the technology company’s stock valued at $6,870,000 after purchasing an additional 369,827 shares during the last quarter. S Squared Technology LLC lifted its holdings in shares of RadiSys Corporation by 2,969.0% during the first quarter. S Squared Technology LLC now owns 306,902 shares of the technology company’s stock valued at $1,228,000 after purchasing an additional 296,902 shares during the last quarter. Finally, Herald Investment Management Ltd lifted its holdings in shares of RadiSys Corporation by 32.9% during the first quarter. Herald Investment Management Ltd now owns 605,500 shares of the technology company’s stock valued at $2,415,000 after purchasing an additional 150,000 shares during the last quarter. 58.70% of the stock is owned by institutional investors and hedge funds.

RadiSys Corporation Company Profile

Radisys Corporation (Radisys) is a services acceleration company. The Company’s application aware traffic distribution platforms, real-time media processing products and wireless access technologies enable service providers to virtualize and monetize their networks. The Company’s products and services are organized into two segments: Software-Systems, and Embedded Products and Hardware Services.

Analyst Recommendations for RadiSys Corporation (NASDAQ:RSYS)

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