Northland Securities assumed coverage on shares of Casa Systems (NASDAQ:CASA) in a report released on Tuesday morning, MarketBeat reports. The firm issued an outperform rating and a $25.00 price objective on the stock.
Several other equities analysts also recently commented on CASA. Stifel Nicolaus initiated coverage on Casa Systems in a research report on Tuesday. They issued a buy rating and a $23.00 price objective on the stock. William Blair initiated coverage on Casa Systems in a report on Tuesday. They issued an outperform rating on the stock. Barclays initiated coverage on Casa Systems in a report on Tuesday. They issued an equal weight rating and a $17.00 target price on the stock. Finally, Morgan Stanley initiated coverage on Casa Systems in a report on Tuesday. They issued an equal weight rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Casa Systems currently has an average rating of Buy and a consensus target price of $22.17.
Casa Systems (NASDAQ CASA) opened at $20.51 on Tuesday. Casa Systems has a 52-week low of $13.25 and a 52-week high of $20.51.
In related news, Director Bruce R. Evans acquired 250,000 shares of Casa Systems stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of $13.00 per share, with a total value of $3,250,000.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jerry Guo acquired 100,000 shares of Casa Systems stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of $13.00 per share, for a total transaction of $1,300,000.00. The disclosure for this purchase can be found here. Insiders own 64.39% of the company’s stock.
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About Casa Systems
Casa Systems, Inc is provides a software-centric infrastructure solutions. In addition, the Company offers solutions for next-generation distributed and virtualized architectures in cable operator, fixed telecom and wireless networks. Its products include axyom software platform, delivery platforms, multi-service applications, capacity expansion products.
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