Northland Securities assumed coverage on shares of Casa Systems (NASDAQ:CASA) in a report released on Tuesday, January 9th, MarketBeat reports. The brokerage issued an outperform rating and a $25.00 target price on the stock.
CASA has been the subject of a number of other reports. William Blair assumed coverage on Casa Systems in a report on Tuesday, January 9th. They set an outperform rating for the company. Barclays began coverage on Casa Systems in a research note on Tuesday, January 9th. They issued an equal weight rating and a $17.00 target price on the stock. Morgan Stanley began coverage on Casa Systems in a research note on Tuesday, January 9th. They issued an equal weight rating and a $21.00 target price on the stock. Finally, Stifel Nicolaus began coverage on Casa Systems in a research note on Tuesday, January 9th. They issued a buy rating and a $23.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and an average price target of $22.17.
Shares of Casa Systems (NASDAQ CASA) traded up $0.71 on Tuesday, reaching $20.61. The company’s stock had a trading volume of 475,744 shares, compared to its average volume of 272,794. The company has a debt-to-equity ratio of -2.74, a current ratio of 3.78 and a quick ratio of 3.22. Casa Systems has a 1 year low of $13.25 and a 1 year high of $21.29.
In other news, CEO Jerry Guo acquired 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The shares were acquired at an average price of $13.00 per share, for a total transaction of $1,300,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Bruce R. Evans acquired 250,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was purchased at an average price of $13.00 per share, for a total transaction of $3,250,000.00. The disclosure for this purchase can be found here. 64.39% of the stock is currently owned by corporate insiders.
An institutional investor recently bought a new position in Casa Systems stock. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Casa Systems Inc (NASDAQ:CASA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,040 shares of the company’s stock, valued at approximately $232,000.
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Casa Systems Company Profile
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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