Analysts Set $5.75 Target Price for Westell Technologies Inc. (WSTL)

Westell Technologies Inc. (NASDAQ:WSTL) has earned an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a 12 month consensus price target of $5.75 for the company and are anticipating that the company will post $0.10 EPS for the current quarter, according to Zacks. Zacks has also given Westell Technologies an industry rank of 185 out of 255 based on the ratings given to its competitors.

A number of equities research analysts have weighed in on the stock. ValuEngine downgraded shares of Westell Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research lowered shares of Westell Technologies from a “buy” rating to a “hold” rating in a research note on Saturday, April 14th.

A number of hedge funds have recently bought and sold shares of WSTL. Renaissance Technologies LLC lifted its stake in Westell Technologies by 7.6% during the fourth quarter. Renaissance Technologies LLC now owns 1,121,251 shares of the communications equipment provider’s stock valued at $4,205,000 after buying an additional 79,193 shares in the last quarter. Royce & Associates LP lifted its stake in Westell Technologies by 13.4% during the fourth quarter. Royce & Associates LP now owns 627,238 shares of the communications equipment provider’s stock valued at $2,352,000 after buying an additional 74,300 shares in the last quarter. Algert Global LLC lifted its stake in Westell Technologies by 15.0% during the first quarter. Algert Global LLC now owns 314,074 shares of the communications equipment provider’s stock valued at $1,052,000 after buying an additional 40,931 shares in the last quarter. RMB Capital Management LLC purchased a new stake in Westell Technologies during the first quarter valued at about $127,000. Finally, Virtu Financial LLC purchased a new stake in Westell Technologies during the fourth quarter valued at about $122,000. 25.50% of the stock is owned by institutional investors.

Shares of Westell Technologies opened at $2.91 on Monday, according to Marketbeat. Westell Technologies has a twelve month low of $2.70 and a twelve month high of $4.60. The stock has a market capitalization of $45.29 million, a price-to-earnings ratio of 14.55 and a beta of 1.41.

Westell Technologies (NASDAQ:WSTL) last issued its quarterly earnings results on Thursday, May 24th. The communications equipment provider reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.05 by ($0.02). Westell Technologies had a net margin of 0.05% and a return on equity of 6.21%. The business had revenue of $11.10 million during the quarter, compared to analyst estimates of $14.46 million. equities research analysts anticipate that Westell Technologies will post 0.3 earnings per share for the current fiscal year.

Westell Technologies Company Profile

Westell Technologies, Inc, through its subsidiary, Westell, Inc, designs and distributes telecommunications products to telephone companies in the United States. The company operates through three segments: In-Building Wireless (IBW), Intelligent Site Management and Services (ISMS), and Communications Network Solutions (CNS).

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