BroadSoft, Inc. (NASDAQ:BSFT).
March 1 investment analysts at Northland Securities left the company rating at “Market Perform” but moved up the price target to $40.00 from $36.00. On January 20 the company was upgraded to “Outperform” from “Market Perform” by Wells Fargo.
On November 5 Deutsche Bank made no change to the company rating of “Hold” and moved up the price target from $30.00 to $33.00. May 5 investment analysts at Deutsche Bank kept the company rating at “Hold” but raised the price expectation to $30.00 from $27.00.
February 26 investment analysts at Jefferies maintained a stock rating of “Buy” and raised the price expectation from $33.25 to $37.00.
The company is trading up from yesterday’s close of $46.44. Company shares last traded at $47.12 which is slightly above the 50 day moving average which is $44.93 and marginally over the 200 day moving average of $42.32. The 50 day moving average was up $1.97 and the 200 day average was up $4.58.
BroadSoft, Inc.’s P/E ratio is 344.85 and the market cap is 1.40B. As of the latest earnings report the EPS was $0.14 and is expected to be $2.06 for the current year with 29,808,000 shares now outstanding. Next quarter’s EPS is forecasted at $0.82 with next year’s EPS projected to be $2.45.
Short traders are feeling a little more bearish lately as indicated by the uptick in short interest. The stock had a rise in short interest of 0.09% as of the latest report on September 15, 2016. Short shares grew 231,974 over that timeframe. Days to cover increased from 10.0 to 10.3 and the percentage of shorted shares was 0.10% on September 15.