Casa Systems Inc (NASDAQ:CASA) price target set to $18.00 by Morgan Stanley

By Market Exclusive

Analyst Ratings For Casa Systems Inc (NASDAQ:CASA)

Today, Morgan Stanley set its price target on Casa Systems Inc (NASDAQ:CASA) to $18.00 per share.

There are 6 Buy Ratings, 2 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Casa Systems Inc (NASDAQ:CASA) is Buy with a consensus target price of $22.5714 per share, a potential 86.85% upside.

Some recent analyst ratings include

  • 8/15/2018-Casa Systems Inc (NASDAQ:CASA) gets downgraded to Neutral by Macquarie with a price target of $24.00
  • 3/7/2018-Casa Systems Inc (NASDAQ:CASA) had its Equal Weight ➝ Equal Weight rating reiterated by Barclays with a $25.00 price target
  • 1/9/2018-Casa Systems Inc (NASDAQ:CASA) has coverage initiated with a Outperform ➝ Outperform rating and $23.00 price target

Recent Insider Trading Activity For Casa Systems Inc (NASDAQ:CASA)
Casa Systems Inc (NASDAQ:CASA) has insider ownership of 65.20% and institutional ownership of 49.67%.

  • On 4/30/2018 2012 Irrevocable Tru Dragonfly, Major Shareholder, sold 415,343 with an average share price of $23.89 per share and the total transaction amounting to $9,922,544.27.
  • On 4/30/2018 Gary D Hall, CFO, sold 62,301 with an average share price of $23.89 per share and the total transaction amounting to $1,488,370.89.
  • On 4/30/2018Jerry Guo, CEO, sold 1,402,905 with an average share price of $23.89 per share and the total transaction amounting to $33,515,400.45.
  • On 4/30/2018Lucy Xie, SVP, sold 266,381 with an average share price of $23.89 per share and the total transaction amounting to $6,363,842.09.
  • On 4/30/2018Peter Y Chung, Director, sold 4,717,520 with an average share price of $25.00 per share and the total transaction amounting to $117,938,000.00.
  • On 4/30/2018Weidong Chen, Insider, sold 360,948 with an average share price of $23.89 per share and the total transaction amounting to $8,623,047.72.
  • On 12/19/2017 Bruce R Evans, Director, bought 250,000 with an average share price of $13.00 per share and the total transaction amounting to $3,250,000.00.

About Casa Systems Inc (NASDAQ:CASA)
Casa Systems, Inc. provides software-centric broadband products in North America, Latin America, the Asia-Pacific, Europe, the Middle East, and Africa. The company offers software-centric infrastructure solutions that allow cable service providers to deliver voice, video, and data services over a single platform at multi-gigabit speeds. It also provides solutions for next-generation centralized, distributed, and virtualized architectures for cable broadband, fixed-line broadband, and wireless networks. Casa Systems, Inc. was founded in 2003 and is headquartered in Andover, Massachusetts.

Recent Trading Activity for Casa Systems Inc (NASDAQ:CASA)
Shares of Casa Systems Inc closed the previous trading session at 12,08 −3,52 22,56 % with shares trading hands.

This article provided by NewsEdge.