Casa Systems Inc (NASDAQ:CASA) has been assigned a consensus rating of “Buy” from the seven analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $22.17.

A number of brokerages have issued reports on CASA. Raymond James Financial began coverage on Casa Systems in a report on Tuesday, January 9th. They set an “outperform” rating and a $23.00 price target for the company. Northland Securities began coverage on Casa Systems in a report on Tuesday, January 9th. They set an “outperform” rating and a $25.00 price target for the company. William Blair began coverage on Casa Systems in a report on Tuesday, January 9th. They set an “outperform” rating for the company. Morgan Stanley began coverage on Casa Systems in a report on Tuesday, January 9th. They set an “equal weight” rating and a $21.00 price target for the company. Finally, Stifel Nicolaus began coverage on Casa Systems in a report on Tuesday, January 9th. They set a “buy” rating and a $23.00 price target for the company.

In other news, Director Bruce R. Evans bought 250,000 shares of Casa Systems stock in a transaction dated Tuesday, December 19th. The stock was acquired 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 SEC, which is accessible through this hyperlink. Also, CEO Jerry Guo bought 100,000 shares of Casa Systems stock in a transaction dated Tuesday, December 19th. The stock was purchased at an average cost of $13.00 per share, with a total value of $1,300,000.00. The disclosure for this purchase can be found here. 64.39% of the stock is currently owned by insiders.

An institutional investor recently bought a new position in Casa Systems stock. Gilder Gagnon Howe & Co. LLC bought a new stake in Casa Systems Inc (NASDAQ:CASA) in the 4th quarter, according to 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. Institutional investors own 0.53% of the company’s stock.

Shares of Casa Systems (NASDAQ CASA) traded down $1.60 during midday trading on Friday, reaching $18.64. The company’s stock had a trading volume of 290,365 shares, compared to its average volume of 328,102. The company has a quick ratio of 3.22, a current ratio of 3.78 and a debt-to-equity ratio of -2.74. Casa Systems has a 12 month low of $13.25 and a 12 month high of $22.50.

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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.

Analyst Recommendations for Casa Systems (NASDAQ:CASA)

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