News headlines about BroadSoft (NASDAQ:BSFT) have been trending somewhat positive on Thursday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. BroadSoft earned a daily sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the software maker an impact score of 46.1762377729389 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

BroadSoft (NASDAQ BSFT) opened at $54.65 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.64 and a current ratio of 2.64. BroadSoft has a 12 month low of $33.85 and a 12 month high of $55.05. The firm has a market capitalization of $1,738.15, a PE ratio of -151.81, a price-to-earnings-growth ratio of 3.53 and a beta of 0.93.

A number of research firms recently issued reports on BSFT. Zacks Investment Research raised BroadSoft from a “hold” rating to a “buy” rating and set a $62.00 target price on the stock in a report on Wednesday, October 25th. BidaskClub lowered BroadSoft from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Cowen lowered BroadSoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 7th. Northland Securities reaffirmed a “hold” rating and set a $42.00 target price on shares of BroadSoft in a report on Wednesday, October 4th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $55.00 price target on shares of BroadSoft in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.40.

In other BroadSoft news, insider Scott D. Hoffpauir sold 4,448 shares of BroadSoft stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $54.66, for a total transaction of $243,127.68. Following the transaction, the insider now owns 83,945 shares of the company’s stock, valued at approximately $4,588,433.70. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last ninety days, insiders have sold 13,344 shares of company stock worth $721,110. Company insiders own 1.50% of the company’s stock.

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About BroadSoft

BroadSoft, Inc is a global provider of software and services that enable telecommunications service providers to deliver hosted, cloud-based Unified Communications (UC) to their enterprise customers. The BroadSoft Business solution is a communications and collaboration offering that enables telecommunications service providers to offer businesses and other enterprises UC features and functionalities on a cloud-delivered basis without the need for traditional premise-based private branch exchange (PBX) equipment.

Insider Buying and Selling by Quarter for BroadSoft (NASDAQ:BSFT)

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