Brokerages Set RadiSys Co. (RSYS) Price Target at $3.58
Shares of RadiSys Co. (NASDAQ:RSYS) have been assigned an average rating of “Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $3.58.
RSYS has been the topic of a number of analyst reports. Zacks Investment Research upgraded RadiSys from a “hold” rating to a “buy” rating and set a $0.75 price target on the stock in a research note on Thursday, April 26th. ValuEngine upgraded RadiSys from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. DA Davidson cut RadiSys from a “buy” rating to a “neutral” rating in a research note on Monday, July 2nd. Northland Securities cut RadiSys from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 3rd. Finally, Roth Capital restated a “neutral” rating and issued a $6.00 price target on shares of RadiSys in a research note on Monday, July 9th.
RadiSys stock opened at $1.51 on Friday. RadiSys has a 1-year low of $0.53 and a 1-year high of $1.73. The company has a debt-to-equity ratio of -1.10, a quick ratio of 0.90 and a current ratio of 0.97. The firm has a market capitalization of $55.45 million, a price-to-earnings ratio of -2.75 and a beta of 1.54.
Several hedge funds have recently modified their holdings of the business. Renaissance Technologies LLC grew its holdings in shares of RadiSys by 22.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,094,099 shares of the technology company’s stock worth $3,110,000 after purchasing an additional 573,400 shares during the last quarter. Arbor Wealth Management LLC purchased a new position in shares of RadiSys during the second quarter worth about $1,981,000. Ancora Advisors LLC grew its holdings in shares of RadiSys by 19.7% during the first quarter. Ancora Advisors LLC now owns 709,312 shares of the technology company’s stock worth $455,000 after purchasing an additional 116,565 shares during the last quarter. California Public Employees Retirement System grew its holdings in shares of RadiSys by 171.9% during the first quarter. California Public Employees Retirement System now owns 234,416 shares of the technology company’s stock worth $150,000 after purchasing an additional 148,216 shares during the last quarter. Finally, Millennium Management LLC purchased a new position in shares of RadiSys during the fourth quarter worth about $200,000. 32.26% of the stock is currently owned by institutional investors.
RadiSys Company Profile
Radisys Corporation provides telecom solutions worldwide. It operates in two segments, Software-Systems and Hardware Solutions. The company's products include MediaEngine products that provide media processing capabilities required for applications, such as voice over long-term evolution (VoLTE), voice over Wi-Fi, Web real-time communication, and multimedia conferencing, as well as media interworking; and MobilityEngine, Its MobilityEngine products portfolio provide solutions for 4G, LTE-Advance and emerging 5G standards for RAN use cases, including Centralized, Virtualized and multi access edge compute (MEC).
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