Raymond James Financial assumed coverage on shares of Casa Systems (NASDAQ:CASA) in a research report sent to investors on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $23.00 target price on the stock.

CASA has been the topic of several other reports. William Blair initiated coverage on Casa Systems in a research report on Tuesday. They issued an outperform rating on the stock. Barclays initiated coverage on Casa Systems in a research report on Tuesday. They set an equal weight rating and a $17.00 price target on the stock. Morgan Stanley initiated coverage on Casa Systems in a research report on Tuesday. They set an equal weight rating and a $21.00 price target on the stock. Stifel Nicolaus initiated coverage on Casa Systems in a research report on Tuesday. They set a buy rating and a $23.00 price target on the stock. Finally, Northland Securities initiated coverage on Casa Systems in a research report on Tuesday. They set an outperform rating and a $25.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus price target of $22.17.

Casa Systems (CASA) opened at $20.51 on Tuesday. Casa Systems has a 12-month low of $13.25 and a 12-month high of $20.51.

In related news, Director Bruce R. Evans purchased 250,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of $13.00 per share, with a total value of $3,250,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Jerry Guo purchased 100,000 shares of the business’s stock in a transaction on Tuesday, December 19th. The shares were bought at an average cost of $13.00 per share, for a total transaction of $1,300,000.00. The disclosure for this purchase can be found here. 64.39% of the stock is currently owned by company insiders.

ILLEGAL ACTIVITY WARNING: “Casa Systems (CASA) Now Covered by Analysts at Raymond James Financial” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this report on another publication, it was stolen and republished in violation of U.S. and international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/casa-systems-casa-now-covered-by-analysts-at-raymond-james-financial/1805557.html.

About Casa Systems

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)

Receive News & Ratings for Casa Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Casa Systems and related companies with MarketBeat.com's FREE daily email newsletter.