Stifel Nicolaus initiated coverage on shares of Casa Systems (NASDAQ:CASA) in a report released on Tuesday morning, Marketbeat Ratings reports. The firm issued a buy rating and a $23.00 target price on the stock.

Separately, Barclays began coverage on shares of Casa Systems in a report on Tuesday. They issued an equal weight rating and a $17.00 price target for the company. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has an average rating of Buy and a consensus target price of $22.17.

Casa Systems (NASDAQ:CASA) traded up $0.56 during trading on Tuesday, hitting $19.04. 168,500 shares of the stock traded hands, compared to its average volume of 446,647. Casa Systems has a 12 month low of $13.25 and a 12 month high of $19.55.

In other Casa Systems news, Director Bruce R. Evans acquired 250,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were acquired at an average price of $13.00 per share, with a total value of $3,250,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jerry Guo acquired 100,000 shares of the business’s stock in a transaction dated Tuesday, December 19th. The stock was acquired 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.

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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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