UTStarcom Holdings Corp (NASDAQ:UTSI) received a $5.00 price objective from equities research analysts at Northland Securities in a research note issued on Saturday. The brokerage presently has a “buy” rating on the Wireless communications provider’s stock. Northland Securities’ price target suggests a potential upside of 31.93% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Zacks Investment Research raised UTStarcom from a “hold” rating to a “buy” rating and set a $3.50 price target for the company in a report on Wednesday, October 25th. ValuEngine raised UTStarcom from a “sell” rating to a “hold” rating in a report on Friday, September 15th.

UTStarcom (NASDAQ:UTSI) opened at $3.79 on Friday. The firm has a market capitalization of $134.35, a PE ratio of 189.50 and a beta of -0.25. UTStarcom has a fifty-two week low of $1.66 and a fifty-two week high of $4.15.

UTStarcom (NASDAQ:UTSI) last released its quarterly earnings results on Monday, November 20th. The Wireless communications provider reported $0.07 earnings per share for the quarter. The business had revenue of $26.03 million during the quarter. During the same period last year, the firm earned ($0.04) earnings per share.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in shares of UTStarcom by 1.7% during the first quarter. Renaissance Technologies LLC now owns 829,197 shares of the Wireless communications provider’s stock valued at $1,625,000 after acquiring an additional 14,000 shares during the last quarter. Spark Investment Management LLC raised its holdings in shares of UTStarcom by 116.4% during the second quarter. Spark Investment Management LLC now owns 48,700 shares of the Wireless communications provider’s stock valued at $113,000 after acquiring an additional 26,200 shares during the last quarter. Virtu KCG Holdings LLC acquired a new position in shares of UTStarcom during the second quarter valued at approximately $141,000. Goldman Sachs Group Inc. raised its holdings in shares of UTStarcom by 40.2% during the second quarter. Goldman Sachs Group Inc. now owns 75,637 shares of the Wireless communications provider’s stock valued at $177,000 after acquiring an additional 21,678 shares during the last quarter. Finally, Macquarie Group Ltd. acquired a new position in shares of UTStarcom during the third quarter valued at approximately $297,000. 27.60% of the stock is owned by institutional investors.

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UTStarcom Company Profile

UTStarcom Holdings Corp. provides broadband products, solution and services. The Company delivers broadband transport and access (both wireless fidelity (Wi-Fi) and fixed line) products and solutions, optimized for mobile backhaul, metro aggregation, broadband access and Wi-Fi data offloading. Its segments include Equipment, which is focused on its equipment sales, including network infrastructure and application products, and Services, which is engaged in providing services and support of its equipment products and also the new operational support segment.

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