Somewhat Positive News Coverage Somewhat Unlikely to Affect BroadSoft (BSFT) Share Price

Media coverage about BroadSoft (NASDAQ:BSFT) has trended somewhat positive this week, Accern Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. BroadSoft earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media stories about the software maker an impact score of 45.3067074616099 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have impacted Accern’s scoring:

Several equities research analysts have recently commented on the stock. ValuEngine raised shares of BroadSoft from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Needham & Company LLC raised their target price on shares of BroadSoft from $48.00 to $55.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. Robert W. Baird raised their target price on shares of BroadSoft from $41.00 to $45.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 8th. BidaskClub raised shares of BroadSoft from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. Finally, William Blair reiterated a “buy” rating on shares of BroadSoft in a research note on Wednesday, August 9th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $48.38.

Shares of BroadSoft (NASDAQ BSFT) traded up 1.08% on Friday, hitting $51.55. 501,512 shares of the company traded hands. The firm’s 50-day moving average is $45.85 and its 200 day moving average is $41.85. BroadSoft has a 1-year low of $33.85 and a 1-year high of $51.60. The firm’s market capitalization is $1.60 billion.

BroadSoft (NASDAQ:BSFT) last released its quarterly earnings data on Monday, August 7th. The software maker reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.13) by $0.53. BroadSoft had a negative net margin of 2.34% and a positive return on equity of 4.72%. The company had revenue of $88.80 million during the quarter, compared to analyst estimates of $86.63 million. During the same period in the prior year, the firm earned $0.49 earnings per share. The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, analysts anticipate that BroadSoft will post $2.27 earnings per share for the current fiscal year.

In related news, insider Scott D. Hoffpauir sold 13,344 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $48.00, for a total value of $640,512.00. Following the completion of the sale, the insider now directly owns 114,398 shares of the company’s stock, valued at $5,491,104. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Scott D. Hoffpauir sold 8,896 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $50.00, for a total transaction of $444,800.00. Following the completion of the sale, the insider now directly owns 105,502 shares of the company’s stock, valued at $5,275,100. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,240 shares of company stock valued at $1,229,312. 1.50% of the stock is owned by insiders.

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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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