Vistance Networks, Inc. (NASDAQ:VISN) Stock Has Consensus Price Target of $15.00 According to Brokerages

Shares of Vistance Networks, Inc. (NASDAQ:VISN) have been given an average recommendation of “Hold” by the five analysts that are currently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating. The average 1-year price target among brokers that have covered the stock in the last year is $15.00.

VISN has been the subject of a number of research reports. Weiss Ratings cut shares of Vistance Networks from a “hold (c+)” rating to a “hold (c)” rating in a report on Monday, August 17th. Wall Street Zen upgraded shares of Vistance Networks from a “sell” rating to a “hold” rating in a research note on Sunday, August 30th. Finally, Northland Securities downgraded shares of Vistance Networks from an “outperform” rating to a “market perform” rating and set a $4.00 price objective for the company. in a research report on Tuesday.

Insiders Place Their Bets

In other Vistance Networks news, Director L. William Krause sold 176,136 shares of the business’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $6.75, for a total transaction of $1,188,918.00. Following the completion of the sale, the director owned 98,371 shares of the company’s stock, valued at approximately $664,004.25. The trade was a 64.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Edgestream Partners L.P. purchased a new position in shares of Vistance Networks during the 3rd quarter valued at about $277,000. NINE MASTS CAPITAL Ltd bought a new position in shares of Vistance Networks during the 3rd quarter valued at approximately $90,000. Alberta Investment Management Corp purchased a new stake in Vistance Networks in the 3rd quarter worth approximately $3,656,000. Royce & Associates LP purchased a new stake in Vistance Networks in the 3rd quarter worth approximately $288,000. Finally, Diversified Trust Co raised its stake in Vistance Networks by 47.0% during the 3rd quarter. Diversified Trust Co now owns 71,020 shares of the business services provider’s stock worth $425,000 after acquiring an additional 22,695 shares during the period. Institutional investors own 88.04% of the company’s stock.

Vistance Networks Stock Down 25.0%

Shares of NASDAQ:VISN opened at $4.12 on Tuesday. The stock has a market capitalization of $950.20 million, a PE ratio of 0.12 and a beta of 2.57. The firm’s 50 day moving average price is $6.20 and its 200-day moving average price is $12.61. Vistance Networks has a twelve month low of $4.02 and a twelve month high of $20.55.

Vistance Networks Cuts Dividend

The business also recently announced a special dividend, which was paid on Friday, November 6th. Investors of record on Monday, October 26th were given a dividend of $1.50 per share. This is a decrease from Vistance Networks’s previous special dividend of $5.00.

About Vistance Networks

Vistance Networks develops and supplies communications technology for satellite, space, terrestrial and wireless networks. Its offerings include satellite modems and ground-station equipment, radio-frequency systems, and troposcatter communications technology used to connect networks where conventional infrastructure may be limited.

The company also provides public-safety communications solutions, including technology for emergency calling, call handling and location services. Its customers include government and defense organizations, satellite and telecommunications operators, and public-safety agencies.

Vistance Networks was formerly known as Comtech Telecommunications Corporation.