Press coverage about BroadSoft (NASDAQ:BSFT) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. BroadSoft earned a news sentiment score of 0.23 on Accern’s scale. Accern also assigned news coverage about the software maker an impact score of 46.389809794785 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:

Shares of BroadSoft (NASDAQ BSFT) opened at $55.00 on Thursday. The company has a current ratio of 2.64, a quick ratio of 2.64 and a debt-to-equity ratio of 0.41. BroadSoft has a fifty-two week low of $33.85 and a fifty-two week high of $55.05. The company has a market cap of $1,746.09, a price-to-earnings ratio of 157.00, a price-to-earnings-growth ratio of 4.58 and a beta of 0.92.

Several research firms recently weighed in on BSFT. BidaskClub cut shares of BroadSoft from a “hold” rating to a “sell” rating in a research report on Wednesday. Dougherty & Co lowered shares of BroadSoft from a “buy” rating to a “neutral” rating in a report on Tuesday, October 24th. Needham & Company LLC lifted their target price on shares of BroadSoft from $48.00 to $55.00 and gave the stock a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research raised shares of BroadSoft from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a report on Wednesday, October 25th. Finally, Cowen lowered shares of BroadSoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 7th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $50.40.

In other BroadSoft news, insider Scott D. Hoffpauir sold 4,448 shares of BroadSoft stock in a transaction on Monday, December 18th. The shares were sold at an average price of $54.66, for a total transaction of $243,127.68. Following the completion of the sale, the insider now owns 83,945 shares of the company’s stock, valued at approximately $4,588,433.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 13,344 shares of company stock valued at $721,110 in the last ninety days. Company insiders own 1.50% of the company’s stock.

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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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