Analysts Set Extreme Networks, Inc. (NASDAQ:EXTR) Target Price at $19.00

Shares of Extreme Networks, Inc. (NASDAQ:EXTR) have been assigned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $19.00.

A number of analysts recently issued reports on the company. StockNews.com raised Extreme Networks from a “hold” rating to a “buy” rating in a research report on Thursday, December 19th. Rosenblatt Securities reissued a “buy” rating and issued a $21.00 price target on shares of Extreme Networks in a research note on Wednesday, November 6th. Craig Hallum increased their price objective on Extreme Networks from $17.00 to $22.50 and gave the stock a “buy” rating in a report on Thursday, October 31st. Finally, B. Riley lifted their target price on shares of Extreme Networks from $18.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, October 31st.

Insider Buying and Selling at Extreme Networks

In related news, CEO Edward Meyercord sold 35,725 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $14.96, for a total transaction of $534,446.00. Following the completion of the transaction, the chief executive officer now owns 1,448,378 shares of the company’s stock, valued at approximately $21,667,734.88. The trade was a 2.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Raj Khanna sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $16.53, for a total value of $165,300.00. Following the completion of the sale, the director now directly owns 228,733 shares in the company, valued at $3,780,956.49. This trade represents a 4.19 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 55,725 shares of company stock worth $863,546 over the last 90 days. Insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Extreme Networks

Several hedge funds have recently modified their holdings of EXTR. Quarry LP acquired a new position in Extreme Networks during the 3rd quarter valued at $26,000. GAMMA Investing LLC increased its holdings in shares of Extreme Networks by 109.5% during the 3rd quarter. GAMMA Investing LLC now owns 1,980 shares of the technology company’s stock worth $30,000 after purchasing an additional 1,035 shares during the period. Allspring Global Investments Holdings LLC raised its position in shares of Extreme Networks by 1,635.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,997 shares of the technology company’s stock valued at $67,000 after buying an additional 4,709 shares during the last quarter. KBC Group NV lifted its stake in shares of Extreme Networks by 54.3% in the third quarter. KBC Group NV now owns 4,959 shares of the technology company’s stock valued at $75,000 after buying an additional 1,745 shares during the period. Finally, nVerses Capital LLC acquired a new stake in Extreme Networks during the third quarter worth about $179,000. 91.05% of the stock is owned by institutional investors.

Extreme Networks Trading Up 0.4 %

Shares of NASDAQ:EXTR opened at $16.68 on Friday. The firm has a fifty day moving average of $16.72 and a two-hundred day moving average of $15.09. The company has a quick ratio of 0.63, a current ratio of 0.91 and a debt-to-equity ratio of 5.33. Extreme Networks has a 12-month low of $10.49 and a 12-month high of $19.24. The firm has a market capitalization of $2.20 billion, a P/E ratio of -17.20, a price-to-earnings-growth ratio of 3.87 and a beta of 1.75.

Extreme Networks Company Profile

Extreme Networks, Inc delivers cloud-driven networking solutions that leverage the powers of machine learning, artificial intelligence, analytics, and automation.
The company designs, develops, and manufactures wired and wireless network infrastructure equipment and develops the software for network management, policy, analytics, security, and access controls.