West Corp (NASDAQ:WSTC) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $24.88.
WSTC has been the topic of a number of recent research reports. Zacks Investment Research raised West Corp from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a research report on Friday. Deutsche Bank AG cut West Corp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 10th. Royal Bank of Canada set a $26.00 price target on West Corp and gave the company a “hold” rating in a research note on Saturday, January 21st. William Blair cut West Corp from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 10th. Finally, Wells Fargo & Co reiterated a “market perform” rating and issued a $23.50 price target on shares of West Corp in a research note on Wednesday, May 10th.
In other news, insider Rodney J. Kempkes sold 3,257 shares of the firm’s stock in a transaction dated Thursday, April 27th. The stock was sold at an average price of $25.43, for a total value of $82,825.51. Following the completion of the transaction, the insider now directly owns 63,889 shares in the company, valued at $1,624,697.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Rodney J. Kempkes sold 2,780 shares of the firm’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $23.94, for a total value of $66,553.20. Following the completion of the transaction, the insider now owns 68,474 shares of the company’s stock, valued at $1,639,267.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,817 shares of company stock valued at $217,239. Company insiders own 4.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in WSTC. James Investment Research Inc. purchased a new position in shares of West Corp during the first quarter valued at about $148,000. Karp Capital Management Corp bought a new position in shares of West Corp during the first quarter valued at $212,000. SG Americas Securities LLC bought a new position in shares of West Corp during the third quarter valued at $223,000. Trexquant Investment LP bought a new position in shares of West Corp during the first quarter valued at $253,000. Finally, BlackRock Inc. boosted its position in shares of West Corp by 1.2% in the third quarter. BlackRock Inc. now owns 11,817 shares of the technology company’s stock valued at $261,000 after buying an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 76.34% of the company’s stock.
West Corp Company Profile
West Corporation is a provider of communication and network infrastructure services. The Company helps its clients communicate, collaborate and connect with their audiences through a portfolio of solutions that include unified communications services, safety services, and interactive services, such as automated notifications, specialized agent services and telecom services.
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