Silver Spring Networks, Inc. (SSNI) Stock Rating Reaffirmed by Robert W. Baird

Silver Spring Networks, Inc. (NYSE:SSNI)‘s stock had its “neutral” rating reaffirmed by research analysts at Robert W. Baird in a research note issued to investors on Thursday, May 11th. They currently have a $9.00 target price on the technology company’s stock, down from their previous target price of $11.00. Robert W. Baird’s price objective would suggest a potential downside of 14.53% from the stock’s previous close.

A number of other analysts have also weighed in on the stock. Cowen and Company set a $17.00 target price on shares of Silver Spring Networks and gave the company a “buy” rating in a research report on Wednesday, May 10th. Pacific Crest lowered shares of Silver Spring Networks from an “overweight” rating to a “sector weight” rating in a research report on Wednesday, May 10th. Benchmark Co. assumed coverage on shares of Silver Spring Networks in a research report on Tuesday, April 25th. They issued a “hold” rating on the stock. Oppenheimer Holdings, Inc. set a $17.00 target price on shares of Silver Spring Networks and gave the company a “buy” rating in a research report on Saturday, April 1st. Finally, FBR & Co reiterated an “outperform” rating and set a $17.00 price target on shares of Silver Spring Networks in a report on Tuesday, March 28th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Silver Spring Networks currently has an average rating of “Hold” and an average price target of $14.67.

Analyst Recommendations for Silver Spring Networks (NYSE:SSNI)

Silver Spring Networks (NYSE SSNI) opened at 10.53 on Thursday. Silver Spring Networks has a one year low of $9.68 and a one year high of $15.40. The firm’s market capitalization is $559.90 million. The stock has a 50 day moving average price of $10.50 and a 200 day moving average price of $11.89.

COPYRIGHT VIOLATION NOTICE: This news story was published by Community Financial News and is the property of of Community Financial News. If you are viewing this news story on another website, it was illegally copied and republished in violation of U.S. & international copyright & trademark laws. The original version of this news story can be read at https://www.com-unik.info/2017/06/17/silver-spring-networks-ssni-neutral-rating-reaffirmed-at-robert-w-baird-updated-updated-updated.html.

In other Silver Spring Networks news, insider Raj Vaswani sold 29,826 shares of Silver Spring Networks stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $9.87, for a total value of $294,382.62. Following the completion of the sale, the insider now directly owns 611,947 shares of the company’s stock, valued at $6,039,916.89. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 75,968 shares of company stock valued at $785,370. Insiders own 29.60% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Harbourvest Partners LLC acquired a new stake in Silver Spring Networks during the fourth quarter valued at approximately $137,000. Global X Management Co. LLC increased its stake in Silver Spring Networks by 403.2% in the first quarter. Global X Management Co. LLC now owns 15,810 shares of the technology company’s stock valued at $178,000 after buying an additional 12,668 shares during the last quarter. Boothbay Fund Management LLC acquired a new stake in Silver Spring Networks during the fourth quarter valued at approximately $186,000. US Bancorp DE increased its stake in Silver Spring Networks by 46.7% in the first quarter. US Bancorp DE now owns 19,576 shares of the technology company’s stock valued at $221,000 after buying an additional 6,235 shares during the last quarter. Finally, Ellington Management Group LLC increased its stake in Silver Spring Networks by 28.6% in the fourth quarter. Ellington Management Group LLC now owns 17,100 shares of the technology company’s stock valued at $228,000 after buying an additional 3,800 shares during the last quarter. 76.22% of the stock is owned by institutional investors.

About Silver Spring Networks

Silver Spring Networks, Inc is engaged in creating, building and deploying large-scale networks and solutions enabling the Internet of things (IoT) for critical infrastructure. The Company provides a networking platform and solutions that enable utilities to transform the power grid infrastructure into the smart grid.

What are top analysts saying about Silver Spring Networks Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Silver Spring Networks Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit