Brokerages Set DZS Inc. (NASDAQ:DZSI) Price Target at $23.50

DZS Inc. (NASDAQ:DZSI) has earned a consensus rating of “Buy” from the six analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $23.50.

DZSI has been the topic of several analyst reports. Needham & Company LLC initiated coverage on DZS in a research note on Tuesday, June 22nd. They set a “buy” rating and a $26.00 price objective on the stock. Zacks Investment Research cut DZS from a “hold” rating to a “sell” rating in a research note on Tuesday, August 3rd.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its stake in DZS by 6.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 30,179 shares of the communications equipment provider’s stock worth $467,000 after purchasing an additional 1,783 shares in the last quarter. Nuveen Asset Management LLC grew its stake in DZS by 1.8% in the fourth quarter. Nuveen Asset Management LLC now owns 41,813 shares of the communications equipment provider’s stock worth $647,000 after purchasing an additional 757 shares in the last quarter. JPMorgan Chase & Co. grew its stake in DZS by 284.9% in the fourth quarter. JPMorgan Chase & Co. now owns 37,219 shares of the communications equipment provider’s stock worth $575,000 after purchasing an additional 27,550 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in DZS by 9.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 224,555 shares of the communications equipment provider’s stock worth $3,474,000 after purchasing an additional 19,237 shares in the last quarter. Finally, Strs Ohio bought a new position in DZS in the first quarter worth approximately $419,000. 34.39% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ DZSI traded down $0.30 during trading hours on Monday, hitting $13.84. 51,004 shares of the company were exchanged, compared to its average volume of 135,291. The stock has a 50-day moving average price of $17.89. DZS has a 52 week low of $8.73 and a 52 week high of $23.48. The stock has a market capitalization of $376.42 million, a PE ratio of -8.18 and a beta of 1.38.

DZS (NASDAQ:DZSI) last issued its quarterly earnings data on Sunday, August 1st. The communications equipment provider reported ($0.03) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.03). DZS had a positive return on equity of 1.19% and a negative net margin of 11.74%. On average, sell-side analysts expect that DZS will post 0.15 earnings per share for the current fiscal year.

About DZS

DZS, Inc engages in the provision of packet-based mobile transport and broadband access solutions. It includes the research, development, test, sale, manufacture, and support of communications equipment in the following areas: broadband access, Ethernet switching, mobile front haul and backhaul, passive optical LAN, and software defined networks (SDN) and network function virtualization (NFV) solutions.

Read More: What is the Book Value of a Share?

Analyst Recommendations for DZS (NASDAQ:DZSI)

Receive News & Ratings for DZS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DZS and related companies with MarketBeat.com's FREE daily email newsletter.