In a report released today, Michael Latimore from Northland Securities maintained a Buy rating on Plantronics (PLT), with a price target of $85. The company’s shares closed yesterday at $51.05.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 15.8% and a 58.5% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, Brightcove Inc, and Everbridge Inc.
Plantronics has an analyst consensus of Moderate Buy, with a price target consensus of $87.50.
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Based on Plantronics’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $41.73 million. In comparison, last year the company had a net profit of $9.85 million.
Based on the recent corporate insider activity of 53 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PLT in relation to earlier this year. Most recently, in February 2019, Marvin Tseu, a Director at PLT sold 4,238 shares for a total of $207,153.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Plantronics, Inc. engages in the design and manufacture of lightweight communications headsets audio solutions, telephone headset systems, other communication endpoints, and accessories. Its product categories include office and contact center, which includes corded and cordless communication headsets, audio processors, and telephone systems; mobile, which includes Bluetooth and corded products for mobile phone applications; gaming and computer audio, which includes personal computer and gaming headsets; and clarity, which includes specialty products marketed for hearing impaired individuals. The company was founded by Courtney Graham and Keith Larkin in 1961 and is headquartered in Santa Cruz, CA.
