Northland Securities analyst Michael Latimore maintained a Buy rating on Plantronics (PLT) today and set a price target of $70. The company’s shares closed yesterday at $35.14, close to its 52-week low of $30.90.
According to TipRanks.com, Latimore is a 5-star analyst with an average return of 11.7% and a 53.8% success rate. Latimore covers the Technology sector, focusing on stocks such as Super League Gaming Inc, The Meet Group Inc, and Brightcove Inc.
Currently, the analyst consensus on Plantronics is a Strong Buy with an average price target of $67.50.
See today’s analyst top recommended stocks >>
Based on Plantronics’ latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of $21.59 million. In comparison, last year the company had a net profit of $14.15 million.
Based on the recent corporate insider activity of 44 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.
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, manufacture, and distribution of headsets, voice, video, and content sharing solutions. Its product include enterprises headsets, consumer headsets, voice video, and content sharing solutions. The company was founded by Courtney Graham and Keith Larkin in 1961 and is headquartered in Santa Cruz, CA.
