Piper Jaffray assumed coverage on shares of Acacia Communications in a research note on Tuesday, February 13th. To cut down amount of noise on price chart, shares of firm has 20 days moving average price of 19.56% from last close price of 34.25 and act as support or resistance of price limit. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. At the time of writing, the 14-day ADX for Acacia Communications, Inc. The stock was sold at an average price of $36.03, for a total transaction of $10,664.88.
In other Acacia Communications news, VP Christian J. Rasmussen sold 32,000 shares of the stock in a transaction dated Monday, January 29th. In a transaction dated April. 02, 2018, the shares were put up for sale at an average price of $37.48, raking in a sum of $789,329. The stock was sold at an average price of $38.48, for a total value of $73,035.04.
Acacia Communications stock opened at $31.50 on Friday. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 26.47, a PEG ratio of 60.39 and a beta of 1.11. The 52-week high of the stock is now $50.10 while its 52-weeks low stands at $24.72.
Acacia Communications (NASDAQ:ACIA) last announced its earnings results on Thursday, May 3rd. According to the Analysts, the Low Earnings estimate for the current quarter is $-0.11, while the High earnings estimate is $-0.03.Comparatively, EPS for the same quarter a year ago was $0.65. The business had revenue of $72.90 million for the quarter, compared to the consensus estimate of $71.23 million. Net profit margin of the company was recorded at -1.8 percent, operating profit margin was -2.2 percent, while gross profit margin stands at 39.5 percent. Notwithstanding that, the firm is seeing a foremost top-line progress, with their year-over-year quarterly revenue decreasing by -36.40%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ACIA. The current 14-day ATR for Acacia Communications, Inc. When it comes to volume of trade, 4.65 million shares of this company's stock changed hands.Currently, this public company's quick ratio is 5.10, its debt-to-equity ratio is 0.00, and its current ratio is 5.80. First Mercantile Trust Co. acquired a new position in shares of Acacia Communications during the 1st quarter worth approximately $192,000. The stock is now -3.34% away from its 50-day simple moving average and -14.58% away from the 200 day average. The Manufacturers Life Insurance Company boosted its stake in Acacia Communications by 24.3% in the fourth quarter. Stone Ridge Asset Management LLC bought a new position in Acacia Communications in the 4th quarter valued at $239,000.
In other Acacia Communications news, CTO Benny P. Mikkelsen sold 1,900 shares of the company's stock in a transaction that occurred on Wednesday, February 14th. Finally, Stifel Financial Corp bought a new position in shares of Acacia Communications in the third quarter valued at $218,000. The brokerage now has a buy rating on the technology company's stock. The third largest holder is Wellington Management Group Llp, which now holds $102.66 million worth of this stock and that ownership represents almost 7.55% of its market capitalization.
A number of equities research analysts have issued reports on the stock.
Taking a look at the current stock price for Acacia Communications, Inc. Northland Securities set a $42.00 price target on Acacia Communications and gave the stock a buy rating in a research report on Monday, January 29th.
On Monday, Shares of Acacia Communications, Inc. They issued a "buy" rating and a $50.00 price target for the company. Finally, UBS set a $48.00 target price on Acacia Communications and gave the stock a buy rating in a research report on Friday, February 23rd.
Some buy side analysts are also providing their Analysis on Acacia Communications, Inc., where 2 analysts have rated the stock as Strong buy, 0 analysts have given a Buy signal, 1 said it's a HOLD, and 0 analysts rated the stock as Sell. Acacia Communications now has a consensus rating of "Hold" and a consensus price target of $33.45.