Analyst Activity – MKM Partners Initiates Coverage On Acacia Communications (NASDAQ:ACIA) With a Buy

ME Staff
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Analyst Ratings For Acacia Communications (NASDAQ:ACIA)

Today, MKM Partners initiated coverage on Acacia Communications (NASDAQ:ACIA) with a Buy with a price target of $64.00.

There are 3 hold ratings, 7 buy ratings on the stock.

The current consensus rating on Acacia Communications (NASDAQ:ACIA) is Buy (Score: 2.70) with a consensus target price of $53.63 per share, a potential 17.01% upside.

Some recent analyst ratings include

  • 9/19/2017-MKM Partners initiated coverage with a Buy rating.
  • 8/9/2017-B. Riley Reiterated Rating of Neutral.
  • 8/4/2017-Cowen and Company Reiterated Rating of Buy.
  • 8/4/2017-Needham & Company LLC Reiterated Rating of Buy.
  • 7/17/2017-William Blair Reiterated Rating of Outperform.
  • 6/22/2017-DA Davidson initiated coverage with a Buy rating.

Recent Insider Trading Activity For Acacia Communications (NASDAQ:ACIA)
Acacia Communications (NASDAQ:ACIA) has insider ownership of 37.10% and institutional ownership of 81.84%.

  • On 9/7/2017 Bhupendra C. Shah, VP, sold 8,300 with an average share price of $44.59 per share and the total transaction amounting to $370,097.00. View SEC Filing
  • On 8/29/2017 Francis J. Murphy, Insider, sold 833 with an average share price of $48.00 per share and the total transaction amounting to $39,984.00. View SEC Filing
  • On 8/14/2017 Christian J. Rasmussen, VP, sold 3,307 with an average share price of $44.46 per share and the total transaction amounting to $147,029.22. View SEC Filing
  • On 8/14/2017 John F. Gavin, CFO, sold 858 with an average share price of $44.46 per share and the total transaction amounting to $38,146.68. View SEC Filing
  • On 8/14/2017 Murugesan Shanmugaraj, CEO, sold 2,829 with an average share price of $44.46 per share and the total transaction amounting to $125,777.34. View SEC Filing
  • On 8/8/2017 Francis J. Murphy, Insider, sold 8,380 with an average share price of $48.00 per share and the total transaction amounting to $402,240.00. View SEC Filing
  • On 7/24/2017 Francis J. Murphy, Insider, sold 410 with an average share price of $43.47 per share and the total transaction amounting to $17,822.70. View SEC Filing

Recent Trading Activity for Acacia Communications (NASDAQ:ACIA)
Shares of Acacia Communications closed the previous trading session at with shares trading hands.