Analyst Downgrades – ShoreTel (NASDAQ:SHOR) Stock Gets Downgraded By Lake Street Capital from Buy to Hold

ME Staff
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Analyst Ratings For ShoreTel (NASDAQ:SHOR)

Today, ShoreTel (NASDAQ:SHOR) stock was downgraded by Lake Street Capital from Buy to Hold with a price target of $7.50.

There are 5 hold ratings on the stock.

The current consensus rating on ShoreTel (NASDAQ:SHOR) is Hold (Score: 2.00) with a consensus target price of $7.50 per share, a potential 0.00% downside.

Some recent analyst ratings include

  • 7/31/2017-Lake Street Capital was Downgraded by analysts at Lake Street Capital from a “Buy ” rating to a ” Hold” rating. They now have a $7.50 price target on the stock.
  • 7/28/2017-Sidoti was Downgraded by analysts at Sidoti from a “Buy ” rating to a ” Neutral” rating.
  • 7/28/2017-Northland Securities was Downgraded by analysts at Northland Securities from a “Outperform ” rating to a ” Market Perform” rating. They now have a $7.50 price target on the stock, up previously from $10.00 .
  • 7/27/2017-William Blair was Downgraded by analysts at William Blair from a “Outperform ” rating to a ” Market Perform” rating.
  • 1/27/2017-Craig Hallum was Downgraded by analysts at Craig Hallum from a “Buy ” rating to a ” Hold” rating.
  • 10/23/2015-Canaccord Genuity Reiterated Rating of Buy.

Recent Insider Trading Activity For ShoreTel (NASDAQ:SHOR)
ShoreTel (NASDAQ:SHOR) has insider ownership of 4.00% and institutional ownership of 86.68%.

  • On 5/1/2017 Eugenia Corrales, VP, sold 1,250 with an average share price of $6.55 per share and the total transaction amounting to $8,187.50. View SEC Filing
  • On 11/7/2016 Eugenia Corrales, VP, sold 7,040 with an average share price of $6.49 per share and the total transaction amounting to $45,689.60. View SEC Filing
  • On 8/5/2016 Bharath Oruganti, SVP, sold 13,125 with an average share price of $8.50 per share and the total transaction amounting to $111,562.50. View SEC Filing
  • On 2/3/2016 Mark Bregman, Director, sold 5,000 with an average share price of $7.74 per share and the total transaction amounting to $38,700.00. View SEC Filing
  • On 8/31/2015 Kenneth D Denman, Director, sold 6,367 with an average share price of $7.40 per share and the total transaction amounting to $47,115.80. View SEC Filing
  • On 8/26/2015 Kenneth D Denman, Director, sold 3,553 with an average share price of $7.25 per share and the total transaction amounting to $25,759.25. View SEC Filing
  • On 6/1/2015 Charles Kissner, Director, sold 3,168 with an average share price of $6.85 per share and the total transaction amounting to $21,700.80. View SEC Filing

Recent Trading Activity for ShoreTel (NASDAQ:SHOR)
Shares of ShoreTel closed the previous trading session at 7.50 0.00 0.00% with 4,957,505 shares trading hands.