Inceptionr LLC Invests $104,000 in Ribbon Communications Inc. (NASDAQ:RBBN)

Inceptionr LLC purchased a new position in Ribbon Communications Inc. (NASDAQ:RBBN) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,988 shares of the communications equipment provider’s stock, valued at approximately $104,000.

A number of other hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in shares of Ribbon Communications by 10.2% in the fourth quarter. Victory Capital Management Inc. now owns 555,839 shares of the communications equipment provider’s stock worth $2,312,000 after purchasing an additional 51,336 shares in the last quarter. Bailard Inc. bought a new position in shares of Ribbon Communications in the fourth quarter valued at approximately $314,000. Rhumbline Advisers grew its stake in shares of Ribbon Communications by 9.9% in the fourth quarter. Rhumbline Advisers now owns 155,694 shares of the communications equipment provider’s stock worth $648,000 after acquiring an additional 13,990 shares during the last quarter. Inspire Investing LLC acquired a new stake in shares of Ribbon Communications in the fourth quarter worth $844,000. Finally, SG Americas Securities LLC grew its stake in shares of Ribbon Communications by 14.7% in the fourth quarter. SG Americas Securities LLC now owns 39,915 shares of the communications equipment provider’s stock worth $166,000 after acquiring an additional 5,122 shares during the last quarter. 70.92% of the stock is owned by hedge funds and other institutional investors.

Ribbon Communications Stock Down 9.4 %

Shares of NASDAQ:RBBN opened at $3.78 on Tuesday. Ribbon Communications Inc. has a 52 week low of $2.47 and a 52 week high of $5.38. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.16 and a current ratio of 1.42. The company’s fifty day moving average is $4.29 and its 200-day moving average is $3.84. The company has a market capitalization of $664.24 million, a PE ratio of -11.81 and a beta of 1.23.

Ribbon Communications (NASDAQ:RBBN) last issued its earnings results on Wednesday, February 12th. The communications equipment provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. Ribbon Communications had a negative net margin of 6.50% and a positive return on equity of 7.36%. Equities research analysts predict that Ribbon Communications Inc. will post 0.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Ribbon Communications from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, February 25th. Northland Securities lifted their price target on shares of Ribbon Communications from $5.50 to $6.00 and gave the stock an “outperform” rating in a research note on Thursday, December 19th. Rosenblatt Securities reiterated a “buy” rating and set a $5.50 price target on shares of Ribbon Communications in a research note on Monday, December 30th. Finally, JMP Securities reiterated a “market outperform” rating and set a $6.00 price target on shares of Ribbon Communications in a research note on Thursday, February 13th. Five research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $6.00.

Ribbon Communications Company Profile

Ribbon Communications Inc provides communications technology in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. It operates through two segments, Cloud and Edge, and IP Optical Networks. The Cloud and Edge segment provides software and hardware products, solutions, and services for voice over internet protocol communications, voice over long-term evolution, and voice over 5G communications, and unified communications and collaboration.