News articles about Quantenna Comms (NASDAQ:QTNA) have been trending somewhat negative on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Quantenna Comms earned a news sentiment score of -0.05 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.0223730818996 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
A number of equities analysts have commented on QTNA shares. Barclays PLC reissued an “overweight” rating on shares of Quantenna Comms in a research note on Friday, July 21st. Needham & Company LLC reaffirmed a “buy” rating on shares of Quantenna Comms in a research note on Tuesday, August 8th. Roth Capital dropped their price target on shares of Quantenna Comms from $27.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. ValuEngine cut shares of Quantenna Comms from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research cut shares of Quantenna Comms from a “hold” rating to a “sell” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Quantenna Comms has an average rating of “Buy” and an average price target of $21.50.
Shares of Quantenna Comms (NASDAQ QTNA) traded up $0.15 on Friday, reaching $12.02. 698,300 shares of the company were exchanged, compared to its average volume of 553,289. Quantenna Comms has a one year low of $9.60 and a one year high of $25.45. The company has a market cap of $423.36 and a price-to-earnings ratio of 120.20. The company has a quick ratio of 4.17, a current ratio of 4.06 and a debt-to-equity ratio of 0.01.
In related news, SVP Lionel Bonnot sold 8,600 shares of Quantenna Comms stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $17.98, for a total transaction of $154,628.00. Following the completion of the sale, the senior vice president now owns 27,500 shares in the company, valued at approximately $494,450. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Sam Heidari sold 2,000 shares of Quantenna Comms stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $15.15, for a total transaction of $30,300.00. Following the sale, the chairman now owns 70,700 shares of the company’s stock, valued at approximately $1,071,105. The disclosure for this sale can be found here. Insiders have sold a total of 138,433 shares of company stock valued at $2,340,397 in the last quarter. 22.62% of the stock is currently owned by company insiders.
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Quantenna Comms Company Profile
Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.
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