Needham & Company LLC Reaffirms Buy Rating for Aquantia (NYSE:AQ)

Aquantia (NYSE:AQ)‘s stock had its “buy” rating reaffirmed by equities research analysts at Needham & Company LLC in a report issued on Wednesday, March 14th, Stock Target Advisor reports.

A number of other equities analysts have also recently issued reports on AQ. Barclays began coverage on shares of Aquantia in a report on Tuesday, November 28th. They issued an “overweight” rating and a $14.00 target price on the stock. Morgan Stanley assumed coverage on Aquantia in a report on Tuesday, November 28th. They set an “overweight” rating and a $15.00 price target on the stock. Deutsche Bank assumed coverage on Aquantia in a report on Tuesday, November 28th. They set a “buy” rating and a $15.00 price target on the stock. ValuEngine raised Aquantia from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Finally, Raymond James Financial assumed coverage on Aquantia in a report on Tuesday, November 28th. They set an “outperform” rating and a $15.00 price target on the stock. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Aquantia presently has a consensus rating of “Buy” and an average price target of $14.80.

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NYSE AQ traded down $0.12 during trading hours on Wednesday, reaching $15.92. The company’s stock had a trading volume of 197,797 shares, compared to its average volume of 428,541. Aquantia has a 52 week low of $9.01 and a 52 week high of $18.49.

Aquantia (NYSE:AQ) last issued its earnings results on Thursday, February 8th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.03). The business had revenue of $27.85 million for the quarter, compared to analysts’ expectations of $27.10 million.

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Aquantia Company Profile

Aquantia Corp., together with its subsidiaries, designs, develops, and markets advanced high-speed communication integrated circuits for Ethernet connectivity in the data center, enterprise infrastructure, and access markets worldwide. Its products include corporate and cloud data center products; enterprise infrastructure products; and access products, such as client connectivity and carrier access.

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Analyst Recommendations for Aquantia (NYSE:AQ)

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