Loop Capital began coverage on shares of Akoustis Technologies (NASDAQ:AKTS) in a research report sent to investors on Thursday, Marketbeat Ratings reports. The brokerage issued a buy rating and a $15.00 price objective on the technology company’s stock.
Other analysts have also recently issued reports about the company. Roth Capital increased their target price on Akoustis Technologies to $10.00 and gave the stock a buy rating in a research note on Thursday. Northland Securities reissued a buy rating and set a $12.50 target price on shares of Akoustis Technologies in a research note on Tuesday, February 27th.
Akoustis Technologies opened at $7.60 on Thursday, according to MarketBeat Ratings. Akoustis Technologies has a 52-week low of $4.86 and a 52-week high of $9.78.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG increased its stake in Akoustis Technologies by 260.8% during the 4th quarter. Deutsche Bank AG now owns 28,983 shares of the technology company’s stock worth $179,000 after purchasing an additional 20,949 shares in the last quarter. UBS Group AG increased its stake in Akoustis Technologies by 28.8% during the 1st quarter. UBS Group AG now owns 83,274 shares of the technology company’s stock worth $485,000 after purchasing an additional 18,634 shares in the last quarter. D.A. Davidson & CO. increased its stake in Akoustis Technologies by 19.0% during the 4th quarter. D.A. Davidson & CO. now owns 94,000 shares of the technology company’s stock worth $586,000 after purchasing an additional 15,000 shares in the last quarter. Northern Trust Corp increased its stake in Akoustis Technologies by 36.3% during the 1st quarter. Northern Trust Corp now owns 134,222 shares of the technology company’s stock worth $783,000 after purchasing an additional 35,713 shares in the last quarter. Finally, Financial Advocates Investment Management bought a new stake in Akoustis Technologies during the 4th quarter worth approximately $984,000. 14.23% of the stock is owned by institutional investors and hedge funds.
About Akoustis Technologies
Akoustis Technologies, Inc engages in developing, designing, and manufacturing radio frequency (RF) filter products for the mobile wireless device industries. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, and WiFi premise equipment.
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