Shares of ParkerVision, Inc. (NASDAQ:PRKR) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price target of $10.50 for the company, according to Zacks. Zacks has also given ParkerVision an industry rank of 237 out of 255 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised ParkerVision from a “sell” rating to a “hold” rating in a research note on Saturday, September 29th.
ParkerVision stock traded down $0.03 during trading hours on Friday, reaching $0.45. 36,703 shares of the company’s stock traded hands, compared to its average volume of 186,236. The company has a current ratio of 0.54, a quick ratio of 0.26 and a debt-to-equity ratio of -1.18. ParkerVision has a fifty-two week low of $0.21 and a fifty-two week high of $1.73. The company has a market cap of $9.57 million, a PE ratio of -0.43 and a beta of 1.95.
ParkerVision (NASDAQ:PRKR) last announced its quarterly earnings results on Tuesday, August 14th. The semiconductor company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04. The company had revenue of $0.04 million during the quarter. During the same period in the previous year, the business posted ($0.21) earnings per share. Research analysts forecast that ParkerVision will post 0.7 EPS for the current year.
In related news, CEO Jeffrey Parker purchased 100,000 shares of the stock in a transaction dated Monday, September 10th. The stock was bought at an average cost of $0.40 per share, with a total value of $40,000.00. Following the purchase, the chief executive officer now directly owns 338,825 shares in the company, valued at approximately $135,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 7.64% of the company’s stock.
A hedge fund recently raised its stake in ParkerVision stock. Raymond James Financial Services Advisors Inc. grew its stake in ParkerVision, Inc. (NASDAQ:PRKR) by 614.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 195,801 shares of the semiconductor company’s stock after acquiring an additional 168,388 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.81% of ParkerVision worth $128,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 9.48% of the company’s stock.
ParkerVision, Inc designs, develops, and markets radio frequency (RF) technologies for use in wireless communication products in the United States. Its technologies apply to transmit and receive functions of transmitters, receivers, and transceivers, as well as other related RF communications functions.
Featured Article: How Do You Calculate Return on Equity (ROE)?
Get a free copy of the Zacks research report on ParkerVision (PRKR)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for ParkerVision Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ParkerVision and related companies with MarketBeat.com's FREE daily email newsletter.