Shares of Quantenna Communications Inc (NASDAQ:QTNA) have been assigned an average rating of “Buy” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.00.
A number of equities research analysts have weighed in on the company. Barclays raised their price target on Quantenna Communications from $15.00 to $17.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 31st. BidaskClub upgraded Quantenna Communications from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Deutsche Bank lowered their price target on Quantenna Communications from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Tuesday, July 31st. Zacks Investment Research downgraded Quantenna Communications from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Finally, Morgan Stanley raised their price target on Quantenna Communications from $15.50 to $17.00 and gave the company an “overweight” rating in a research report on Tuesday, July 31st.
In related news, CEO Sam Heidari sold 2,147 shares of the business’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $16.64, for a total transaction of $35,726.08. Following the transaction, the chief executive officer now owns 171,907 shares in the company, valued at approximately $2,860,532.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP David William Carroll sold 1,521 shares of the business’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $16.66, for a total value of $25,339.86. Following the transaction, the senior vice president now owns 62,754 shares in the company, valued at approximately $1,045,481.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 110,004 shares of company stock worth $1,995,639. Company insiders own 13.49% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. Chicago Equity Partners LLC purchased a new position in Quantenna Communications during the 3rd quarter valued at about $2,353,000. Engineers Gate Manager LP increased its holdings in Quantenna Communications by 22.7% during the 3rd quarter. Engineers Gate Manager LP now owns 37,746 shares of the technology company’s stock valued at $696,000 after purchasing an additional 6,972 shares during the period. FNY Investment Advisers LLC purchased a new position in Quantenna Communications during the 3rd quarter valued at about $309,000. Creative Planning increased its holdings in Quantenna Communications by 31.3% during the 3rd quarter. Creative Planning now owns 27,727 shares of the technology company’s stock valued at $512,000 after purchasing an additional 6,613 shares during the period. Finally, Perkins Capital Management Inc. increased its holdings in Quantenna Communications by 143.3% during the 3rd quarter. Perkins Capital Management Inc. now owns 36,500 shares of the technology company’s stock valued at $673,000 after purchasing an additional 21,500 shares during the period. Institutional investors own 62.22% of the company’s stock.
NASDAQ QTNA opened at $17.88 on Friday. Quantenna Communications has a twelve month low of $9.60 and a twelve month high of $19.41. The stock has a market cap of $615.21 million, a price-to-earnings ratio of -894.00, a PEG ratio of 4.78 and a beta of 1.95.
Quantenna Communications (NASDAQ:QTNA) last released its quarterly earnings results on Monday, October 29th. The technology company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. Quantenna Communications had a return on equity of 3.72% and a net margin of 17.07%. The business had revenue of $59.30 million for the quarter, compared to the consensus estimate of $58.06 million. During the same quarter last year, the business posted $0.14 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. As a group, equities research analysts forecast that Quantenna Communications will post 0.15 EPS for the current fiscal year.
Quantenna Communications Company Profile
Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the United States and internationally. The company's solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and draft 802.11ax.
Read More: What are retained earnings?
Receive News & Ratings for Quantenna Communications Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quantenna Communications and related companies with MarketBeat.com's FREE daily email newsletter.