Akoustis Technologies Inc (AKTS) Expected to Post Q1 2021 Earnings of ($0.19) Per Share

Akoustis Technologies Inc (NASDAQ:AKTS) – Investment analysts at Piper Jaffray Companies issued their Q1 2021 earnings estimates for shares of Akoustis Technologies in a note issued to investors on Monday, May 13th. Piper Jaffray Companies analyst H. Kumar expects that the technology company will post earnings per share of ($0.19) for the quarter. Piper Jaffray Companies also issued estimates for Akoustis Technologies’ Q2 2021 earnings at ($0.13) EPS and Q3 2021 earnings at ($0.08) EPS.

Other research analysts have also recently issued research reports about the company. Craig Hallum reaffirmed a “buy” rating and set a $10.00 target price (up previously from $8.00) on shares of Akoustis Technologies in a research note on Tuesday, February 5th. Zacks Investment Research raised Akoustis Technologies from a “hold” rating to a “buy” rating and set a $8.00 target price for the company in a research note on Thursday, February 7th. Finally, Northland Securities cut Akoustis Technologies from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. Akoustis Technologies has an average rating of “Buy” and a consensus target price of $10.14.

Shares of AKTS stock opened at $7.75 on Tuesday. Akoustis Technologies has a fifty-two week low of $3.40 and a fifty-two week high of $9.50. The company has a current ratio of 12.78, a quick ratio of 16.79 and a debt-to-equity ratio of 0.64.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. boosted its stake in shares of Akoustis Technologies by 4.2% in the 4th quarter. BlackRock Inc. now owns 41,547 shares of the technology company’s stock worth $206,000 after buying an additional 1,681 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Akoustis Technologies by 26.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 16,800 shares of the technology company’s stock worth $83,000 after buying an additional 3,500 shares during the last quarter. IHT Wealth Management LLC boosted its stake in shares of Akoustis Technologies by 25.5% in the 4th quarter. IHT Wealth Management LLC now owns 19,181 shares of the technology company’s stock worth $95,000 after buying an additional 3,900 shares during the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Akoustis Technologies by 16.7% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 50,400 shares of the technology company’s stock worth $250,000 after buying an additional 7,200 shares during the last quarter. Finally, Morgan Stanley boosted its stake in shares of Akoustis Technologies by 141.8% in the 1st quarter. Morgan Stanley now owns 12,691 shares of the technology company’s stock worth $74,000 after buying an additional 7,442 shares during the last quarter. Hedge funds and other institutional investors own 21.12% of the company’s stock.

In other news, Director Steven Denbaars sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The stock was sold at an average price of $6.58, for a total value of $46,060.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 11,500 shares of company stock valued at $74,550 in the last quarter. Company insiders own 22.60% of the company’s stock.

About Akoustis Technologies

Akoustis Technologies, Inc, through its subsidiary, Akoustis, Inc, develops, designs, manufactures, and sells radio frequency (RF) filter products for the mobile wireless device industries in the United States. The company operates through two segments, Foundry Fabrication Services and RF Filters. The Foundry Fabrication Services segment provides engineering review services; and smart systems technology and commercialization center foundry, as well as manufacturing and microelectromechanical systems foundry services.

Featured Story: What is an SEC Filing?

Earnings History and Estimates for Akoustis Technologies (NASDAQ:AKTS)

Receive News & Ratings for Akoustis Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Akoustis Technologies and related companies with MarketBeat.com's FREE daily email newsletter.