Quantenna Communications (NASDAQ:QTNA) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Thursday, January 18th.
QTNA has been the topic of several other research reports. Zacks Investment Research upgraded Quantenna Communications from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Barclays lowered Quantenna Communications to an “equal weight” rating in a report on Tuesday, November 7th. ValuEngine downgraded Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Quantenna Communications in a research report on Tuesday, December 19th. Finally, Roth Capital decreased their price target on Quantenna Communications from $27.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. Quantenna Communications has an average rating of “Hold” and a consensus price target of $20.00.
Shares of Quantenna Communications (NASDAQ QTNA) opened at $12.63 on Thursday. Quantenna Communications has a one year low of $9.60 and a one year high of $25.45. The company has a market capitalization of $444.84, a P/E ratio of 126.30, a P/E/G ratio of 1.23 and a beta of 3.56. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.06.
In other Quantenna Communications news, SVP David William Carroll sold 3,587 shares of Quantenna Communications stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $14.00, for a total transaction of $50,218.00. Following the completion of the sale, the senior vice president now owns 42,988 shares of the company’s stock, valued at $601,832. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Lionel Bonnot sold 6,899 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $12.33, for a total value of $85,064.67. Following the completion of the sale, the senior vice president now directly owns 22,684 shares of the company’s stock, valued at approximately $279,693.72. The disclosure for this sale can be found here. Insiders have sold 30,854 shares of company stock valued at $393,798 in the last three months. 22.62% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. increased its holdings in Quantenna Communications by 96.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 50,488 shares of the technology company’s stock valued at $960,000 after purchasing an additional 24,852 shares during the period. Rhumbline Advisers purchased a new position in Quantenna Communications during the 2nd quarter valued at about $413,000. Bank of New York Mellon Corp increased its holdings in Quantenna Communications by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 60,662 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 2,035 shares during the period. Swiss National Bank purchased a new position in Quantenna Communications during the 2nd quarter valued at about $262,000. Finally, Alliancebernstein L.P. purchased a new position in Quantenna Communications during the 2nd quarter valued at about $378,000. 38.58% of the stock is owned by institutional investors.
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Quantenna Communications Company Profile
Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.
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