Equities research analysts expect Adesto Technologies Corp (NASDAQ:IOTS) to report earnings of ($0.06) per share for the current quarter, according to Zacks. Three analysts have made estimates for Adesto Technologies’ earnings, with the lowest EPS estimate coming in at ($0.07) and the highest estimate coming in at ($0.04). Adesto Technologies posted earnings per share of $0.02 during the same quarter last year, which indicates a negative year-over-year growth rate of 400%. The business is expected to issue its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Adesto Technologies will report full-year earnings of ($0.18) per share for the current year, with EPS estimates ranging from ($0.19) to ($0.16). For the next financial year, analysts expect that the company will report earnings of $0.10 per share, with EPS estimates ranging from $0.05 to $0.13. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that that provide coverage for Adesto Technologies.

Adesto Technologies (NASDAQ:IOTS) last announced its quarterly earnings data on Wednesday, August 1st. The technology company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.04). The firm had revenue of $18.18 million during the quarter, compared to the consensus estimate of $18.17 million. Adesto Technologies had a negative net margin of 11.29% and a negative return on equity of 8.04%.

A number of equities analysts have commented on the company. Zacks Investment Research downgraded Adesto Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. ValuEngine downgraded Adesto Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Canaccord Genuity assumed coverage on Adesto Technologies in a research note on Monday, July 16th. They issued a “buy” rating and a $9.00 target price for the company. Needham & Company LLC restated a “buy” rating and issued a $12.00 target price on shares of Adesto Technologies in a research note on Wednesday, August 8th. Finally, B. Riley decreased their target price on Adesto Technologies from $11.00 to $9.50 and set a “buy” rating for the company in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $9.86.

Adesto Technologies stock traded up $0.02 during midday trading on Thursday, hitting $4.60. The stock had a trading volume of 5,732 shares, compared to its average volume of 306,918. The company has a quick ratio of 0.79, a current ratio of 1.13 and a debt-to-equity ratio of 0.89. Adesto Technologies has a 12 month low of $4.42 and a 12 month high of $10.80. The firm has a market cap of $174.15 million, a P/E ratio of -19.08 and a beta of 0.81.

In other Adesto Technologies news, insider Narbeh Derhacobian acquired 10,000 shares of Adesto Technologies stock in a transaction dated Monday, August 6th. The stock was acquired at an average cost of $5.14 per share, for a total transaction of $51,400.00. Following the completion of the transaction, the insider now owns 614,080 shares in the company, valued at approximately $3,156,371.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 18.40% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Granahan Investment Management Inc. MA boosted its position in shares of Adesto Technologies by 351.6% during the second quarter. Granahan Investment Management Inc. MA now owns 338,132 shares of the technology company’s stock worth $2,840,000 after buying an additional 263,265 shares during the period. Rhumbline Advisers acquired a new position in shares of Adesto Technologies during the second quarter worth approximately $137,000. Nokomis Capital L.L.C. lifted its position in Adesto Technologies by 23.3% in the first quarter. Nokomis Capital L.L.C. now owns 947,361 shares of the technology company’s stock worth $7,010,000 after purchasing an additional 179,196 shares during the period. JPMorgan Chase & Co. acquired a new stake in Adesto Technologies in the first quarter worth approximately $159,000. Finally, Element Capital Management LLC acquired a new stake in Adesto Technologies in the first quarter worth approximately $116,000. Institutional investors and hedge funds own 38.83% of the company’s stock.

About Adesto Technologies

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific semiconductors for the Internet of Things (IoT) era. Its portfolio of semiconductor and embedded technologies are optimized for connected IoT devices used in industrial, consumer, communications, and medical applications.

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Earnings History and Estimates for Adesto Technologies (NASDAQ:IOTS)

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