News stories about Adesto Technologies (NASDAQ:IOTS) have been trending somewhat positive on Sunday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Adesto Technologies earned a daily sentiment score of 0.02 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 46.2790412298959 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

IOTS traded down $0.30 during trading on Friday, reaching $5.45. The stock had a trading volume of 376,005 shares, compared to its average volume of 726,052. The company has a market capitalization of $123.36 million, a price-to-earnings ratio of -22.71 and a beta of 0.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.39 and a quick ratio of 2.03. Adesto Technologies has a 1-year low of $4.70 and a 1-year high of $10.80.

Adesto Technologies (NASDAQ:IOTS) last released its earnings results on Wednesday, August 1st. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Adesto Technologies had a negative return on equity of 8.07% and a negative net margin of 11.29%. The firm had revenue of $18.18 million during the quarter, compared to analyst estimates of $18.17 million. equities analysts expect that Adesto Technologies will post -0.27 EPS for the current fiscal year.

IOTS has been the subject of several recent research reports. Cowen initiated coverage on Adesto Technologies in a report on Monday, July 30th. They set an “outperform” rating and a $8.00 target price for the company. Canaccord Genuity began coverage on Adesto Technologies in a report on Monday, July 16th. They issued a “buy” rating and a $9.00 price objective for the company. Zacks Investment Research downgraded Adesto Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, July 12th. B. Riley cut their target price on Adesto Technologies from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Thursday, May 10th. Finally, TheStreet downgraded Adesto Technologies from a “c-” rating to a “d+” rating in a research report on Monday, July 30th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $9.86.

In related news, insider Narbeh Derhacobian acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was bought at an average price of $5.14 per share, for a total transaction of $51,400.00. Following the transaction, the insider now owns 614,080 shares of the company’s stock, valued at $3,156,371.20. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 18.40% of the stock is currently owned by corporate insiders.

Adesto Technologies Company Profile

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific and ultra-low power non-volatile memory products. The company offers standard serial flash products, including DataFlash for data-logging applications, such as industrial automation, home automation sensing, and health and fitness tracking; Fusion Flash for use in various high-volume consumer applications comprising wearables, mobile, and other applications; and EcoXip that enables enhanced processor performance and reduced system power consumption.

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