Quantenna Communications (NASDAQ:QTNA) was downgraded by analysts at Dougherty & Co from a “buy” rating to a “neutral” rating in a note issued to investors on Thursday, The Fly reports.

Several other research firms also recently commented on QTNA. Stifel Nicolaus downgraded Quantenna Communications from a “buy” rating to a “hold” rating in a report on Thursday. Needham & Company LLC downgraded Quantenna Communications from a “strong-buy” rating to a “hold” rating in a report on Thursday. Morgan Stanley cut Quantenna Communications to an “equal weight” rating and set a $24.50 target price on the stock. in a research note on Thursday. Barclays raised Quantenna Communications from an “underweight” rating to an “equal weight” rating in a research note on Thursday. Finally, TheStreet raised Quantenna Communications from a “d+” rating to a “c-” rating in a research note on Monday, February 25th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $20.61.

QTNA opened at $20.50 on Thursday. The stock has a market capitalization of $785.50 million, a PE ratio of 256.25, a P/E/G ratio of 2.71 and a beta of 1.00. Quantenna Communications has a 12 month low of $12.48 and a 12 month high of $21.65.

Quantenna Communications (NASDAQ:QTNA) last released its quarterly earnings data on Monday, February 4th. The technology company reported $0.09 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The firm had revenue of $62.60 million for the quarter, compared to the consensus estimate of $62.00 million. Quantenna Communications had a return on equity of 6.63% and a net margin of 1.40%. The company’s quarterly revenue was up 51.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 earnings per share. As a group, research analysts expect that Quantenna Communications will post 0.38 EPS for the current year.

In other Quantenna Communications news, SVP David William Carroll sold 39,083 shares of the business’s stock in a transaction on Friday, January 11th. The shares were sold at an average price of $15.50, for a total transaction of $605,786.50. Following the completion of the sale, the senior vice president now directly owns 60,370 shares in the company, valued at approximately $935,735. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Sam Heidari sold 15,000 shares of the business’s stock in a transaction on Tuesday, January 8th. The shares were sold at an average price of $15.00, for a total transaction of $225,000.00. Following the sale, the chief executive officer now owns 206,028 shares of the company’s stock, valued at $3,090,420. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 177,929 shares of company stock worth $2,958,929. Insiders own 13.49% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. raised its position in Quantenna Communications by 2.8% in the 4th quarter. BlackRock Inc. now owns 2,252,719 shares of the technology company’s stock worth $32,326,000 after purchasing an additional 61,978 shares during the period. JPMorgan Chase & Co. raised its position in Quantenna Communications by 31.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,230,121 shares of the technology company’s stock worth $41,146,000 after purchasing an additional 529,520 shares during the period. Trigran Investments Inc. raised its position in Quantenna Communications by 46.0% in the 4th quarter. Trigran Investments Inc. now owns 1,487,486 shares of the technology company’s stock worth $21,346,000 after purchasing an additional 468,644 shares during the period. Vanguard Group Inc. raised its position in Quantenna Communications by 8.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,833 shares of the technology company’s stock worth $21,380,000 after purchasing an additional 91,503 shares during the period. Finally, Vanguard Group Inc raised its position in Quantenna Communications by 8.6% in the 3rd quarter. Vanguard Group Inc now owns 1,158,833 shares of the technology company’s stock worth $21,380,000 after purchasing an additional 91,503 shares during the period. 66.10% of the stock is owned by hedge funds and other institutional investors.

Quantenna Communications Company Profile

Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the Asia-Pacific, Europe, the Middle East, Africa, and the Americas. Its solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and the draft Wi-Fi 6 standard.

Recommended Story: Stop Order

The Fly

Analyst Recommendations for Quantenna Communications (NASDAQ:QTNA)

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.