Quantenna Communications (QTNA) Upgraded by ValuEngine to “Hold”
ValuEngine upgraded shares of Quantenna Communications (NASDAQ:QTNA) from a sell rating to a hold rating in a report published on Thursday.
A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Quantenna Communications from a hold rating to a sell rating in a research note on Thursday, February 15th. BidaskClub raised Quantenna Communications from a sell rating to a hold rating in a research note on Thursday, February 15th. Needham & Company LLC reissued a buy rating and issued a $20.00 price target on shares of Quantenna Communications in a research note on Tuesday, February 13th. Roth Capital cut their price target on Quantenna Communications from $27.00 to $17.00 and set a buy rating on the stock in a research note on Tuesday, November 7th. Finally, Barclays downgraded Quantenna Communications to an equal weight rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Quantenna Communications presently has an average rating of Hold and a consensus price target of $20.00.
Quantenna Communications (NASDAQ:QTNA) traded up $0.17 during mid-day trading on Thursday, hitting $14.16. The stock had a trading volume of 329,470 shares, compared to its average volume of 438,334. The firm has a market cap of $509.89, a P/E ratio of 16.09, a P/E/G ratio of 1.53 and a beta of 1.82. Quantenna Communications has a one year low of $9.60 and a one year high of $25.45.
In related news, SVP David William Carroll sold 3,587 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $14.00, for a total transaction of $50,218.00. Following the sale, the senior vice president now owns 42,988 shares of the company’s stock, valued at approximately $601,832. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 12,695 shares of company stock worth $177,796 in the last ninety days. 22.62% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Landscape Capital Management L.L.C. bought a new position in Quantenna Communications during the 4th quarter worth about $129,000. Stone Ridge Asset Management LLC bought a new position in Quantenna Communications during the 4th quarter worth about $138,000. MetLife Investment Advisors LLC bought a new position in Quantenna Communications during the 4th quarter worth about $145,000. Nationwide Fund Advisors increased its holdings in Quantenna Communications by 537.5% during the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock worth $227,000 after purchasing an additional 10,095 shares in the last quarter. Finally, Eqis Capital Management Inc. bought a new position in Quantenna Communications during the 4th quarter worth about $163,000. Hedge funds and other institutional investors own 52.47% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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