Quantenna Comms (QTNA) Receives $21.50 Consensus Target Price from Analysts

Shares of Quantenna Comms (NASDAQ:QTNA) have been assigned a consensus recommendation of “Buy” from the nine analysts that are currently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, five have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $21.50.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Quantenna Comms from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Roth Capital lowered their price objective on shares of Quantenna Comms from $27.00 to $17.00 and set a “buy” rating for the company in a research note on Tuesday, November 7th. Needham & Company LLC reissued a “buy” rating on shares of Quantenna Comms in a research note on Tuesday, August 8th. ValuEngine lowered shares of Quantenna Comms from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Barclays PLC lowered their price objective on shares of Quantenna Comms from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Tuesday, August 8th.

Shares of Quantenna Comms (NASDAQ:QTNA) traded up $0.27 during mid-day trading on Friday, reaching $12.47. 789,727 shares of the company’s stock traded hands, compared to its average volume of 335,252. The company has a current ratio of 4.06, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $422.49 and a price-to-earnings ratio of 124.50. Quantenna Comms has a one year low of $9.60 and a one year high of $25.45.

In other news, SVP David William Carroll sold 7,000 shares of Quantenna Comms stock in a transaction on Monday, September 11th. The shares were sold at an average price of $17.53, for a total value of $122,710.00. Following the transaction, the senior vice president now directly owns 44,149 shares of the company’s stock, valued at approximately $773,931.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lionel Bonnot sold 9,474 shares of Quantenna Comms stock in a transaction on Tuesday, August 22nd. The shares were sold at an average price of $16.41, for a total transaction of $155,468.34. Following the completion of the transaction, the senior vice president now directly owns 17,426 shares in the company, valued at $285,960.66. The disclosure for this sale can be found here. In the last three months, insiders have sold 133,732 shares of company stock worth $2,188,958. 22.62% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of Quantenna Comms by 3.5% in 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 acquiring an additional 2,035 shares during the period. Creative Planning acquired a new position in shares of Quantenna Comms in the 2nd quarter valued at $102,000. Pier Capital LLC increased its holdings in shares of Quantenna Comms by 2.8% in the 2nd quarter. Pier Capital LLC now owns 216,656 shares of the technology company’s stock valued at $4,116,000 after acquiring an additional 5,968 shares during the period. Citadel Advisors LLC grew its position in Quantenna Comms by 28.9% in the 3rd quarter. Citadel Advisors LLC now owns 42,746 shares of the technology company’s stock valued at $719,000 after buying an additional 9,589 shares during the last quarter. Finally, Nationwide Fund Advisors grew its position in Quantenna Comms by 537.5% in the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock valued at $227,000 after buying an additional 10,095 shares during the last quarter. 37.31% of the stock is currently owned by institutional investors and hedge funds.

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Quantenna Comms 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.

Analyst Recommendations for Quantenna Comms (NASDAQ:QTNA)

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