Shares of ParkerVision Inc. (NASDAQ:PRKR) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus price target of $18.50 for the company, according to Zacks. Zacks has also assigned ParkerVision an industry rank of 22 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research raised ParkerVision from a “sell” rating to a “hold” rating in a report on Wednesday, July 20th.

ParkerVision (NASDAQ:PRKR) traded down 1.9319% on Wednesday, hitting $4.4621. The stock had a trading volume of 6,651 shares. The stock’s market capitalization is $57.17 million. The company has a 50-day moving average price of $5.10 and a 200-day moving average price of $3.91. ParkerVision has a 52 week low of $1.50 and a 52 week high of $8.18.

ParkerVision (NASDAQ:PRKR) last announced its earnings results on Monday, August 15th. The company reported ($0.72) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.45) by $0.27. ParkerVision had a negative return on equity of 763.33% and a negative net margin of 26,974.32%. During the same period last year, the company earned ($0.50) EPS. Equities research analysts anticipate that ParkerVision will post ($1.55) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in ParkerVision stock. Vanguard Group Inc. increased its stake in ParkerVision Inc. (NASDAQ:PRKR) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 260,560 shares of the company’s stock after buying an additional 3,900 shares during the period. Vanguard Group Inc. owned about 2.23% of ParkerVision worth $818,000 as of its most recent filing with the SEC. 20.93% of the stock is currently owned by institutional investors.

About ParkerVision

ParkerVision, Inc is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices.

5 Day Chart for NASDAQ:PRKR

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