Shares of Netlist Inc. (NASDAQ:NLST) have earned a consensus broker rating score of 1.00 (Strong Buy) from the three analysts that cover the stock, Zacks Investment Research reports. Three equities research analysts have rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price objective of $3.27 for the company and are forecasting that the company will post ($0.07) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Netlist an industry rank of 22 out of 265 based on the ratings given to related companies.

A number of analysts have recently issued reports on NLST shares. B. Riley reissued a “buy” rating and set a $2.80 target price on shares of Netlist in a research note on Sunday, November 20th. Benchmark Co. started coverage on shares of Netlist in a research note on Friday, September 30th. They set a “buy” rating and a $4.00 target price for the company.

Several hedge funds have recently added to or reduced their stakes in NLST. Penn Capital Management Co. Inc. purchased a new stake in Netlist during the third quarter valued at $1,367,000. B. Riley Financial Inc. purchased a new stake in Netlist during the third quarter valued at $906,000. Symmetry Peak Management LLC purchased a new stake in Netlist during the third quarter valued at $124,000. AWM Investment Company Inc. increased its stake in Netlist by 14.3% in the third quarter. AWM Investment Company Inc. now owns 5,680,928 shares of the company’s stock valued at $7,044,000 after buying an additional 711,385 shares during the last quarter. Finally, Mesirow Financial Investment Management Equity Management purchased a new stake in Netlist during the third quarter valued at $188,000. Hedge funds and other institutional investors own 23.20% of the company’s stock.

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Shares of Netlist (NASDAQ:NLST) remained flat at $1.08 during mid-day trading on Wednesday. 18,610 shares of the stock were exchanged. The company’s market cap is $65.83 million. Netlist has a 12 month low of $0.64 and a 12 month high of $2.19. The company’s 50 day moving average price is $1.16 and its 200 day moving average price is $1.33.

Netlist (NASDAQ:NLST) last issued its earnings results on Monday, November 14th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.01. The firm earned $2.60 million during the quarter, compared to analyst estimates of $3.50 million. Netlist had a negative net margin of 68.67% and a negative return on equity of 2,840.55%. On average, equities research analysts predict that Netlist will post ($0.21) earnings per share for the current fiscal year.

Netlist Company Profile

Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).

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