Adesto Technologies Corporation (NASDAQ:IOTS) shares reached a new 52-week high on Monday . The stock traded as high as $6.10 and last traded at $6.06, with a volume of 187,693 shares traded. The stock had previously closed at $5.40.

Several research analysts recently weighed in on IOTS shares. Needham & Company LLC boosted their price target on shares of Adesto Technologies Corporation from $6.00 to $7.00 and gave the stock a “strong-buy” rating in a report on Friday, May 12th. Zacks Investment Research lowered shares of Adesto Technologies Corporation from a “buy” rating to a “hold” rating in a research report on Wednesday, April 19th. ValuEngine lowered shares of Adesto Technologies Corporation from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Finally, Benchmark Co. lifted their price objective on shares of Adesto Technologies Corporation from $5.00 to $7.00 and gave the stock a “buy” rating in a research report on Tuesday, July 4th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Adesto Technologies Corporation presently has a consensus rating of “Buy” and an average price target of $5.75.

The company’s market cap is $87.11 million. The company has a 50 day moving average of $4.66 and a 200 day moving average of $4.46.

Adesto Technologies Corporation (NASDAQ:IOTS) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.03. Adesto Technologies Corporation had a negative net margin of 21.41% and a negative return on equity of 44.81%. The company had revenue of $13.40 million for the quarter, compared to the consensus estimate of $12.98 million. During the same period in the prior year, the firm posted ($0.21) EPS. Adesto Technologies Corporation’s revenue for the quarter was up 30.1% on a year-over-year basis. On average, equities research analysts forecast that Adesto Technologies Corporation will post ($0.15) EPS for the current year.

Several hedge funds have recently made changes to their positions in IOTS. Spark Investment Management LLC bought a new stake in shares of Adesto Technologies Corporation during the first quarter worth about $407,000. Unterberg Capital LLC bought a new stake in shares of Adesto Technologies Corporation during the second quarter worth about $1,433,000. Herald Investment Management Ltd bought a new stake in shares of Adesto Technologies Corporation during the first quarter worth about $1,460,000. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in shares of Adesto Technologies Corporation by 29.2% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 1,673,088 shares of the technology company’s stock worth $6,943,000 after buying an additional 378,233 shares during the last quarter. 14.49% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION WARNING: “Adesto Technologies Corporation (IOTS) Reaches New 1-Year High at $6.10” was originally published by Daily Political and is the property of of Daily Political. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://www.dailypolitical.com/2017/08/09/adesto-technologies-corporation-iots-reaches-new-1-year-high-at-6-10.html.

About Adesto Technologies Corporation

Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets.

Receive News & Ratings for Adesto Technologies Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adesto Technologies Corporation and related companies with MarketBeat.com's FREE daily email newsletter.