Gilder Gagnon Howe & Co. LLC cut its position in Adesto Technologies Corporation (NASDAQ:IOTS) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,663,117 shares of the technology company’s stock after selling 9,971 shares during the period. Gilder Gagnon Howe & Co. LLC owned 0.11% of Adesto Technologies Corporation worth $7,567,000 as of its most recent filing with the SEC.

Separately, Herald Investment Management Ltd bought a new stake in shares of Adesto Technologies Corporation during the first quarter worth about $1,460,000. Institutional investors own 14.49% of the company’s stock.

Shares of Adesto Technologies Corporation (NASDAQ IOTS) opened at 5.50 on Wednesday. The firm’s market capitalization is $87.11 million. The firm has a 50 day moving average price of $4.66 and a 200-day moving average price of $4.46. Adesto Technologies Corporation has a 52 week low of $1.50 and a 52 week high of $5.90.

Adesto Technologies Corporation (NASDAQ:IOTS) last released its earnings results 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. The firm had revenue of $13.40 million during the quarter, compared to analyst estimates of $12.98 million. Adesto Technologies Corporation had a negative return on equity of 44.81% and a negative net margin of 21.41%. The business’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.21) earnings per share. Equities research analysts predict that Adesto Technologies Corporation will post ($0.15) EPS for the current fiscal year.

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A number of analysts have issued reports on IOTS shares. Needham & Company LLC raised their target price on Adesto Technologies Corporation from $6.00 to $7.00 and gave the stock a “strong-buy” rating in a research note on Friday, May 12th. Zacks Investment Research downgraded Adesto Technologies Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, April 19th. ValuEngine downgraded Adesto Technologies Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. Finally, Benchmark Co. raised their target price on Adesto Technologies Corporation from $5.00 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, July 4th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $5.75.

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.

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Institutional Ownership by Quarter for Adesto Technologies Corporation (NASDAQ:IOTS)

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