Media headlines about Adesto Technologies Corporation (NASDAQ:IOTS) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Adesto Technologies Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also gave news headlines about the technology company an impact score of 44.8945291940716 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Adesto Technologies Corporation in a research note on Monday. Zacks Investment Research raised Adesto Technologies Corporation from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research note on Thursday, June 29th. Benchmark Co. lifted their price objective on Adesto Technologies Corporation from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, July 4th. Finally, ValuEngine raised Adesto Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd.

Adesto Technologies Corporation (NASDAQ:IOTS) last issued its earnings results on Thursday, August 3rd. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The business had revenue of $13.40 million for the quarter, compared to analyst estimates of $12.98 million. Adesto Technologies Corporation had a negative return on equity of 35.81% and a negative net margin of 21.41%. The business’s quarterly revenue was up 30.1% on a year-over-year basis. During the same period last year, the company posted ($0.21) EPS.

In related news, VP Ishai Naveh sold 21,706 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $6.32, for a total value of $137,181.92. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 22.10% of the company’s stock.

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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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