Zacks Investment Research downgraded shares of Quantenna Comms (NASDAQ:QTNA) from a hold rating to a sell rating in a research note published on Friday.

According to Zacks, “Quantenna Communications, Inc. designs, develops and markets wireless communication solutions. The Company offers wireless solutions for wi-fi routers and consumer electronics, an integrated single chip solution for video stream and multiple input and output chipsets. Quantenna Communications, Inc. is based in Fremont, United States. “

QTNA has been the subject of several other reports. Barclays PLC reiterated an overweight rating on shares of Quantenna Comms in a research note on Friday, July 21st. Needham & Company LLC reiterated a buy rating on shares of Quantenna Comms in a research note on Tuesday, August 8th. ValuEngine downgraded shares of Quantenna Comms from a hold rating to a sell rating in a research report on Tuesday, November 7th. Finally, Roth Capital decreased their target price on shares of Quantenna Comms from $27.00 to $17.00 and set a buy rating for the company in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Quantenna Comms presently has an average rating of Buy and an average target price of $21.50.

Quantenna Comms (NASDAQ QTNA) opened at $12.44 on Friday. The stock has a market cap of $423.36 and a P/E ratio of 120.20. Quantenna Comms has a 1-year low of $9.60 and a 1-year high of $25.45. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.06.

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In related news, CFO Sean Sobers sold 4,966 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $18.76, for a total transaction of $93,162.16. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Lionel Bonnot sold 9,474 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $16.41, for a total transaction of $155,468.34. Following the sale, the senior vice president now directly owns 17,426 shares in the company, valued at $285,960.66. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,333 shares of company stock worth $2,035,914. Company insiders own 22.62% of the company’s stock.

Several large investors have recently made changes to their positions in QTNA. FMR LLC increased its position in shares of Quantenna Comms by 88.1% in the 2nd quarter. FMR LLC now owns 984,434 shares of the technology company’s stock valued at $18,704,000 after purchasing an additional 461,023 shares during the last quarter. JHL Capital Group LLC purchased a new stake in shares of Quantenna Comms in the 2nd quarter valued at approximately $5,700,000. Vanguard Group Inc. increased its position in shares of Quantenna Comms by 90.8% in the 2nd quarter. Vanguard Group Inc. now owns 611,732 shares of the technology company’s stock valued at $11,622,000 after purchasing an additional 291,167 shares during the last quarter. Point72 Europe London LLP purchased a new stake in shares of Quantenna Comms in the 2nd quarter valued at approximately $4,979,000. Finally, Wells Fargo & Company MN grew its position in shares of Quantenna Comms by 90.0% in the 3rd quarter. Wells Fargo & Company MN now owns 514,295 shares of the technology company’s stock valued at $8,646,000 after buying an additional 243,655 shares during the last quarter. 37.31% of the stock is currently owned by institutional investors.

Quantenna Comms Company Profile

Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.

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Analyst Recommendations for Quantenna Comms (NASDAQ:QTNA)

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