Somewhat Favorable News Coverage Somewhat Unlikely to Impact Adesto Technologies (IOTS) Share Price
Media stories about Adesto Technologies (NASDAQ:IOTS) have been trending somewhat positive on Monday, Accern reports. The research firm identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Adesto Technologies earned a coverage optimism score of 0.05 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 44.2235110347648 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
A number of equities analysts have weighed in on IOTS shares. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 price target on shares of Adesto Technologies in a research note on Wednesday, September 13th. Zacks Investment Research downgraded shares of Adesto Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th.
Adesto Technologies (IOTS) traded down $0.10 during trading hours on Monday, reaching $6.95. 89,900 shares of the company’s stock were exchanged, compared to its average volume of 102,225. The company has a debt-to-equity ratio of 0.41, a quick ratio of 3.98 and a current ratio of 4.41. The stock has a market capitalization of $140.57 and a P/E ratio of -15.80. Adesto Technologies has a 12 month low of $1.90 and a 12 month high of $9.20.
Adesto Technologies (NASDAQ:IOTS) last posted its quarterly earnings results on Wednesday, November 8th. The technology company reported $0.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.03. The company had revenue of $15.24 million for the quarter, compared to the consensus estimate of $14.50 million. Adesto Technologies had a negative net margin of 13.86% and a negative return on equity of 16.47%. Adesto Technologies’s revenue was up 36.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.19) earnings per share. research analysts anticipate that Adesto Technologies will post -0.25 earnings per share for the current year.
In other news, VP Shane Hollmer sold 3,912 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $7.70, for a total value of $30,122.40. Following the transaction, the vice president now owns 118,677 shares of the company’s stock, valued at approximately $913,812.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Ishai Naveh sold 11,413 shares of the firm’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $8.11, for a total transaction of $92,559.43. Following the completion of the transaction, the vice president now directly owns 115,393 shares in the company, valued at approximately $935,837.23. The disclosure for this sale can be found here. In the last three months, insiders sold 66,006 shares of company stock worth $535,443. Insiders own 22.10% of the company’s stock.
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About Adesto Technologies
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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