Quantenna Communications (QTNA) Rating Increased to Hold at ValuEngine
Quantenna Communications (NASDAQ:QTNA) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.
A number of other research firms also recently commented on QTNA. BidaskClub raised shares of Quantenna Communications from a “strong sell” rating to a “sell” rating in a research report on Saturday, January 6th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Quantenna Communications in a research note on Tuesday, February 13th. Zacks Investment Research cut shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Barclays cut shares of Quantenna Communications to an “equal weight” rating in a research note on Tuesday, November 7th. Finally, Roth Capital dropped their price target on shares of Quantenna Communications from $27.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $20.00.
Quantenna Communications (NASDAQ:QTNA) traded up $0.17 during trading hours on Thursday, reaching $14.16. 329,470 shares of the company’s stock were exchanged, compared to its average volume of 438,334. Quantenna Communications has a fifty-two week low of $9.60 and a fifty-two week high of $25.45. The company has a market cap of $503.76, a P/E ratio of 16.09, a PEG ratio of 1.51 and a beta of 1.82.
In other news, SVP David William Carroll sold 3,587 shares of Quantenna Communications stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $14.00, for a total transaction of $50,218.00. Following the transaction, the senior vice president now owns 42,988 shares in the company, valued at approximately $601,832. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 12,695 shares of company stock worth $177,796 in the last quarter. Corporate insiders own 22.62% of the company’s stock.
Several institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. purchased a new position in shares of Quantenna Communications during the 2nd quarter valued at $378,000. Teachers Advisors LLC lifted its stake in shares of Quantenna Communications by 244.7% during the 2nd quarter. Teachers Advisors LLC now owns 37,569 shares of the technology company’s stock valued at $714,000 after buying an additional 26,670 shares in the last quarter. TIAA CREF Investment Management LLC lifted its stake in shares of Quantenna Communications by 416.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 56,739 shares of the technology company’s stock valued at $1,078,000 after buying an additional 45,753 shares in the last quarter. Nationwide Fund Advisors lifted its stake in shares of Quantenna Communications by 537.5% during the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock valued at $227,000 after buying an additional 10,095 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of Quantenna Communications by 213.8% during the 2nd quarter. New York State Common Retirement Fund now owns 22,600 shares of the technology company’s stock valued at $429,000 after buying an additional 15,399 shares in the last quarter. Institutional investors and hedge funds own 52.47% of the company’s stock.
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About Quantenna Communications
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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