Quantenna Communications (NASDAQ:QTNA) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, March 7th.
Other analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Quantenna Communications from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Quantenna Communications in a report on Tuesday, February 13th. Barclays lowered shares of Quantenna Communications to an “equal weight” rating in a report on Tuesday, November 7th. Finally, Roth Capital decreased their price target on shares of Quantenna Communications from $27.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $19.60.
Quantenna Communications (QTNA) opened at $15.40 on Wednesday. Quantenna Communications has a one year low of $9.60 and a one year high of $25.45. The stock has a market cap of $562.46, a P/E ratio of 781.00, a PEG ratio of 1.75 and a beta of 1.82.
In other Quantenna Communications news, SVP David William Carroll sold 3,868 shares of the business’s stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $14.01, for a total transaction of $54,190.68. Following the sale, the senior vice president now directly owns 42,988 shares of the company’s stock, valued at approximately $602,261.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold a total of 12,695 shares of company stock worth $177,796 over the last three months. Insiders own 22.62% of the company’s stock.
Several hedge funds have recently modified their holdings of QTNA. Thrivent Financial For Lutherans bought a new stake in shares of Quantenna Communications in the 4th quarter valued at about $10,008,000. Vanguard Group Inc. raised its holdings in shares of Quantenna Communications 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 period. Wells Fargo & Company MN raised its holdings in shares of Quantenna Communications 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 purchasing an additional 243,655 shares during the period. State Street Corp raised its holdings in shares of Quantenna Communications by 248.7% in the 2nd quarter. State Street Corp now owns 317,479 shares of the technology company’s stock valued at $6,033,000 after purchasing an additional 226,425 shares during the period. Finally, Cortina Asset Management LLC raised its holdings in shares of Quantenna Communications by 36.2% in the 4th quarter. Cortina Asset Management LLC now owns 645,349 shares of the technology company’s stock valued at $7,873,000 after purchasing an additional 171,582 shares during the period. 48.02% of the stock is currently owned by institutional investors.
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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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