Quantenna Communications (QTNA) Now Covered by Stifel Nicolaus

Equities researchers at Stifel Nicolaus initiated coverage on shares of Quantenna Communications (NASDAQ:QTNA) in a research report issued on Tuesday, The Fly reports. The brokerage set a “buy” rating on the technology company’s stock.

Other analysts have also issued reports about the company. Dougherty & Co initiated coverage on Quantenna Communications in a research note on Tuesday, May 15th. They set a “buy” rating and a $20.00 price objective on the stock. BidaskClub upgraded Quantenna Communications from a “hold” rating to a “buy” rating in a research note on Saturday, March 10th. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Quantenna Communications in a research note on Tuesday, February 13th. ValuEngine upgraded Quantenna Communications from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Finally, Northland Securities initiated coverage on Quantenna Communications in a research note on Thursday, March 8th. They set an “outperform” rating and a $18.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $19.67.

Shares of NASDAQ:QTNA traded down $0.13 during midday trading on Tuesday, reaching $14.92. 120,448 shares of the company traded hands, compared to its average volume of 346,394. Quantenna Communications has a 12 month low of $9.60 and a 12 month high of $21.24. The firm has a market cap of $554.23 million, a price-to-earnings ratio of -746.00, a PEG ratio of 2.51 and a beta of 1.53.

Quantenna Communications (NASDAQ:QTNA) last released its quarterly earnings data on Monday, April 30th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. Quantenna Communications had a return on equity of 0.84% and a net margin of 17.46%. The company had revenue of $45.10 million for the quarter, compared to analyst estimates of $43.92 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 19.0% compared to the same quarter last year. sell-side analysts predict that Quantenna Communications will post 0.24 EPS for the current fiscal year.

In other Quantenna Communications news, SVP David William Carroll sold 3,866 shares of the company’s stock in a transaction dated Thursday, April 12th. The stock was sold at an average price of $14.00, for a total value of $54,124.00. Following the transaction, the senior vice president now directly owns 41,612 shares in the company, valued at approximately $582,568. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 18,346 shares of company stock worth $265,557 over the last 90 days. Corporate insiders own 13.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lyon Street Capital LLC bought a new position in Quantenna Communications in the 1st quarter worth about $4,308,000. Millennium Management LLC bought a new position in Quantenna Communications in the 1st quarter worth about $2,106,000. Segall Bryant & Hamill LLC bought a new position in Quantenna Communications in the 1st quarter worth about $512,000. Barclays PLC increased its stake in Quantenna Communications by 14.4% in the 1st quarter. Barclays PLC now owns 37,120 shares of the technology company’s stock worth $509,000 after acquiring an additional 4,685 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in Quantenna Communications by 2,686.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 520,875 shares of the technology company’s stock worth $7,136,000 after acquiring an additional 502,183 shares during the last quarter. Institutional investors and hedge funds own 54.14% of the company’s stock.

About Quantenna Communications

Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the United States and internationally. The company's solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and draft 802.11ax.

The Fly

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