BidaskClub upgraded shares of Quantenna Communications (NASDAQ:QTNA) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.
A number of other analysts also recently issued reports on the company. Zacks Investment Research downgraded Quantenna Communications from a hold rating to a sell rating in a research report on Friday, November 10th. Needham & Company LLC restated a buy rating and issued a $20.00 price target on shares of Quantenna Communications in a research report on Tuesday, February 13th. ValuEngine downgraded Quantenna Communications from a hold rating to a sell rating in a research report on Sunday, December 31st. Finally, Northland Securities started coverage on Quantenna Communications in a research report on Thursday, March 8th. They issued an outperform rating and a $18.00 price target for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and a consensus target price of $19.60.
Quantenna Communications (NASDAQ QTNA) opened at $15.40 on Friday. The company has a market capitalization of $553.39 and a P/E ratio of 11.67. Quantenna Communications has a 52-week low of $9.60 and a 52-week high of $25.45.
In related news, SVP David William Carroll sold 3,868 shares of the firm’s stock in a transaction on Tuesday, January 30th. The stock was sold at an average price of $14.01, for a total value of $54,190.68. Following the completion of the sale, the senior vice president now directly owns 42,988 shares in the company, valued at $602,261.88. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders sold 12,695 shares of company stock valued at $177,796. 22.62% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Hamilton Lane Advisors LLC bought a new stake in Quantenna Communications in the fourth quarter worth $1,850,000. Brown Advisory Inc. bought a new stake in shares of Quantenna Communications during the third quarter worth $333,000. Quantum Capital Management bought a new stake in shares of Quantenna Communications during the third quarter worth $1,185,000. Citadel Advisors LLC lifted its position in shares of Quantenna Communications by 28.9% during the third quarter. Citadel Advisors LLC now owns 42,746 shares of the technology company’s stock worth $719,000 after purchasing an additional 9,589 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of Quantenna Communications by 90.0% during the third quarter. Wells Fargo & Company MN now owns 514,295 shares of the technology company’s stock worth $8,646,000 after purchasing an additional 243,655 shares during the last quarter. Institutional investors own 48.02% of the company’s stock.
Quantenna Communications 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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