Zacks: ParkerVision, Inc. (PRKR) Given Average Rating of “Strong Buy” by Analysts

ParkerVision, Inc. (NASDAQ:PRKR) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12 month consensus price objective of $12.00 for the company, according to Zacks. Zacks has also assigned ParkerVision an industry rank of 40 out of 255 based on the ratings given to related companies.

A hedge fund recently raised its stake in ParkerVision stock. Raymond James Financial Services Advisors Inc. lifted its holdings in ParkerVision, Inc. (NASDAQ:PRKR) by 614.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 195,801 shares of the semiconductor company’s stock after purchasing an additional 168,388 shares during the quarter. Raymond James Financial Services Advisors Inc. owned about 0.81% of ParkerVision worth $128,000 as of its most recent SEC filing. Institutional investors and hedge funds own 10.39% of the company’s stock.

Shares of ParkerVision stock traded down $0.03 during trading on Friday, hitting $0.59. 90,200 shares of the company were exchanged, compared to its average volume of 138,477. ParkerVision has a 1-year low of $0.48 and a 1-year high of $2.24. The company has a debt-to-equity ratio of -1.30, a quick ratio of 0.31 and a current ratio of 0.65.

ParkerVision (NASDAQ:PRKR) last posted its earnings results on Tuesday, May 15th. The semiconductor company reported ($0.19) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.25) by $0.06. The company had revenue of $0.08 million for the quarter. During the same period in the prior year, the firm earned ($0.32) EPS. analysts anticipate that ParkerVision will post 0.8 earnings per share for the current fiscal year.

About ParkerVision

ParkerVision, Inc designs, develops, and markets radio frequency (RF) technologies for use in wireless communication products in the United States. Its technologies apply to transmit and receive functions of transmitters, receivers, and transceivers, as well as other related RF communications functions.

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