Media headlines about Adesto Technologies Corporation (NASDAQ:IOTS) have trended somewhat positive recently, Accern reports. The research group identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Adesto Technologies Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 44.8265354782649 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Several analysts have recently weighed in on IOTS shares. ValuEngine raised Adesto Technologies Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 23rd. Zacks Investment Research raised Adesto Technologies Corporation from a “hold” rating to a “buy” rating and set a $5.00 price objective on the stock in a report on Wednesday, July 5th. Needham & Company LLC reissued a “buy” rating and set a $10.00 price objective on shares of Adesto Technologies Corporation in a report on Monday, September 25th. Finally, Benchmark Co. lifted their price objective on Adesto Technologies Corporation from $5.00 to $7.00 and gave the stock a “buy” rating in a report on Tuesday, July 4th.
Shares of Adesto Technologies Corporation (NASDAQ IOTS) traded down 1.23% during mid-day trading on Friday, hitting $8.00. The stock had a trading volume of 23,446 shares. The stock has a 50 day moving average of $7.76 and a 200-day moving average of $7.76. The stock’s market capitalization is $167.54 million. Adesto Technologies Corporation has a 52 week low of $1.50 and a 52 week high of $9.20.
Adesto Technologies Corporation (NASDAQ:IOTS) last issued its quarterly earnings results on Thursday, August 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The business had revenue of $13.40 million for the quarter, compared to the consensus estimate of $12.98 million. Adesto Technologies Corporation had a negative return on equity of 35.81% and a negative net margin of 21.41%. The firm’s quarterly revenue was up 30.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.21) earnings per share. On average, equities research analysts predict that Adesto Technologies Corporation will post ($0.13) earnings per share for the current year.
In other Adesto Technologies Corporation news, VP Ishai Naveh sold 21,706 shares of the company’s stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $6.32, for a total transaction of $137,181.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.10% of the stock is owned by corporate insiders.
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About Adesto Technologies Corporation
Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets.
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