BidaskClub upgraded shares of Quantenna Communications (NASDAQ:QTNA) from a hold rating to a buy rating in a research report released on Saturday morning.
QTNA has been the subject of several other reports. Zacks Investment Research downgraded Quantenna Communications from a hold rating to a sell rating in a research report on Friday, November 10th. ValuEngine downgraded Quantenna Communications from a hold rating to a sell rating in a research report on Wednesday. Needham & Company LLC restated a buy rating and set a $20.00 price objective on shares of Quantenna Communications in a research report on Tuesday, December 19th. Finally, Northland Securities initiated coverage on Quantenna Communications in a research report on Thursday. They set an outperform rating and a $18.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. Quantenna Communications presently has a consensus rating of Hold and a consensus price target of $19.60.
Shares of Quantenna Communications (NASDAQ:QTNA) traded up $0.58 during trading on Friday, hitting $15.31. The company had a trading volume of 610,744 shares, compared to its average volume of 421,437. Quantenna Communications has a 1 year low of $9.60 and a 1 year high of $25.45. The firm has a market cap of $539.23 and a P/E ratio of 11.60.
In other Quantenna Communications news, SVP David William Carroll sold 3,866 shares of Quantenna Communications stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $14.00, for a total value of $54,124.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 12,695 shares of company stock valued at $177,796 over the last ninety days. 22.62% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Schwab Charles Investment Management Inc. grew its stake in Quantenna Communications by 4.8% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 81,828 shares of the technology company’s stock worth $999,000 after acquiring an additional 3,744 shares during the period. Citadel Advisors LLC grew its stake in Quantenna Communications by 28.9% in the 3rd quarter. Citadel Advisors LLC now owns 42,746 shares of the technology company’s stock worth $719,000 after acquiring an additional 9,589 shares during the period. Nationwide Fund Advisors grew its stake in Quantenna Communications by 537.5% in the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock worth $227,000 after acquiring an additional 10,095 shares during the period. RK Capital Management LLC grew its stake in Quantenna Communications by 3.5% in the 3rd quarter. RK Capital Management LLC now owns 305,119 shares of the technology company’s stock worth $5,129,000 after acquiring an additional 10,237 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new stake in Quantenna Communications in the 4th quarter worth approximately $129,000. 49.08% of the stock is owned by hedge funds and other institutional investors.
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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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