Adesto Technologies (IOTS) Given Daily Media Sentiment Rating of 0.08

News coverage about Adesto Technologies (NASDAQ:IOTS) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Adesto Technologies earned a news impact score of 0.08 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.2526215689603 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern Sentiment’s rankings:

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Several brokerages have commented on IOTS. B. Riley began coverage on shares of Adesto Technologies in a research report on Tuesday, March 20th. They set a “buy” rating and a $10.00 price target on the stock. Northland Securities began coverage on shares of Adesto Technologies in a research report on Monday, March 19th. They set an “outperform” rating and a $10.50 price target on the stock. Zacks Investment Research cut shares of Adesto Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. TheStreet raised shares of Adesto Technologies from a “d” rating to a “c-” rating in a research report on Wednesday, February 14th. Finally, Needham & Company LLC reissued a “buy” rating and set a $10.00 price target on shares of Adesto Technologies in a research report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Adesto Technologies currently has a consensus rating of “Buy” and an average price target of $9.30.

Shares of IOTS stock traded up $0.10 on Friday, reaching $7.60. The stock had a trading volume of 105,979 shares, compared to its average volume of 92,003. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.75 and a current ratio of 3.15. The stock has a market cap of $162.59, a price-to-earnings ratio of -31.67 and a beta of 1.36. Adesto Technologies has a 12 month low of $3.80 and a 12 month high of $9.20.

Adesto Technologies (NASDAQ:IOTS) last issued its earnings results on Tuesday, February 13th. The technology company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.01. The company had revenue of $16.15 million for the quarter, compared to analysts’ expectations of $16.00 million. Adesto Technologies had a negative net margin of 10.14% and a negative return on equity of 8.54%. sell-side analysts predict that Adesto Technologies will post -0.04 EPS for the current fiscal year.

In other news, VP Janet Wang sold 8,333 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $6.50, for a total value of $54,164.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 22.10% of the stock is currently owned by corporate insiders.

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About Adesto Technologies

Adesto Technologies Corporation, together with its subsidiaries, provides application-specific and ultra-low power non-volatile memory products. The company offers standard serial flash products, including DataFlash for data-logging applications, such as industrial automation, home automation sensing, and health and fitness tracking; Fusion Flash for use in various high-volume consumer applications comprising wearables, mobile, and other applications; and EcoXip that enables enhanced processor performance and reduced system power consumption.

Insider Buying and Selling by Quarter for Adesto Technologies (NASDAQ:IOTS)

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