Media stories about Adesto Technologies (NASDAQ:IOTS) have trended somewhat positive on Sunday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog 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 coverage optimism score of 0.05 on Accern’s scale. Accern also gave news articles about the technology company an impact score of 46.8014492954683 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Adesto Technologies (IOTS) (seekingalpha.com)
- Adesto Technologies +15% after CEO buys 10K shares (seekingalpha.com)
- Micron Technology (MU) & Adesto Technologies (IOTS) Critical Review (americanbankingnews.com)
- President and CEO of Adesto Technologies Corp (NASDAQ:IOTS), Derhacobian Narbeh, buys 10,000 shares worth $51,350 (empowerednews.net)
- Adesto Technologies Corp (IOTS) Insider Narbeh Derhacobian Buys 10,000 Shares (americanbankingnews.com)
Shares of Adesto Technologies traded down $0.30, hitting $5.45, during mid-day trading on Friday, according to MarketBeat. The company’s stock had a trading volume of 376,005 shares, compared to its average volume of 726,052. The company has a quick ratio of 2.03, a current ratio of 2.39 and a debt-to-equity ratio of 0.30. Adesto Technologies has a fifty-two week low of $4.70 and a fifty-two week high of $10.80.
Several analysts recently weighed in on the stock. Cowen assumed coverage on shares of Adesto Technologies in a research report on Monday, July 30th. They issued an “outperform” rating and a $8.00 price objective on the stock. ValuEngine downgraded shares of Adesto Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. B. Riley cut their price objective on shares of Adesto Technologies from $11.00 to $9.50 and set a “buy” rating on the stock in a research report on Thursday, August 2nd. Benchmark boosted their price target on shares of Adesto Technologies from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, June 29th. Finally, TheStreet downgraded shares of Adesto Technologies from a “c-” rating to a “d+” rating in a research report on Monday, July 30th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. Adesto Technologies currently has a consensus rating of “Buy” and a consensus price target of $9.86.
In other news, insider Narbeh Derhacobian bought 10,000 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were acquired at an average cost of $5.14 per share, with a total value of $51,400.00. Following the completion of the transaction, the insider now directly owns 614,080 shares in the company, valued at approximately $3,156,371.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 18.40% of the company’s stock.
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.
Featured Story: Short Selling
Receive News & Ratings for Adesto Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adesto Technologies and related companies with MarketBeat.com's FREE daily email newsletter.