Quantenna Communications Inc (NASDAQ:QTNA) Given Consensus Rating of “Hold” by Analysts

Shares of Quantenna Communications Inc (NASDAQ:QTNA) have earned an average rating of “Hold” from the thirteen research firms that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $24.45.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Quantenna Communications from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Friday, June 21st. Northland Securities downgraded shares of Quantenna Communications to a “market perform” rating in a research report on Friday, May 10th. BidaskClub upgraded shares of Quantenna Communications from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 7th. Finally, William Blair downgraded shares of Quantenna Communications from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 30th.

Shares of QTNA stock remained flat at $$24.51 on Tuesday. The company has a market capitalization of $946.33 million, a price-to-earnings ratio of 306.38, a PEG ratio of 2.88 and a beta of 0.92. Quantenna Communications has a fifty-two week low of $13.03 and a fifty-two week high of $24.63. The company’s 50-day moving average price is $79,227,153.45.

In related news, CEO Sam Heidari sold 64,604 shares of the firm’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $24.27, for a total transaction of $1,567,939.08. Following the completion of the transaction, the chief executive officer now directly owns 365,336 shares of the company’s stock, valued at $8,866,704.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 13.49% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Penserra Capital Management LLC purchased a new position in Quantenna Communications during the first quarter valued at $43,000. Vivaldi Asset Management LLC purchased a new position in Quantenna Communications during the first quarter valued at $8,653,000. Stephens Inc. AR purchased a new position in Quantenna Communications during the first quarter valued at $557,000. Metropolitan Life Insurance Co. NY grew its stake in Quantenna Communications by 356.7% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 11,207 shares of the technology company’s stock valued at $161,000 after acquiring an additional 8,753 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in Quantenna Communications by 3.8% during the fourth quarter. American Century Companies Inc. now owns 492,935 shares of the technology company’s stock valued at $7,074,000 after acquiring an additional 18,249 shares in the last quarter. 83.01% of the stock is owned by institutional investors.

Quantenna Communications Company Profile

Quantenna Communications, Inc designs, develops, and markets wireless communication solutions enabling wireless local area networking in the Asia-Pacific, Europe, the Middle East, Africa, and the Americas. Its solutions portfolio comprises radio frequency chips and digital baseband chips, which support the IEEE Wi-Fi standards, including 802.11n, 802.11ac, and the draft Wi-Fi 6 standard.

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Analyst Recommendations for Quantenna Communications (NASDAQ:QTNA)

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