Benchmark Co. initiated coverage on shares of Netlist Inc. (NASDAQ:NLST) in a research report sent to investors on Friday morning. The brokerage issued a buy rating and a $4.00 target price on the stock.

NLST has been the subject of several other research reports. Zacks Investment Research raised Netlist from a sell rating to a hold rating in a report on Wednesday, July 20th. B. Riley initiated coverage on Netlist in a report on Tuesday, September 27th. They issued a buy rating and a $3.20 price objective for the company.

Netlist (NASDAQ:NLST) remained flat at $1.24 on Friday. The stock had a trading volume of 23,296 shares. The stock has a 50-day moving average of $1.53 and a 200-day moving average of $1.39. Netlist has a 52 week low of $0.39 and a 52 week high of $2.19. The company’s market capitalization is $63.37 million.

Netlist (NASDAQ:NLST) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.01. Netlist had a negative return on equity of 2,840.55% and a negative net margin of 78.90%. On average, equities analysts predict that Netlist will post ($0.21) EPS for the current fiscal year.

In other Netlist news, CEO Chun K. Hong sold 200,000 shares of Netlist stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $1.67, for a total transaction of $334,000.00. Following the completion of the transaction, the chief executive officer now owns 4,952,803 shares of the company’s stock, valued at approximately $8,271,181.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 15.42% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fortress Investment Group LLC acquired a new position in shares of Netlist during the second quarter valued at approximately $788,000. BlackRock Fund Advisors raised its position in shares of Netlist by 1,346.9% in the second quarter. BlackRock Fund Advisors now owns 105,289 shares of the company’s stock valued at $123,000 after buying an additional 98,012 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Netlist by 3.1% in the second quarter. Vanguard Group Inc. now owns 1,349,632 shares of the company’s stock valued at $1,579,000 after buying an additional 39,964 shares during the last quarter. 16.70% of the stock is owned by institutional investors.

About Netlist

Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).

5 Day Chart for NASDAQ:NLST

Receive News & Stock Ratings for Netlist Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Netlist Inc. and related stocks with our FREE daily email newsletter.