Quantenna Communications Inc (QTNA) Receives New Coverage from Analysts at William Blair
Several other analysts have also commented on the stock. Barclays PLC started coverage on shares of Quantenna Communications in a research report on Tuesday. They set an overweight rating and a $23.00 price target on the stock. Deutsche Bank AG started coverage on shares of Quantenna Communications in a report on Tuesday. They set a buy rating and a $25.00 price objective on the stock. Finally, Needham & Company LLC started coverage on shares of Quantenna Communications in a report on Tuesday. They set a buy rating and a $25.00 price objective on the stock. Six research analysts have rated the stock with a buy rating, Quantenna Communications presently has a consensus rating of Buy and a consensus price target of $24.40.
Shares of Quantenna Communications (NASDAQ:QTNA) traded up 1.863% during trading on Tuesday, reaching $19.955. 102,724 shares of the company traded hands. The stock’s market capitalization is $654.14 billion. Quantenna Communications has a 52 week low of $13.75 and a 52 week high of $20.37. The firm has a 50 day moving average of $16.84 and a 200 day moving average of $16.84.
In other Quantenna Communications news, CFO Sean Sobers purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The shares were purchased at an average cost of $16.00 per share, with a total value of $160,000.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares in the company, valued at approximately $160,000. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mark A. Stevens purchased 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $240,000.00. The disclosure for this purchase can be found here.
Quantenna Communications Company Profile
Quantenna Communications Inc is a United States-based company, which designs wireless fidelity (Wi-Fi) chips used in set-top boxes (STBs) and wireless routers. The Company offers products, including QSR10G, QSR2000, QSR1000, QHS710 and MAUI. The QSR10G Wi-Fi chipset is the 10-giga bytes per second (Gbps) solution for access points and repeaters.
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