Stock analysts at Deutsche Bank AG began coverage on shares of Quantenna Communications Inc (NASDAQ:QTNA) in a note issued to investors on Tuesday. The brokerage set a “buy” rating and a $25.00 price target on the stock. Deutsche Bank AG’s target price would suggest a potential upside of 25.06% from the company’s current price.

Analyst Recommendations for Quantenna Communications (NASDAQ:QTNA)

Quantenna Communications (NASDAQ:QTNA) opened at 19.99 on Tuesday. The stock’s market cap is $655.29 billion. The firm’s 50-day moving average price is $17.05 and its 200 day moving average price is $17.05. Quantenna Communications has a 12-month low of $13.75 and a 12-month high of $20.63.

In related news, CFO Sean Sobers acquired 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was acquired at an average price of $16.00 per share, with a total value of $160,000.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $160,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark A. Stevens acquired 15,000 shares of the firm’s stock in a transaction dated Wednesday, November 2nd. The stock was bought at an average cost of $16.00 per share, with a total value of $240,000.00. The disclosure for this purchase can be found here.

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About Quantenna Communications

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.

5 Day Chart for NASDAQ:QTNA

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