Analysts at Morgan Stanley assumed coverage on shares of Quantenna Communications Inc (NASDAQ:QTNA) in a research report issued on Tuesday. The brokerage set an “overweight” rating and a $24.00 price target on the stock. Morgan Stanley’s target price indicates a potential upside of 20.06% from the stock’s current price.

A number of other analysts have also recently weighed in on the company. William Blair began coverage on Quantenna Communications in a research report on Tuesday. They set an “outperform” rating on the stock. Needham & Company LLC began coverage on Quantenna Communications in a research report on Tuesday. They set a “buy” rating and a $25.00 price target on the stock. Barclays PLC began coverage on Quantenna Communications in a research report on Tuesday. They set an “overweight” rating and a $23.00 price target on the stock. Finally, Deutsche Bank AG began coverage on Quantenna Communications in a research report on Tuesday. They set a “buy” rating and a $25.00 price target on the stock. Six analysts have rated the stock with a buy rating, Quantenna Communications has a consensus rating of “Buy” and a consensus price target of $24.40.

Analyst Recommendations for Quantenna Communications (NASDAQ:QTNA)

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

In other news, CFO Sean Sobers purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The stock was purchased at an average cost of $16.00 per share, with a total value of $160,000.00. Following the purchase, the chief financial officer now owns 10,000 shares in the company, valued at approximately $160,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark A. Stevens purchased 15,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were purchased 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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