Adesto Technologies Corp. (NASDAQ:IOTS) insider Narbeh Derhacobian acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were bought at an average cost of $1.76 per share, for a total transaction of $17,600.00. Following the acquisition, the insider now owns 436,861 shares of the company’s stock, valued at approximately $768,875.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Narbeh Derhacobian also recently made the following trade(s):

  • On Thursday, November 10th, Narbeh Derhacobian acquired 7,200 shares of Adesto Technologies Corp. stock. The shares were bought at an average cost of $2.05 per share, for a total transaction of $14,760.00.
  • On Tuesday, November 8th, Narbeh Derhacobian acquired 17,800 shares of Adesto Technologies Corp. stock. The shares were bought at an average cost of $1.91 per share, for a total transaction of $33,998.00.

Adesto Technologies Corp. (NASDAQ:IOTS) opened at 1.75 on Friday. The stock has a 50 day moving average of $2.09 and a 200-day moving average of $2.84. The firm’s market cap is $27.11 million. Adesto Technologies Corp. has a 52-week low of $1.50 and a 52-week high of $8.50.

Adesto Technologies Corp. (NASDAQ:IOTS) last released its quarterly earnings data on Thursday, October 27th. The company reported ($0.19) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.01. Adesto Technologies Corp. had a negative return on equity of 53.89% and a negative net margin of 30.26%. The firm earned $11.20 million during the quarter, compared to analyst estimates of $11.03 million. The firm’s revenue was up .9% on a year-over-year basis. On average, analysts expect that Adesto Technologies Corp. will post ($0.68) EPS for the current year.

An institutional investor recently raised its position in Adesto Technologies Corp. stock. Vanguard Group Inc. boosted its position in Adesto Technologies Corp. (NASDAQ:IOTS) by 135.9% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 64,178 shares of the company’s stock after buying an additional 36,975 shares during the period. Vanguard Group Inc. owned 0.43% of Adesto Technologies Corp. worth $210,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 24.62% of the company’s stock.

IOTS has been the topic of several recent research reports. Zacks Investment Research downgraded shares of Adesto Technologies Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, September 28th. Roth Capital initiated coverage on shares of Adesto Technologies Corp. in a report on Thursday, September 1st. They issued a “buy” rating and a $4.00 price target on the stock. Finally, Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $4.00 price target (down previously from $6.00) on shares of Adesto Technologies Corp. in a report on Tuesday, August 9th. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $6.25.

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Adesto Technologies Corp. Company Profile

Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets.

5 Day Chart for NASDAQ:IOTS

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