Quantenna Communications Inc (NASDAQ:QTNA) has earned a consensus rating of “Buy” from the six brokerages that are presently covering the firm. Six research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $24.40.

Several research analysts have recently weighed in on QTNA shares. William Blair restated an “outperform” rating on shares of Quantenna Communications in a report on Tuesday, November 22nd. Deutsche Bank AG started coverage on Quantenna Communications in a report on Tuesday, November 22nd. They issued a “buy” rating and a $25.00 price objective on the stock. Morgan Stanley started coverage on Quantenna Communications in a report on Tuesday, November 22nd. They issued an “overweight” rating and a $24.00 price objective on the stock. Needham & Company LLC started coverage on Quantenna Communications in a report on Tuesday, November 22nd. They issued a “buy” rating and a $25.00 price objective on the stock. Finally, Roth Capital started coverage on Quantenna Communications in a report on Tuesday, November 22nd. They issued a “buy” rating and a $25.00 price objective on the stock.

In other news, CFO Sean Sobers purchased 10,000 shares of the firm’s stock in a transaction on Wednesday, November 2nd. The shares were bought at an average cost of $16.00 per share, for a total transaction of $160,000.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at $160,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 price of $16.00 per share, for a total transaction of $240,000.00. The disclosure for this purchase can be found here.

Quantenna Communications (NASDAQ:QTNA) opened at 20.01 on Tuesday. The stock’s market capitalization is $655.95 billion. Quantenna Communications has a one year low of $13.75 and a one year high of $20.63. The stock has a 50 day moving average price of $17.24 and a 200-day moving average price of $17.24.

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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.

5 Day Chart for NASDAQ:QTNA

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