Zacks Investment Research lowered shares of QUANTENNA COMMS (NASDAQ:QTNA) from a hold rating to a sell rating in a report issued on Friday morning.

According to Zacks, “Quantenna Communications, Inc. designs, develops and markets wireless communication solutions. The Company offers wireless solutions for wi-fi routers and consumer electronics, an integrated single chip solution for video stream and multiple input and output chipsets. Quantenna Communications, Inc. is based in Fremont, United States. “

A number of other equities analysts have also commented on the stock. Barclays PLC reissued an overweight rating on shares of QUANTENNA COMMS in a report on Friday, July 21st. Needham & Company LLC reduced their target price on shares of QUANTENNA COMMS from $26.00 to $20.00 and set a strong-buy rating on the stock in a report on Tuesday, November 7th. ValuEngine lowered shares of QUANTENNA COMMS from a hold rating to a sell rating in a report on Tuesday, November 7th. Finally, Roth Capital reduced their target price on shares of QUANTENNA COMMS from $27.00 to $17.00 and set a buy rating on the stock in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average price target of $21.50.

Shares of QUANTENNA COMMS (NASDAQ QTNA) traded up $0.15 during trading hours on Friday, hitting $12.02. 698,300 shares of the stock were exchanged, compared to its average volume of 583,467. The company has a market cap of $423.36 and a price-to-earnings ratio of 120.20. QUANTENNA COMMS has a 1 year low of $9.60 and a 1 year high of $25.45. The company has a quick ratio of 3.51, a current ratio of 4.06 and a debt-to-equity ratio of 0.01.

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In related news, Chairman Sam Heidari sold 5,600 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $18.50, for a total transaction of $103,600.00. Following the transaction, the chairman now owns 74,300 shares of the company’s stock, valued at approximately $1,374,550. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Lionel Bonnot sold 8,700 shares of the stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $18.76, for a total transaction of $163,212.00. Following the transaction, the senior vice president now directly owns 19,468 shares in the company, valued at approximately $365,219.68. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 129,933 shares of company stock worth $2,190,542. 22.62% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp grew its holdings in QUANTENNA COMMS by 3.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 60,662 shares of the technology company’s stock worth $1,153,000 after acquiring an additional 2,035 shares during the last quarter. Creative Planning bought a new stake in QUANTENNA COMMS in the 2nd quarter worth $102,000. Pier Capital LLC grew its holdings in QUANTENNA COMMS by 2.8% in the 2nd quarter. Pier Capital LLC now owns 216,656 shares of the technology company’s stock worth $4,116,000 after acquiring an additional 5,968 shares during the last quarter. Citadel Advisors LLC grew its holdings in QUANTENNA COMMS by 28.9% in the 3rd quarter. Citadel Advisors LLC now owns 42,746 shares of the technology company’s stock worth $719,000 after acquiring an additional 9,589 shares during the last quarter. Finally, Nationwide Fund Advisors grew its holdings in QUANTENNA COMMS by 537.5% in the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock worth $227,000 after acquiring an additional 10,095 shares during the last quarter. 37.31% of the stock is currently owned by institutional investors and hedge funds.

About QUANTENNA COMMS

Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.

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