Zacks: ParkerVision, Inc. (PRKR) Receives Average Recommendation of “Strong Buy” from Brokerages
Shares of ParkerVision, Inc. (NASDAQ:PRKR) have been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Brokers have set a one year consensus target price of $12.00 for the company, according to Zacks. Zacks has also given ParkerVision an industry rank of 249 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of ParkerVision from a “sell” rating to a “hold” rating in a research note on Wednesday, October 18th.
ParkerVision (NASDAQ:PRKR) last announced its earnings results on Tuesday, November 14th. The semiconductor company reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.23) by ($0.01). equities research analysts expect that ParkerVision will post -0.94 earnings per share for the current year.
An institutional investor recently raised its position in ParkerVision stock. ING Groep NV increased its position in ParkerVision, Inc. (NASDAQ:PRKR) by 154.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,300 shares of the semiconductor company’s stock after purchasing an additional 39,000 shares during the period. ING Groep NV owned approximately 0.34% of ParkerVision worth $102,000 at the end of the most recent reporting period. 10.79% of the stock is currently owned by hedge funds and other institutional investors.
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ParkerVision Company Profile
ParkerVision, Inc is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices.
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