Adesto Technologies (NASDAQ:IOTS) released its earnings results on Tuesday. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01, Bloomberg Earnings reports. Adesto Technologies had a negative net margin of 13.86% and a negative return on equity of 16.47%.

Shares of Adesto Technologies (NASDAQ:IOTS) traded up $0.05 on Tuesday, reaching $6.65. 96,846 shares of the company were exchanged, compared to its average volume of 121,572. Adesto Technologies has a 52-week low of $3.36 and a 52-week high of $9.20. The stock has a market capitalization of $136.35, a P/E ratio of -14.67, a PEG ratio of 2.87 and a beta of 1.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.41 and a quick ratio of 3.98.

Several research firms have recently weighed in on IOTS. Zacks Investment Research downgraded shares of Adesto Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Needham & Company LLC reissued a “buy” rating and issued a $10.00 target price on shares of Adesto Technologies in a research report on Thursday, November 9th.

In related news, insider Gideon D. Intrater sold 3,572 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $8.09, for a total transaction of $28,897.48. Following the transaction, the insider now directly owns 75,708 shares of the company’s stock, valued at $612,477.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Ishai Naveh sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $8.45, for a total transaction of $84,500.00. The disclosure for this sale can be found here. Insiders have sold 52,094 shares of company stock worth $422,020 over the last ninety days. 22.10% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Adesto Technologies stock. Vanguard Group Inc. boosted its stake in shares of Adesto Technologies Corp (NASDAQ:IOTS) by 5.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 126,943 shares of the technology company’s stock after purchasing an additional 6,786 shares during the period. Vanguard Group Inc. owned about 0.80% of Adesto Technologies worth $578,000 at the end of the most recent reporting period. 39.90% of the stock is currently owned by institutional investors and hedge funds.

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About Adesto Technologies

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.

Earnings History for Adesto Technologies (NASDAQ:IOTS)

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