Quantenna Communications (QTNA) Downgraded by ValuEngine
ValuEngine cut shares of Quantenna Communications (NASDAQ:QTNA) from a hold rating to a sell rating in a report released on Wednesday.
QTNA has been the topic of several other reports. Zacks Investment Research downgraded Quantenna Communications from a hold rating to a sell rating in a report on Friday, November 10th. Roth Capital cut their target price on Quantenna Communications from $27.00 to $17.00 and set a buy rating on the stock in a report on Tuesday, November 7th. BidaskClub raised Quantenna Communications from a strong sell rating to a sell rating in a report on Saturday, January 6th. Needham & Company LLC reaffirmed a buy rating and set a $20.00 target price on shares of Quantenna Communications in a report on Tuesday, December 19th. Finally, Barclays downgraded Quantenna Communications to an equal weight rating in a report on Tuesday, November 7th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $19.60.
Shares of Quantenna Communications (QTNA) traded up $0.58 during mid-day trading on Wednesday, reaching $15.31. The company had a trading volume of 610,744 shares, compared to its average volume of 421,437. The company has a market cap of $539.23 and a price-to-earnings ratio of 11.60. Quantenna Communications has a twelve month low of $9.60 and a twelve month high of $25.45.
In other Quantenna Communications news, SVP David William Carroll sold 3,587 shares of Quantenna Communications stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $14.00, for a total transaction of $50,218.00. Following the transaction, the senior vice president now directly owns 42,988 shares of the company’s stock, valued at approximately $601,832. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 12,695 shares of company stock worth $177,796 over the last ninety days. Company insiders own 22.62% of the company’s stock.
Several large investors have recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new position in shares of Quantenna Communications in the 4th quarter valued at about $145,000. Jane Street Group LLC acquired a new position in shares of Quantenna Communications in the 4th quarter valued at about $213,000. Two Sigma Investments LP acquired a new position in shares of Quantenna Communications in the 4th quarter valued at about $1,050,000. Two Sigma Advisers LP acquired a new position in shares of Quantenna Communications in the 4th quarter valued at about $224,000. Finally, Ellington Management Group LLC acquired a new position in shares of Quantenna Communications in the 4th quarter valued at about $322,000. 49.08% of the stock is currently owned by institutional investors.
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Quantenna Communications Company Profile
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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