News articles about Adesto Technologies Corporation (NASDAQ:IOTS) have trended positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Adesto Technologies Corporation earned a daily sentiment score of 0.26 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 46.6091192209694 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of research analysts have recently commented on IOTS shares. Zacks Investment Research raised Adesto Technologies Corporation from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a report on Wednesday. Needham & Company LLC reaffirmed a “buy” rating and set a $10.00 target price on shares of Adesto Technologies Corporation in a report on Thursday, November 9th.
Adesto Technologies Corporation (NASDAQ:IOTS) remained flat at $$7.70 during trading hours on Friday. The stock had a trading volume of 59,887 shares, compared to its average volume of 179,982. Adesto Technologies Corporation has a 52-week low of $1.55 and a 52-week high of $9.20. The company has a current ratio of 4.41, a quick ratio of 3.98 and a debt-to-equity ratio of 0.41.
In related news, VP Thomas D. Spade sold 10,000 shares of Adesto Technologies Corporation stock in a transaction dated Monday, November 13th. The stock was sold at an average price of $8.33, for a total transaction of $83,300.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Raphael Mehrbians sold 7,109 shares of Adesto Technologies Corporation stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $7.83, for a total value of $55,663.47. Following the transaction, the vice president now directly owns 13,850 shares in the company, valued at $108,445.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 21,021 shares of company stock worth $169,086. 22.10% of the stock is owned by corporate insiders.
About Adesto Technologies Corporation
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.
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