Quantenna Communications (QTNA) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Quantenna Communications (NASDAQ:QTNA) from a strong sell rating to a sell rating in a research note published on Saturday.

A number of other brokerages have also issued reports on QTNA. Needham & Company LLC dropped their price objective on shares of Quantenna Communications from $26.00 to $20.00 and set a strong-buy rating for the company in a report on Tuesday, November 7th. ValuEngine lowered shares of Quantenna Communications from a hold rating to a sell rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of Quantenna Communications from a hold rating to a sell rating in a report on Friday, November 10th. Roth Capital lowered their price target on shares of Quantenna Communications from $27.00 to $17.00 and set a buy rating for the company in a report on Tuesday, November 7th. Finally, Barclays lowered shares of Quantenna Communications to an equal weight rating in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $20.00.

Shares of Quantenna Communications (NASDAQ QTNA) traded up $0.60 during midday trading on Friday, reaching $13.25. 650,600 shares of the company were exchanged, compared to its average volume of 441,565. The company has a market cap of $458.85 and a price-to-earnings ratio of 265.00. Quantenna Communications has a 1-year low of $9.60 and a 1-year high of $25.45. The company has a current ratio of 4.06, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01.

In other Quantenna Communications news, SVP Lionel Bonnot sold 5,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $12.35, for a total transaction of $67,925.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP David William Carroll sold 7,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was sold at an average price of $16.96, for a total transaction of $118,720.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 69,399 shares of company stock valued at $1,005,255. Company insiders own 22.62% of the company’s stock.

Several hedge funds have recently made changes to their positions in QTNA. Nationwide Fund Advisors grew its position in shares of Quantenna Communications by 537.5% during the 2nd quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock worth $227,000 after buying an additional 10,095 shares during the period. Trexquant Investment LP acquired a new stake in Quantenna Communications in the 3rd quarter valued at $227,000. Swiss National Bank acquired a new stake in Quantenna Communications in the 2nd quarter valued at $262,000. Brown Advisory Inc. acquired a new stake in Quantenna Communications in the 3rd quarter valued at $333,000. Finally, The Manufacturers Life Insurance Company grew its position in Quantenna Communications by 326.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 17,784 shares of the technology company’s stock valued at $337,000 after purchasing an additional 13,612 shares during the period. 37.84% of the stock is owned by institutional investors.

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About Quantenna Communications

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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