BidaskClub Upgrades Quantenna Communications (QTNA) to Hold

Quantenna Communications (NASDAQ:QTNA) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued on Thursday.

A number of other equities research analysts have also issued reports on QTNA. Zacks Investment Research upgraded shares of Quantenna Communications from a “sell” rating to a “hold” rating in a research note on Wednesday, January 10th. ValuEngine lowered shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Roth Capital cut their target price on shares of Quantenna Communications from $27.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Quantenna Communications in a research note on Tuesday. Finally, Barclays lowered shares of Quantenna Communications to an “equal weight” rating in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Shares of Quantenna Communications (NASDAQ QTNA) opened at $14.10 on Thursday. The stock has a market cap of $496.26, a PE ratio of 704.50, a PEG ratio of 1.52 and a beta of 3.56. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.06 and a quick ratio of 3.51. Quantenna Communications has a 12 month low of $9.60 and a 12 month high of $25.45.

Quantenna Communications (NASDAQ:QTNA) last issued its earnings results on Monday, February 12th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. The business had revenue of $41.30 million for the quarter, compared to analyst estimates of $41.00 million. Quantenna Communications had a net margin of 19.51% and a return on equity of 1.03%. The company’s revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 EPS. sell-side analysts forecast that Quantenna Communications will post 0.37 earnings per share for the current year.

In related news, SVP Lionel Bonnot sold 5,500 shares of the stock in a transaction dated 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 SEC, which is available at the SEC website. Also, SVP David William Carroll sold 3,868 shares of the stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $14.01, for a total transaction of $54,190.68. Following the sale, the senior vice president now owns 42,988 shares in the company, valued at approximately $602,261.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 18,455 shares of company stock worth $240,754. 22.62% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in QTNA. Landscape Capital Management L.L.C. acquired a new stake in Quantenna Communications during the fourth quarter worth about $129,000. Stone Ridge Asset Management LLC acquired a new stake in Quantenna Communications during the fourth quarter worth about $138,000. MetLife Investment Advisors LLC acquired a new stake in Quantenna Communications during the fourth quarter worth about $145,000. Eqis Capital Management Inc. acquired a new stake in Quantenna Communications during the fourth quarter worth about $163,000. Finally, FNY Partners Fund LP acquired a new stake in Quantenna Communications during the fourth quarter worth about $195,000. Hedge funds and other institutional investors own 38.58% of the company’s stock.

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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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