Adesto Technologies Corporation (IOTS) Given Daily Media Impact Rating of 0.24
News headlines about Adesto Technologies Corporation (NASDAQ:IOTS) have trended somewhat positive on Saturday, according to Accern. Accern scores the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Adesto Technologies Corporation earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media coverage about the technology company an impact score of 45.9400082322874 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Adesto Technologies Corporation (IOTS) opened at 7.00 on Friday. Adesto Technologies Corporation has a 52 week low of $1.50 and a 52 week high of $7.15. The stock’s market capitalization is $146.60 million. The company has a 50-day moving average price of $5.36 and a 200 day moving average price of $4.73.
Adesto Technologies Corporation (NASDAQ:IOTS) last announced its quarterly earnings data on Thursday, August 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. The business had revenue of $13.40 million for the quarter, compared to analysts’ expectations of $12.98 million. Adesto Technologies Corporation had a negative return on equity of 35.81% and a negative net margin of 21.41%. The company’s revenue for the quarter was up 30.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.21) earnings per share. Equities analysts forecast that Adesto Technologies Corporation will post ($0.13) EPS for the current fiscal year.
IOTS has been the topic of several research analyst reports. ValuEngine raised Adesto Technologies Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 23rd. Zacks Investment Research raised Adesto Technologies Corporation from a “hold” rating to a “buy” rating and set a $5.00 target price on the stock in a research note on Wednesday, July 5th. Needham & Company LLC boosted their target price on Adesto Technologies Corporation from $6.00 to $7.00 and gave the company a “strong-buy” rating in a research note on Friday, May 12th. Finally, Benchmark Co. boosted their target price on Adesto Technologies Corporation from $5.00 to $7.00 and gave the company a “buy” rating in a research note on Tuesday, July 4th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Adesto Technologies Corporation currently has a consensus rating of “Buy” and an average target price of $6.81.
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In other news, VP Ishai Naveh sold 21,706 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $6.32, for a total value of $137,181.92. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.10% of the stock is currently owned by company 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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