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

QTNA has been the subject of a number of other reports. Zacks Investment Research upgraded Quantenna Communications from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. Roth Capital lowered their target price on Quantenna Communications from $27.00 to $17.00 and set a “buy” rating for the company in a report on Tuesday, November 7th. Needham & Company LLC decreased their price objective on Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating for the company in a research note on Tuesday, November 7th. ValuEngine cut Quantenna Communications from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Barclays cut Quantenna Communications to an “equal weight” rating in a research note on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Quantenna Communications currently has a consensus rating of “Hold” and an average target price of $20.00.

Quantenna Communications (NASDAQ QTNA) opened at $14.14 on Thursday. Quantenna Communications has a twelve month low of $9.60 and a twelve month high of $25.45. The company has a market capitalization of $457.52, a PE ratio of 16.07, a P/E/G ratio of 1.27 and a beta of 3.56. The company has a current ratio of 4.06, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01.

Quantenna Communications (NASDAQ:QTNA) last announced its earnings results on Monday, February 12th. The technology company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.11. Quantenna Communications had a return on equity of 1.03% and a net margin of 19.51%. The company had revenue of $41.30 million during the quarter, compared to analysts’ expectations of $41.00 million. During the same period last year, the business posted $0.03 EPS. Quantenna Communications’s revenue for the quarter was up 10.1% on a year-over-year basis. equities analysts anticipate that Quantenna Communications will post 0.41 earnings per share for the current fiscal year.

In other news, SVP David William Carroll sold 3,868 shares of Quantenna Communications stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $14.01, for a total value of $54,190.68. Following the completion of the transaction, the senior vice president now owns 42,988 shares in the company, valued at approximately $602,261.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Lionel Bonnot sold 5,500 shares of Quantenna Communications stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $12.35, for a total value of $67,925.00. The disclosure for this sale can be found here. Insiders sold a total of 18,455 shares of company stock valued at $240,754 in the last quarter. Company insiders own 22.62% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Landscape Capital Management L.L.C. purchased a new position in shares of Quantenna Communications in the 4th quarter valued at about $129,000. Stone Ridge Asset Management LLC purchased a new stake in Quantenna Communications during the fourth quarter worth approximately $138,000. Nationwide Fund Advisors lifted its stake in Quantenna Communications by 537.5% during the second quarter. Nationwide Fund Advisors now owns 11,973 shares of the technology company’s stock worth $227,000 after purchasing an additional 10,095 shares during the last quarter. Eqis Capital Management Inc. purchased a new stake in Quantenna Communications during the fourth quarter worth approximately $163,000. Finally, Trexquant Investment LP purchased a new stake in Quantenna Communications during the third quarter worth approximately $227,000. Institutional investors and hedge funds 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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