ParkerVision, Inc. (NASDAQ:PRKR) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a one year consensus target price of $10.50 for the company, according to Zacks. Zacks has also given ParkerVision an industry rank of 237 out of 255 based on the ratings given to related companies.

Separately, Zacks Investment Research raised shares of ParkerVision from a “sell” rating to a “hold” rating in a research report on Saturday, September 29th.

In related news, CEO Jeffrey Parker acquired 100,000 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were purchased at an average cost of $0.40 per share, with a total value of $40,000.00. Following the completion of the transaction, the chief executive officer now owns 338,825 shares of the company’s stock, valued at approximately $135,530. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 7.64% of the company’s stock.

An institutional investor recently raised its position in ParkerVision stock. Raymond James Financial Services Advisors Inc. boosted its stake in shares of ParkerVision, Inc. (NASDAQ:PRKR) by 614.3% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 195,801 shares of the semiconductor company’s stock after purchasing an additional 168,388 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.81% of ParkerVision worth $128,000 at the end of the most recent reporting period. 9.48% of the stock is currently owned by institutional investors and hedge funds.

Shares of ParkerVision stock traded down $0.03 during trading on Friday, hitting $0.45. The stock had a trading volume of 36,703 shares, compared to its average volume of 186,236. The company has a market cap of $9.57 million, a P/E ratio of -0.43 and a beta of 1.95. The company has a debt-to-equity ratio of -1.18, a current ratio of 0.54 and a quick ratio of 0.26. ParkerVision has a 1 year low of $0.21 and a 1 year high of $1.73.

ParkerVision (NASDAQ:PRKR) last released its earnings results on Tuesday, August 14th. The semiconductor company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.04. The firm had revenue of $0.04 million during the quarter. During the same quarter in the prior year, the business posted ($0.21) earnings per share. On average, analysts expect that ParkerVision will post 0.7 EPS for the current fiscal year.

ParkerVision Company Profile

ParkerVision, Inc designs, develops, and markets radio frequency (RF) technologies for use in wireless communication products in the United States. Its technologies apply to transmit and receive functions of transmitters, receivers, and transceivers, as well as other related RF communications functions.

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