ParkerVision Inc. (PRKR) Receives Average Recommendation of “Strong Buy” from Analysts
Shares of ParkerVision Inc. (NASDAQ:PRKR) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Analysts have set a one year consensus target price of $18.50 for the company, according to Zacks. Zacks has also assigned ParkerVision an industry rank of 200 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of ParkerVision from a “hold” rating to a “sell” rating in a research report on Thursday, August 25th.
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An institutional investor recently raised its position in ParkerVision stock. Vanguard Group Inc. raised its position in shares of ParkerVision Inc. (NASDAQ:PRKR) by 1.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 260,560 shares of the company’s stock after buying an additional 3,900 shares during the period. Vanguard Group Inc. owned 2.23% of ParkerVision worth $818,000 as of its most recent SEC filing. Institutional investors and hedge funds own 20.93% of the company’s stock.
Shares of ParkerVision (NASDAQ:PRKR) traded down 0.265% during midday trading on Tuesday, reaching $4.139. 6,166 shares of the company’s stock were exchanged. ParkerVision has a one year low of $1.50 and a one year high of $8.18. The firm’s market cap is $53.03 million. The stock’s 50-day moving average is $4.51 and its 200 day moving average is $4.03.
ParkerVision (NASDAQ:PRKR) last issued its earnings results on Monday, August 15th. The company reported ($0.72) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.45) by $0.27. ParkerVision had a negative return on equity of 763.33% and a negative net margin of 26,974.32%. During the same quarter in the previous year, the business earned ($0.50) EPS. Analysts anticipate that ParkerVision will post ($1.55) EPS for the current year.
ParkerVision Company Profile
ParkerVision, Inc is engaged in the designing, developing and marketing of its radio frequency (RF) technologies and products. The Company’s business is focused on the development and marketing of its RF technologies for mobile and other wireless applications. Its products include a modulator/demodulator component that incorporates its technologies, as well as a small number of supporting components that are used in the assembly of wireless devices.
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