Netlist, Inc. (NASDAQ:NLST)‘s stock had its “buy” rating reiterated by B. Riley in a report issued on Sunday. They presently have a $2.46 price objective on the semiconductor company’s stock. B. Riley’s price target would indicate a potential upside of 276.67% from the stock’s previous close.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research cut shares of Netlist from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th. Roth Capital started coverage on shares of Netlist in a research report on Thursday, August 24th. They issued a “buy” rating and a $2.00 target price for the company. Finally, ValuEngine lowered shares of Netlist from a “sell” rating to a “strong sell” rating in a research report on Friday, September 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Netlist has an average rating of “Hold” and a consensus target price of $2.37.

Shares of Netlist (NLST) traded down 1.7008% on Friday, reaching $0.6531. 155,739 shares of the company’s stock traded hands. The company has a 50 day moving average of $0.90 and a 200-day moving average of $1.04. Netlist has a 52 week low of $0.55 and a 52 week high of $1.63. The stock’s market capitalization is $45.99 million.

Netlist (NASDAQ:NLST) last released its quarterly earnings data on Thursday, August 10th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.05) by $0.01. The company had revenue of $11.40 million for the quarter, compared to analyst estimates of $10.65 million. Equities research analysts forecast that Netlist will post ($0.16) earnings per share for the current year.

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In related news, CEO Chun K. Hong sold 24,732 shares of the stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $1.09, for a total value of $26,957.88. Following the completion of the transaction, the chief executive officer now owns 85,568 shares in the company, valued at approximately $93,269.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chun K. Hong sold 74,206 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $1.12, for a total transaction of $83,110.72. Following the completion of the transaction, the chief executive officer now owns 85,568 shares of the company’s stock, valued at approximately $95,836.16. The disclosure for this sale can be found here. Corporate insiders own 15.42% of the company’s stock.

Large investors have recently bought and sold shares of the company. Gierl Augustine Investment Management bought a new position in shares of Netlist during the 4th quarter valued at about $0. Symmetry Peak Management LLC bought a new position in shares of Netlist during the 3rd quarter valued at about $124,000. Mesirow Financial Investment Management Equity Management bought a new position in shares of Netlist during the 3rd quarter valued at about $188,000. Equitec Proprietary Markets LLC bought a new position in shares of Netlist during the 3rd quarter valued at about $216,000. Finally, Fortress Investment Group LLC bought a new position in shares of Netlist during the 2nd quarter valued at about $788,000. Institutional investors own 21.30% of the company’s stock.

Netlist Company Profile

Netlist, Inc designs, manufactures and sells a range of memory subsystems for datacenter, data storage and computing markets. The Company operates in the segment of design and manufacture of memory subsystems for the server, computing and communications markets. The Company’s memory subsystems consist of combinations of dynamic random access memory integrated circuits (DRAM ICs or DRAM), NAND flash memory (NAND flash), application-specific integrated circuits (ASICs) and other components assembled on printed circuit boards (PCBs).

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