Quantenna Communications Inc (NASDAQ:QTNA) has been given an average recommendation of “Hold” by the six ratings firms that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $18.50.

A number of analysts recently commented on QTNA shares. Roth Capital lowered their price objective on shares of Quantenna Communications from $27.00 to $17.00 and set a “buy” rating for the company in a research report on Tuesday, November 7th. Needham & Company LLC lowered their price objective on shares of Quantenna Communications from $26.00 to $20.00 and set a “strong-buy” rating for the company in a research report on Tuesday, November 7th. ValuEngine cut shares of Quantenna Communications from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th. Barclays cut shares of Quantenna Communications to an “equal weight” rating in a research report on Tuesday, November 7th. Finally, Zacks Investment Research cut Quantenna Communications from a “hold” rating to a “sell” rating in a report on Friday, November 10th.

In related news, Chairman Sam Heidari sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $15.15, for a total value of $30,300.00. Following the completion of the sale, the chairman now directly owns 70,700 shares in the company, valued at approximately $1,071,105. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Lionel Bonnot sold 8,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $17.61, for a total transaction of $149,685.00. Following the sale, the senior vice president now owns 25,684 shares of the company’s stock, valued at $452,295.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 105,699 shares of company stock valued at $1,627,054. Company insiders own 22.62% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Creative Planning acquired a new stake in Quantenna Communications during the second quarter worth approximately $102,000. Nationwide Fund Advisors increased its holdings in shares of 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 period. Trexquant Investment LP bought a new position in shares of Quantenna Communications during the third quarter worth approximately $227,000. Swiss National Bank bought a new position in shares of Quantenna Communications during the second quarter worth approximately $262,000. Finally, Brown Advisory Inc. bought a new position in shares of Quantenna Communications during the third quarter worth approximately $333,000. Hedge funds and other institutional investors own 37.84% of the company’s stock.

Quantenna Communications (NASDAQ QTNA) traded down $0.06 during mid-day trading on Thursday, hitting $11.76. The stock had a trading volume of 311,443 shares, compared to its average volume of 340,484. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.06. The firm has a market cap of $416.66, a P/E ratio of 118.30 and a beta of 3.75. Quantenna Communications has a one year low of $9.60 and a one year high of $25.45.

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Quantenna Communications Company Profile

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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