Zacks: ParkerVision, Inc. (PRKR) Receives Average Rating of “Strong Buy” from Analysts
Shares of ParkerVision, Inc. (NASDAQ:PRKR) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price objective of $12.00 for the company, according to Zacks. Zacks has also given ParkerVision an industry rank of 197 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research raised ParkerVision from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th.
ParkerVision (NASDAQ:PRKR) last posted its quarterly earnings results on Tuesday, November 14th. The semiconductor company reported ($0.24) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.01). research analysts forecast that ParkerVision will post -0.94 EPS for the current year.
An institutional investor recently raised its position in ParkerVision stock. ING Groep NV boosted its holdings in shares of ParkerVision, Inc. (NASDAQ:PRKR) by 154.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 64,300 shares of the semiconductor company’s stock after acquiring an additional 39,000 shares during the quarter. ING Groep NV owned about 0.34% of ParkerVision worth $102,000 at the end of the most recent quarter. 10.79% of the stock is owned by institutional investors.
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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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