Adesto Technologies (IOTS) Posts Earnings Results

Adesto Technologies (NASDAQ:IOTS) released its quarterly earnings results on Tuesday. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01, Bloomberg Earnings reports. Adesto Technologies had a negative net margin of 13.86% and a negative return on equity of 16.47%.

Shares of Adesto Technologies (IOTS) traded up $0.05 on Tuesday, hitting $6.65. 96,846 shares of the stock traded hands, compared to its average volume of 121,572. The firm has a market cap of $136.35, a PE ratio of -14.67, a P/E/G ratio of 2.87 and a beta of 1.86. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.41 and a quick ratio of 3.98. Adesto Technologies has a 12 month low of $3.36 and a 12 month high of $9.20.

In other news, VP Ishai Naveh sold 10,000 shares of Adesto Technologies stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $7.83, for a total value of $78,300.00. Following the transaction, the vice president now owns 156,806 shares of the company’s stock, valued at approximately $1,227,790.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Gideon D. Intrater sold 3,572 shares of Adesto Technologies stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $8.09, for a total transaction of $28,897.48. Following the completion of the transaction, the insider now directly owns 75,708 shares in the company, valued at approximately $612,477.72. The disclosure for this sale can be found here. Insiders sold a total of 52,094 shares of company stock worth $422,020 in the last ninety days. Corporate insiders own 22.10% of the company’s stock.

An institutional investor recently raised its position in Adesto Technologies stock. Vanguard Group Inc. lifted its holdings in Adesto Technologies Corp (NASDAQ:IOTS) by 5.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,943 shares of the technology company’s stock after purchasing an additional 6,786 shares during the period. Vanguard Group Inc. owned about 0.80% of Adesto Technologies worth $578,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 39.90% of the company’s stock.

A number of research firms have commented on IOTS. Needham & Company LLC restated a “buy” rating and set a $10.00 price target on shares of Adesto Technologies in a research report on Wednesday, January 17th. Zacks Investment Research cut shares of Adesto Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th.

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Adesto Technologies Company Profile

Adesto Technologies Corporation is a provider of application-specific and ultra-low power non-volatile memory products. The Company optimizes its non-volatile memory products for Internet of Things (IoT), applications, including current and next-generation Internet-connected devices in the consumer, industrial, medical and wearables markets.

Earnings History for Adesto Technologies (NASDAQ:IOTS)

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