A number of research firms have changed their ratings and price targets for Quantenna Communications (NASDAQ: QTNA):

  • 11/22/2016 – Quantenna Communications is now covered by analysts at Deutsche Bank AG. They set a “buy” rating and a $25.00 price target on the stock.
  • 11/22/2016 – Quantenna Communications is now covered by analysts at Barclays PLC. They set an “overweight” rating and a $23.00 price target on the stock.
  • 11/22/2016 – Quantenna Communications is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $25.00 price target on the stock. They wrote, “We are initiating coverage of Quantenna with a Buy rating and are establishing a 12-month PT of $25 based on an EV of 3.8x 2018 sales. As the Wi-Fi chipset performance leader, we believe QTNA is uniquely positioned to benefit from consumer demand for higher-bandwidth, more reliable Wi-Fi service. QTNA has leveraged its market-leading performance to target sticky segments of the Wi-Fi market including service providers and high-end retail APs and has developed deep relationships with industry leaders.””
  • 11/22/2016 – Quantenna Communications had its “outperform” rating reaffirmed by analysts at William Blair.
  • 11/22/2016 – Quantenna Communications is now covered by analysts at Morgan Stanley. They set an “overweight” rating and a $24.00 price target on the stock.
  • 11/22/2016 – Quantenna Communications is now covered by analysts at Roth Capital. They set a “buy” rating and a $25.00 price target on the stock.

Quantenna Communications Inc (NASDAQ:QTNA) traded down 0.20% on Tuesday, hitting $19.85. 175,892 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $17.39 and its 200-day moving average price is $17.39. Quantenna Communications Inc has a 12-month low of $13.75 and a 12-month high of $20.68. The company’s market cap is $25.61 million.

In other news, Director Mark A. Stevens purchased 15,000 shares of the stock in a transaction on Wednesday, November 2nd. The stock was bought at an average price of $16.00 per share, for a total transaction of $240,000.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Sean Sobers purchased 10,000 shares of the stock in a transaction on Wednesday, November 2nd. The shares were purchased at an average price of $16.00 per share, with a total value of $160,000.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares in the company, valued at $160,000. The disclosure for this purchase can be found here.

Quantenna Communications Inc is a United States-based company, which designs wireless fidelity (Wi-Fi) chips used in set-top boxes (STBs) and wireless routers. The Company offers products, including QSR10G, QSR2000, QSR1000, QHS710 and MAUI. The QSR10G Wi-Fi chipset is the 10-giga bytes per second (Gbps) solution for access points and repeaters.

5 Day Chart for NASDAQ:QTNA

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