Trading Report: Today, Brokerages Set Quantenna Communications Inc (QTNA) Target Price at $24.40

Today, Brokerages Set Quantenna Communications Inc (QTNA) Target Price at $24.40

Shares of Quantenna Communications Inc (NASDAQ:QTNA) have earned an average rating of “Buy” from the six brokerages that are currently covering the firm. Six research analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have covered the stock in the last year is $24.40.

QTNA has been the subject of several recent analyst reports. Deutsche Bank AG initiated coverage on shares of Quantenna Communications in a research note on Tuesday. They issued a “buy” rating and a $25.00 price objective for the company. Barclays PLC started coverage on shares of Quantenna Communications in a research note on Tuesday. They issued an “overweight” rating and a $23.00 price objective for the company. William Blair started coverage on shares of Quantenna Communications in a report on Tuesday. They set an “outperform” rating for the company. Morgan Stanley started coverage on shares of Quantenna Communications in a report on Tuesday. They set an “overweight” rating and a $24.00 target price for the company. Finally, Needham & Company LLC started coverage on shares of Quantenna Communications in a report on Tuesday. They set a “buy” rating and a $25.00 target price for the company.

Quantenna Communications (NASDAQ:QTNA) opened at 19.99 on Tuesday. The firm’s market capitalization is $655.29 billion. Quantenna Communications has a one year low of $13.75 and a one year high of $20.63. The stock has a 50 day moving average of $17.05 and a 200 day moving average of $17.05.

In other news, Director Mark A. Stevens purchased 15,000 shares of the stock in a transaction dated Wednesday, November 2nd. The stock was acquired at an average cost of $16.00 per share, for a total transaction of $240,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Sean Sobers purchased 10,000 shares of the stock in a transaction dated 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 completion of the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $160,000. The disclosure for this purchase can be found here.

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