Trade Report: The Quantenna Communications Inc (QTNA) Receives New Coverage from Analysts at Roth Capital

The Quantenna Communications Inc (QTNA) Receives New Coverage from Analysts at Roth Capital

Roth Capital started coverage on shares of Quantenna Communications Inc (NASDAQ:QTNA) in a research note released on Tuesday morning. The firm issued a buy rating and a $25.00 price objective on the stock.

Several other research analysts have also commented on the stock. Morgan Stanley assumed coverage on shares of Quantenna Communications in a report on Tuesday, November 22nd. They issued an overweight rating and a $24.00 price target for the company. William Blair reaffirmed an outperform rating on shares of Quantenna Communications in a report on Tuesday, November 22nd. Needham & Company LLC assumed coverage on shares of Quantenna Communications in a report on Tuesday, November 22nd. They issued a buy rating and a $25.00 price target for the company. Barclays PLC assumed coverage on shares of Quantenna Communications in a report on Tuesday, November 22nd. They issued an overweight rating and a $23.00 price target for the company. Finally, Deutsche Bank AG started coverage on shares of Quantenna Communications in a report on Tuesday, November 22nd. They issued a buy rating and a $25.00 price target for the company. Six analysts have rated the stock with a buy rating, The stock has a consensus rating of Buy and an average price target of $24.40.

Shares of Quantenna Communications (NASDAQ:QTNA) opened at 20.01 on Tuesday. The firm’s market capitalization is $655.95 billion. The stock has a 50 day moving average of $17.24 and a 200 day moving average of $17.24. Quantenna Communications has a 52-week low of $13.75 and a 52-week high of $20.63.

In related news, Director Mark A. Stevens purchased 15,000 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares were bought 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 SEC, which is available at this link. Also, CFO Sean Sobers purchased 10,000 shares of the company’s stock in a transaction on Wednesday, November 2nd. The shares were bought at an average price of $16.00 per share, for a total transaction of $160,000.00. Following the completion of the transaction, the chief financial officer now directly owns 10,000 shares in the company, valued at approximately $160,000. The disclosure for this purchase can be found here.

Quantenna Communications Company Profile

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