Trade Report: The William Blair Reaffirmed “Outperform” Rating for Quantenna Communications Inc (QTNA)

The William Blair Reaffirmed “Outperform” Rating for Quantenna Communications Inc (QTNA)

William Blair reiterated their outperform rating on shares of Quantenna Communications Inc (NASDAQ:QTNA) in a research report report published on Tuesday morning.

QTNA has been the subject of a number of other research reports. Deutsche Bank AG started coverage on shares of Quantenna Communications in a report on Tuesday, November 22nd. They set a buy rating and a $25.00 target price for the company. Needham & Company LLC initiated 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. Finally, Barclays PLC initiated 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. Six equities research analysts have rated the stock with a buy rating, Quantenna Communications has an average rating of Buy and a consensus target price of $24.40.

Quantenna Communications (NASDAQ:QTNA) opened at 20.01 on Tuesday. The company’s market capitalization is $655.95 billion. Quantenna Communications has a 12-month low of $13.75 and a 12-month high of $20.63. The firm’s 50-day moving average price is $17.24 and its 200 day moving average price is $17.24.

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

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