Adesto Technologies Corp. (NASDAQ:IOTS) has been given a consensus rating of “Buy” by the six research firms that are covering the company. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $5.67.
Several equities analysts have recently weighed in on IOTS shares. Zacks Investment Research lowered Adesto Technologies Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 30th. Benchmark Co. reaffirmed a “buy” rating on shares of Adesto Technologies Corp. in a research note on Tuesday, December 6th. Finally, Roth Capital assumed coverage on Adesto Technologies Corp. in a research note on Thursday, September 1st. They issued a “buy” rating and a $4.00 price objective on the stock.
Adesto Technologies Corp. (NASDAQ:IOTS) opened at 1.90 on Tuesday. The company has a 50-day moving average price of $1.85 and a 200-day moving average price of $2.65. Adesto Technologies Corp. has a one year low of $1.50 and a one year high of $8.10. The firm’s market capitalization is $29.43 million.
Adesto Technologies Corp. (NASDAQ:IOTS) last released its quarterly earnings data on Thursday, October 27th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.18) by $0.01. The firm earned $11.20 million during the quarter, compared to analyst estimates of $11.03 million. Adesto Technologies Corp. had a negative net margin of 30.26% and a negative return on equity of 53.89%. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, equities research analysts anticipate that Adesto Technologies Corp. will post ($0.68) EPS for the current year.
In other Adesto Technologies Corp. news, insider Narbeh Derhacobian acquired 17,800 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were bought at an average cost of $1.91 per share, for a total transaction of $33,998.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Ron Shelton acquired 15,000 shares of the company’s stock in a transaction on Tuesday, November 8th. The shares were acquired at an average price of $1.90 per share, for a total transaction of $28,500.00. The disclosure for this purchase can be found here. Corporate insiders own 19.50% of the company’s stock.
A hedge fund recently raised its stake in Adesto Technologies Corp. stock. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Adesto Technologies Corp. (NASDAQ:IOTS) by 40.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,739,084 shares of the company’s stock after buying an additional 497,912 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 11.61% of Adesto Technologies Corp. worth $5,704,000 as of its most recent filing with the SEC. 22.51% of the stock is owned by institutional investors and hedge funds.
Adesto Technologies Corp. 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.
Receive News & Ratings for Adesto Technologies Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Adesto Technologies Corp. and related companies with our FREE daily email newsletter.
