.jpg "Adesto Technologies Corp (NASDAQ: IOTS)")
Needham analyst Rajvindra Gill maintained a Buy rating on Adesto Technologies Corp (IOTS) today and set a price target of $12. The company’s shares opened today at $5.11.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 11.0% and a 52.2% success rate. Gill covers the Consumer Goods sector, focusing on stocks such as Everspin Technologies Inc, Smart Global Holdings Inc, and Silicon Laboratories.
Adesto Technologies Corp has an analyst consensus of Strong Buy, with a price target consensus of $9.25.
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The company has a one-year high of $10.80 and a one-year low of $3.51. Currently, Adesto Technologies Corp has an average volume of 238.1K.
Based on the recent corporate insider activity of 54 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of IOTS in relation to earlier this year. Most recently, in December 2018, Ron Shelton, the CFO of IOTS bought 15,010 shares for a total of $24,767.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Adesto Technologies Corp. engages in the development, manufacture, and market of non-volatile memory products. It offers DataFlash, Fusion Serial Flash, Standard Serial Flash, EcoXiP, Mavriq and Moneta. The company was founded by Narbeh Derhacobian, Ishai Naveh, and Shane Hollmer in January 2006 and is headquartered in Santa Clara, CA.
