Morgan Stanley analyst Joseph Moore downgraded Quantenna Communications (QTNA) to Hold today and set a price target of $24.50. The company’s shares closed yesterday at $20.50, close to its 52-week high of $21.65.
According to TipRanks.com, Moore is a 5-star analyst with an average return of 11.1% and a 57.2% success rate. Moore covers the Consumer Goods sector, focusing on stocks such as Texas Instruments, Western Digital, and Lam Research.
The word on The Street in general, suggests a Hold analyst consensus rating for Quantenna Communications with a $24.50 average price target, a 19.5% upside from current levels. In a report released today, Barclays also upgraded the stock to Hold with a $24 price target.
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The company has a one-year high of $21.65 and a one-year low of $12.48. Currently, Quantenna Communications has an average volume of 579K.
Based on the recent corporate insider activity of 63 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 QTNA in relation to earlier this year.
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Quantenna Communications, Inc. designs, develops, and markets wireless communication solutions enabling wireless local area networking. It serves the retail, home networking, carrier and consumer electronics industries. The company was founded by Farrokh Farrokhi, Andrea Goldsmith and Behrooz Rezvani on November 28, 2005 and is headquartered in Fremont, CA.
