ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $12.00.

Several equities research analysts have recently commented on the stock. Rosenblatt Securities dropped their target price on shares of ADTRAN from $15.00 to $11.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Wolfe Research started coverage on shares of ADTRAN in a research note on Monday. They issued a "peer perform" rating for the company. Needham & Company LLC decreased their price target on shares of ADTRAN from $14.00 to $12.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Finally, Wall Street Zen upgraded shares of ADTRAN from a "hold" rating to a "buy" rating in a research note on Saturday, June 21st.

ADTRAN Trading Down 2.6%

Shares of NASDAQ:ADTN traded down $0.25 during trading on Monday, reaching $9.41. 288,728 shares of the company traded hands, compared to its average volume of 845,025. The firm has a market capitalization of $752.67 million, a price-to-earnings ratio of -5.54 and a beta of 1.32. ADTRAN has a 52-week low of $4.62 and a 52-week high of $12.44. The company has a current ratio of 2.02, a quick ratio of 1.18 and a debt-to-equity ratio of 1.37. The business's fifty day moving average is $8.22 and its 200-day moving average is $8.97.

ADTRAN (NASDAQ:ADTN - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The communications equipment provider reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.02) by $0.05. ADTRAN had a negative return on equity of 20.07% and a negative net margin of 14.58%. The business's revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. As a group, analysts forecast that ADTRAN will post -0.5 EPS for the current year.

Institutional Trading of ADTRAN

Large investors have recently made changes to their positions in the stock. William Blair Investment Management LLC grew its stake in shares of ADTRAN by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 4,647,155 shares of the communications equipment provider's stock worth $38,711,000 after acquiring an additional 114,986 shares during the period. GAMMA Investing LLC boosted its holdings in shares of ADTRAN by 762.1% in the first quarter. GAMMA Investing LLC now owns 27,355 shares of the communications equipment provider's stock worth $239,000 after buying an additional 24,182 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of ADTRAN by 104.5% in the fourth quarter. Quantbot Technologies LP now owns 14,945 shares of the communications equipment provider's stock worth $124,000 after buying an additional 7,636 shares during the last quarter. Lisanti Capital Growth LLC purchased a new position in shares of ADTRAN in the first quarter worth approximately $1,880,000. Finally, American Century Companies Inc. boosted its holdings in shares of ADTRAN by 53.5% in the fourth quarter. American Century Companies Inc. now owns 172,100 shares of the communications equipment provider's stock worth $1,434,000 after buying an additional 59,985 shares during the last quarter. 80.56% of the stock is currently owned by institutional investors.

About ADTRAN

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.