ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives $13.50 Average Price Target from Analysts

ADTRAN Holdings, Inc. (NASDAQ:ADTN - Get Free Report) has been assigned a consensus rating of "Buy" from the five analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.50.

ADTN has been the subject of several research analyst reports. Craig Hallum assumed coverage on ADTRAN in a research report on Wednesday, January 8th. They set a "buy" rating and a $15.00 price objective for the company. Needham & Company LLC raised their price objective on shares of ADTRAN from $11.00 to $14.00 and gave the stock a "buy" rating in a research note on Friday, February 28th. Finally, Rosenblatt Securities cut their target price on shares of ADTRAN from $15.00 to $11.00 and set a "buy" rating for the company in a research note on Tuesday.

ADTRAN Stock Performance

Shares of NASDAQ ADTN traded up $0.04 during trading hours on Friday, hitting $7.51. 782,431 shares of the stock were exchanged, compared to its average volume of 930,191. The firm has a market capitalization of $600.51 million, a P/E ratio of -1.15 and a beta of 1.46. ADTRAN has a one year low of $4.34 and a one year high of $12.44. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.10 and a quick ratio of 1.17. The company's 50 day moving average is $9.01 and its 200 day moving average is $8.66.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ADTN. Aquatic Capital Management LLC increased its holdings in ADTRAN by 1,572.5% in the 4th quarter. Aquatic Capital Management LLC now owns 6,690 shares of the communications equipment provider's stock valued at $56,000 after buying an additional 6,290 shares during the period. FNY Investment Advisers LLC bought a new stake in ADTRAN in the first quarter valued at about $65,000. SIH Partners LLLP acquired a new position in ADTRAN in the fourth quarter worth about $107,000. Hsbc Holdings PLC raised its position in ADTRAN by 11.4% in the fourth quarter. Hsbc Holdings PLC now owns 14,681 shares of the communications equipment provider's stock worth $122,000 after purchasing an additional 1,501 shares in the last quarter. Finally, Quantbot Technologies LP lifted its stake in ADTRAN by 104.5% during the fourth quarter. Quantbot Technologies LP now owns 14,945 shares of the communications equipment provider's stock worth $124,000 after purchasing an additional 7,636 shares during the period. 80.56% of the stock is currently owned by institutional investors and hedge funds.

ADTRAN Company Profile

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.