Analysts Set ADTRAN Holdings, Inc. (NASDAQ:ADTN) Target Price at $12.80

Key Points

• ADTRAN Holdings, Inc. has received a consensus recommendation of "Moderate Buy" from six research firms, with five analysts rating it as a buy and one as a hold.
• The average twelve-month target price for ADTRAN stock is $12.80, suggesting potential upside based on current trading prices.
• Institutional investors are significantly increasing their holdings, with GAMMA Investing LLC enhancing their stake by 762.1% in the first quarter.

Shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $12.80.

Several equities research analysts recently issued reports on the stock. B. Riley assumed coverage on shares of ADTRAN in a research report on Thursday, September 18th. They set a "buy" rating and a $16.00 price objective for the company. Wolfe Research initiated coverage on shares of ADTRAN in a research report on Monday, July 7th. They set a "peer perform" rating for the company. Finally, Wall Street Zen cut shares of ADTRAN from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th.

ADTRAN Stock Down 0.5%

ADTRAN stock traded down $0.05 during trading hours on Friday, reaching $9.61. The stock had a trading volume of 382,052 shares, compared to its average volume of 1,218,730. The company has a market cap of $768.21 million, a price-to-earnings ratio of -7.32 and a beta of 1.39. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.96 and a quick ratio of 1.19. The business's 50 day moving average price is $9.30 and its 200-day moving average price is $8.64. ADTRAN has a 52 week low of $5.63 and a 52 week high of $12.44.

ADTRAN (NASDAQ:ADTN - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The communications equipment provider reported ($0.26) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.27). ADTRAN had a negative return on equity of 10.09% and a negative net margin of 11.02%.The firm had revenue of $265.07 million during the quarter, compared to analysts' expectations of $255.57 million. During the same quarter in the previous year, the business earned ($0.24) earnings per share. The company's revenue for the quarter was up 17.3% compared to the same quarter last year. Sell-side analysts anticipate that ADTRAN will post -0.5 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royce & Associates LP raised its position in ADTRAN by 188.5% in the 1st quarter. Royce & Associates LP now owns 1,406,500 shares of the communications equipment provider's stock valued at $12,265,000 after purchasing an additional 919,000 shares during the last quarter. Invesco Ltd. grew its stake in ADTRAN by 325.4% in the 1st quarter. Invesco Ltd. now owns 1,183,180 shares of the communications equipment provider's stock valued at $10,317,000 after acquiring an additional 905,056 shares during the last quarter. SG Capital Management LLC acquired a new stake in ADTRAN in the 2nd quarter valued at about $7,601,000. Vanguard Group Inc. grew its stake in ADTRAN by 7.6% in the 1st quarter. Vanguard Group Inc. now owns 7,093,931 shares of the communications equipment provider's stock valued at $61,859,000 after acquiring an additional 501,512 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of ADTRAN during the first quarter worth about $3,883,000. Hedge funds and other institutional investors own 80.56% of the company's stock.

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.