ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives Consensus Rating of "Moderate Buy" from Analysts

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 been assigned an average recommendation of "Moderate Buy" from the six research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokers that have covered the stock in the last year is $12.80.

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

Hedge Funds Weigh In On ADTRAN

Several institutional investors and hedge funds have recently added to or reduced their stakes in ADTN. Cape Investment Advisory Inc. bought a new stake in ADTRAN in the second quarter valued at about $27,000. New York State Teachers Retirement System bought a new position in shares of ADTRAN in the 2nd quarter valued at about $65,000. FNY Investment Advisers LLC acquired a new position in ADTRAN during the first quarter worth $65,000. Park Avenue Securities LLC acquired a new stake in shares of ADTRAN in the second quarter valued at approximately $91,000. Finally, Ballentine Partners LLC bought a new position in ADTRAN in the 1st quarter valued at about $94,000. 80.56% of the stock is currently owned by institutional investors.

ADTRAN Price Performance

Shares of NASDAQ ADTN traded down $0.08 during trading on Friday, hitting $9.50. The company had a trading volume of 2,732,581 shares, compared to its average volume of 1,981,680. ADTRAN has a 52 week low of $5.59 and a 52 week high of $12.44. The business's 50-day moving average is $9.29 and its 200 day moving average is $8.65. The company has a market cap of $759.79 million, a P/E ratio of -7.25 and a beta of 1.39. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.19 and a current ratio of 1.96.

ADTRAN (NASDAQ:ADTN - Get Free Report) last issued its earnings results on Monday, August 4th. The communications equipment provider reported ($0.26) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.27). The business had revenue of $265.07 million during the quarter, compared to analyst estimates of $255.57 million. ADTRAN had a negative return on equity of 10.09% and a negative net margin of 11.02%.The business's quarterly revenue was up 17.3% on a year-over-year basis. During the same period last year, the business earned ($0.24) EPS. Equities research analysts predict that ADTRAN will post -0.5 earnings per share for the current fiscal year.

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.