Netlist (OTCMKTS:NLST) Stock Price Up 7.9% - What's Next?

Key Points

• Netlist shares rose 7.9% to $6.33 during Monday trading, reaching an intraday high of $6.44. Trading volume was about 2.27 million shares, roughly 15% above the average.
• Analyst sentiment is mixed, with one Buy and one Hold rating, resulting in a consensus “Moderate Buy” rating and a $15.00 target price.
• Compass Financial Management acquired 11,000 shares in the second quarter, but institutional and hedge-fund ownership remains minimal at approximately 0.01%.

Netlist, Inc. (OTCMKTS:NLST - Get Free Report)'s stock price was up 7.9% during trading on Monday. The company traded as high as $6.44 and last traded at $6.33. 2,268,803 shares traded hands during mid-day trading, an increase of 15% from the average daily volume of 1,966,348 shares. The stock had previously closed at $5.8640.

Analysts Set New Price Targets

Several analysts have issued reports on NLST shares. Zacks Research lowered shares of Netlist from a "strong-buy" rating to a "hold" rating in a research report on Monday, July 13th. Roth Capital restated a "buy" rating on shares of Netlist in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.00.

Netlist Stock Up 8.5%

The stock has a 50 day moving average price of $5.63 and a 200 day moving average price of $3.76.

Institutional Investors Weigh In On Netlist

A hedge fund recently bought a new position in Netlist stock. Compass Financial Management LLC acquired a new stake in Netlist, Inc. (OTCMKTS:NLST - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 11,000 shares of the semiconductor company's stock, valued at approximately $34,000. 0.01% of the stock is owned by institutional investors and hedge funds.

Netlist Company Profile

Netlist, Inc develops and licenses technologies for high-performance memory and storage systems used in data centers, cloud computing, and enterprise computing environments. The company's work focuses on improving memory capacity, bandwidth, reliability, and data protection in servers and other computing platforms.

Netlist has developed products and technologies including nonvolatile memory solutions, registered memory modules, and hybrid memory architectures. Its portfolio has included NVvault nonvolatile memory products and other advanced memory modules designed to help preserve data during power interruptions and support demanding workloads.

Founded in 2000 and headquartered in Irvine, California, Netlist serves the computing and technology industries through product sales, technology development, and intellectual-property licensing.

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