Adesto Technologies Stock Price, Forecast & Analysis (NASDAQ:IOTS)

Adesto Technologies trades on the NASDAQ under the ticker symbol "IOTS."

Adesto Technologies Corp (NASDAQ:IOTS) released its quarterly earnings results on Tuesday, November, 5th. The technology company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. The technology company earned $32.03 million during the quarter, compared to the consensus estimate of $32.99 million. Adesto Technologies had a negative net margin of 21.81% and a negative return on equity of 13.61%. View Adesto Technologies' Earnings History.

Adesto Technologies is scheduled to release their next quarterly earnings announcement on Thursday, February 20th 2020. View Earnings Estimates for Adesto Technologies.

5 Wall Street analysts have issued 1-year price targets for Adesto Technologies' shares. Their forecasts range from $10.00 to $13.00. On average, they anticipate Adesto Technologies' stock price to reach $11.80 in the next year. This suggests a possible upside of 63.9% from the stock's current price. View Analyst Price Targets for Adesto Technologies.

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adesto Technologies in the last year. There are currently 1 hold rating and 4 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Adesto Technologies.

News stories about IOTS stock have been trending neutral recently, according to InfoTrie. The research group identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Adesto Technologies earned a media sentiment score of 0.2 on InfoTrie's scale. They also assigned news stories about the technology company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for Adesto Technologies.

Adesto Technologies saw a increase in short interest in the month of October. As of October 15th, there was short interest totalling 3,980,000 shares, an increase of 7.9% from the September 15th total of 3,690,000 shares. Based on an average daily volume of 532,700 shares, the days-to-cover ratio is currently 7.5 days. Currently, 15.8% of the shares of the company are short sold. View Adesto Technologies' Current Options Chain.

Some companies that are related to Adesto Technologies include Photronics (PLAB), Smart Global (SGH), Ichor (ICHR), JinkoSolar (JKS), Nlight (LASR), CEVA (CEVA), Aquantia (AQ), Himax Technologies (HIMX), Daqo New Energy (DQ), Magnachip Semiconductor (MX), NeoPhotonics (NPTN), DSP Group (DSPG), Alpha and Omega Semiconductor (AOSL), NVE (NVEC) and Applied Optoelectronics (AAOI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Adesto Technologies investors own include AT&T (T), Petra Diamonds (PDL), Ford Motor (F), Corbus Pharmaceuticals (CRBP), AVEO Pharmaceuticals (AVEO), Cronos Group (CRON), Advanced Micro Devices (AMD), Tandem Diabetes Care (TNDM), Canopy Growth (CGC) and STMicroelectronics (STM).

Adesto Technologies' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Russell Investments Group Ltd. (1.98%), SG Americas Securities LLC (0.95%), Cadence Capital Management LLC (0.93%), FNY Investment Advisers LLC (0.28%), First Interstate Bank (0.03%) and Tower Research Capital LLC TRC (0.01%). Company insiders that own Adesto Technologies stock include David Aaron, Dermot Barry, Gideon D Intrater, Ishai Naveh, Janet Wang, Narbeh Derhacobian, Raphael Mehrbians, Ron Shelton and Thomas D Spade. View Institutional Ownership Trends for Adesto Technologies.

IOTS stock was sold by a variety of institutional investors in the last quarter, including Cadence Capital Management LLC. Company insiders that have sold Adesto Technologies company stock in the last year include David Aaron, Dermot Barry, Gideon D Intrater, Raphael Mehrbians, Ron Shelton and Thomas D Spade. View Insider Buying and Selling for Adesto Technologies.

IOTS stock was purchased by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, FNY Investment Advisers LLC, Russell Investments Group Ltd., First Interstate Bank and Tower Research Capital LLC TRC . View Insider Buying and Selling for Adesto Technologies.

Shares of IOTS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of IOTS stock can currently be purchased for approximately $7.20.

Adesto Technologies has a market capitalization of $217.87 million and generates $83.49 million in revenue each year. The technology company earns $-21,440,000.00 in net income (profit) each year or ($0.28) on an earnings per share basis. Adesto Technologies employs 265 workers across the globe.View Additional Information About Adesto Technologies.

The official website for Adesto Technologies is http://www.adestotech.com/.

Adesto Technologies' mailing address is 3600 PETERSON WAY, SANTA CLARA CA, 95054. The technology company can be reached via phone at 408-400-0578 or via email at [email protected]