NASDAQ:IOTSAdesto Technologies Stock Price, Forecast & News

Adesto Technologies' stock was trading at $11.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, IOTS shares have increased by 5.4% and is now trading at $12.07. View which stocks have been most impacted by Coronavirus.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Adesto Technologies in the last year. There are currently 7 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Adesto Technologies.

Adesto Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, June 2nd 2020. View our earnings forecast for Adesto Technologies.

Adesto Technologies Corp (NASDAQ:IOTS) posted its quarterly earnings results on Wednesday, November, 7th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.05) by $0.01. The technology company earned $21.93 million during the quarter, compared to analyst estimates of $20.11 million. Adesto Technologies had a negative net margin of 22.73% and a negative return on equity of 23.38%. View Adesto Technologies' earnings history.

8 Wall Street analysts have issued 12 month price objectives for Adesto Technologies' stock. Their forecasts range from $10.00 to $12.55. On average, they anticipate Adesto Technologies' stock price to reach $11.96 in the next twelve months. This suggests that the stock has a possible downside of 0.9%. View analysts' price targets for Adesto Technologies.

Media stories about IOTS stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Adesto Technologies earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media coverage about the technology company a news buzz of 3.0 out of 10, meaning that recent press coverage is unlikely to have an effect on the company's share price in the immediate future. View the latest news aboutAdesto Technologies.

Adesto Technologies saw a increase in short interest in April. As of April 30th, there was short interest totaling 4,280,000 shares, an increase of 26.6% from the April 15th total of 3,380,000 shares. Based on an average trading volume of 1,140,000 shares, the days-to-cover ratio is presently 3.8 days. Approximately 17.0% of the shares of the stock are short sold. View Adesto Technologies' Current Options Chain.

Some companies that are related to Adesto Technologies include Kulicke and Soffa Industries (KLIC), OSI Systems (OSIS), MaxLinear (MXL), SunPower (SPWR), Canadian Solar (CSIQ), ChipMOS Technologies (IMOS), Nlight (LASR), Ultra Clean (UCTT), Photronics (PLAB), CEVA (CEVA), Xperi (XPER), Daqo New Energy (DQ), JinkoSolar (JKS), Smart Global (SGH) and Himax Technologies (HIMX). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other Adesto Technologies investors own include AT&T (T), Ford Motor (F), Alibaba Group (BABA), Advanced Micro Devices (AMD), Corbus Pharmaceuticals (CRBP), Verizon Communications (VZ), Canopy Growth (CGC), NVIDIA (NVDA), Cronos Group (CRON) and STMicroelectronics (STM).

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

Adesto Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include Magnetar Financial LLC (6.44%), Arch Venture Corp (6.06%), BlackRock Inc. (5.97%), NWQ Investment Management Company LLC (3.40%), Water Island Capital LLC (2.77%) and Dupont Capital Management Corp (2.47%). Company insiders that own Adesto Technologies stock include David Aaron, Dermot Barry, Gideon D Intrater, Narbeh Derhacobian, Raphael Mehrbians, Ron Shelton, Sohrab Modi 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 Granahan Investment Management Inc. MA, Russell Investments Group Ltd., Arch Venture Corp, NWQ Investment Management Company LLC, Two Sigma Advisers LP, UBS Group AG, Parametric Portfolio Associates LLC, and Deutsche Bank AG. 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, Sohrab Modi, and Thomas D Spade. View insider buying and selling activity for Adesto Technologies.

IOTS stock was bought by a variety of institutional investors in the last quarter, including Magnetar Financial LLC, Water Island Capital LLC, Dupont Capital Management Corp, Alpine Associates Management Inc., GABELLI & Co INVESTMENT ADVISERS INC., Morgan Stanley, Morgan Stanley, and Gabelli Funds LLC. View insider buying and selling activity 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 $12.07.

Adesto Technologies has a market capitalization of $373.69 million and generates $118.17 million in revenue each year. Adesto Technologies employs 265 workers across the globe.

The official website for Adesto Technologies is 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]