NASDAQ:IOTSAdesto Technologies Stock Price, Forecast & News

Adesto Technologies' stock was trading at $11.45 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, IOTS stock has increased by 3.9% and is now trading at $11.90. 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 9th 2020. View our earnings forecast for Adesto Technologies.

Adesto Technologies Corp (NASDAQ:IOTS) issued its quarterly earnings data on Wednesday, November, 7th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of ($0.05) by $0.01. The technology company had revenue of $21.93 million for the quarter, compared to analysts' expectations 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 analysts have issued twelve-month target prices for Adesto Technologies' shares. Their forecasts range from $10.00 to $12.55. On average, they expect Adesto Technologies' share price to reach $11.96 in the next year. This suggests a possible upside of 0.5% from the stock's current price. View analysts' price targets for Adesto Technologies.

News stories about IOTS stock have trended somewhat negative recently, according to InfoTrie Sentiment. The research group rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Adesto Technologies earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media stories about the technology company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the stock's share price in the near future. View the latest news aboutAdesto Technologies.

Adesto Technologies saw a increase in short interest during the month of 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. Currently, 17.0% of the company's stock are sold short. 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), Ultra Clean (UCTT), Nlight (LASR), JinkoSolar (JKS), Photronics (PLAB), CEVA (CEVA), Daqo New Energy (DQ), Smart Global (SGH), Himax Technologies (HIMX) and Ichor (ICHR). 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 a number of 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 $11.90.

Adesto Technologies has a market capitalization of $368.42 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]