NASDAQ:IOTS - Adesto Technologies Stock Price, Forecast & News

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

Adesto Technologies Corp (NASDAQ:IOTS) announced its quarterly earnings data on Wednesday, November, 7th. The technology company reported ($0.04) 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 return on equity of 13.61% and a negative net margin of 21.81%. View Adesto Technologies' Earnings History.

8 equities research analysts have issued twelve-month price targets 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 that the stock has a possible downside of 2.8%. View Analyst Price Targets for Adesto Technologies.

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.

Press coverage about IOTS stock has been trending very negative this week, according to InfoTrie Sentiment. The research firm identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. 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 news impact score of -3.2 on InfoTrie's scale. They also assigned media coverage about the technology company a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the near future. View News Stories for Adesto Technologies.

Adesto Technologies saw a drop in short interest during the month of February. As of February 14th, there was short interest totalling 3,640,000 shares, a drop of 6.9% from the January 30th total of 3,910,000 shares. Based on an average daily volume of 393,800 shares, the days-to-cover ratio is presently 9.2 days. Approximately 13.7% 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), Silicon Motion Technology (SIMO), SunPower (SPWR), Canadian Solar (CSIQ), MaxLinear (MXL), JinkoSolar (JKS), Xperi (XPER), ChipMOS Technologies (IMOS), Photronics (PLAB), Ultra Clean (UCTT), Daqo New Energy (DQ), Himax Technologies (HIMX), Smart Global (SGH), Ichor (ICHR) and CEVA (CEVA).

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

Adesto Technologies' stock is owned by many different of institutional and retail investors. Top institutional investors include Arch Venture Corp (6.78%), NWQ Investment Management Company LLC (3.98%), Royce & Associates LP (3.61%), Driehaus Capital Management LLC (2.54%), Russell Investments Group Ltd. (2.32%) and State Street Corp (1.55%). Company insiders that own Adesto Technologies stock include David Aaron, Dermot Barry, Gideon D Intrater, 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 NWQ Investment Management Company LLC, Renaissance Technologies LLC, Cadence Capital Management LLC, Bank of America Corp DE and Mesirow Financial Investment Management Inc.. 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 bought by a variety of institutional investors in the last quarter, including Arch Venture Corp, Royce & Associates LP, Cooper Creek Partners Management LLC, Millrace Asset Group Inc., Driehaus Capital Management LLC, Russell Investments Group Ltd., Silverback Asset Management LLC and Goldman Sachs Group Inc.. 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 $12.31.

Adesto Technologies has a market capitalization of $372.50 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]