ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives $7.17 Consensus Price Target from Brokerages

Shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN) have been given a consensus rating of “Moderate Buy” by the five ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $7.17.

A number of analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “buy” rating and set a $8.00 target price on shares of ADTRAN in a report on Thursday, August 8th. Rosenblatt Securities reiterated a “neutral” rating and issued a $6.00 price objective on shares of ADTRAN in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded ADTRAN from a “hold” rating to a “sell” rating in a report on Thursday, September 5th.

Institutional Trading of ADTRAN

Large investors have recently bought and sold shares of the company. Cape Investment Advisory Inc. purchased a new position in shares of ADTRAN in the 4th quarter valued at approximately $27,000. RPO LLC purchased a new position in ADTRAN during the fourth quarter valued at $84,000. Point72 DIFC Ltd bought a new stake in shares of ADTRAN during the 2nd quarter valued at $69,000. Victory Capital Management Inc. grew its position in shares of ADTRAN by 28.4% in the 4th quarter. Victory Capital Management Inc. now owns 15,041 shares of the communications equipment provider’s stock worth $110,000 after buying an additional 3,326 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of ADTRAN in the 2nd quarter worth about $90,000. 80.56% of the stock is owned by institutional investors.

ADTRAN Trading Up 3.6 %

NASDAQ ADTN opened at $5.44 on Tuesday. The stock has a 50-day moving average of $5.56 and a 200-day moving average of $5.35. The company has a current ratio of 2.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. ADTRAN has a 1-year low of $4.34 and a 1-year high of $8.56. The firm has a market cap of $431.01 million, a PE ratio of -0.79 and a beta of 1.19.

ADTRAN (NASDAQ:ADTN) last posted its quarterly earnings results on Monday, August 5th. The communications equipment provider reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.14). The firm had revenue of $225.99 million for the quarter, compared to the consensus estimate of $225.95 million. ADTRAN had a negative net margin of 58.64% and a negative return on equity of 29.26%. As a group, sell-side analysts forecast that ADTRAN will post -0.41 EPS for the current year.

ADTRAN Company Profile

ADTRAN Holdings, Inc, through its subsidiaries, provides networking and communications platforms, software, systems, and services in the United States, Germany, the United Kingdom, and internationally. It operates through two segments, Network Solutions, and Services & Support. It offers residential gateways; ethernet passive optical network ONUs; gigabit passive optical network/XGS-PON ONTs; traditional SSE, routers, and switches; edge cloud; carrier ethernet network interface devices; Optical Line Terminals; Packet Aggregation, Copper Access, and Oscilloquartz; optical transport and engine solutions; infrastructure monitoring solution; and training, professional, software, and managed services.