ADTRAN Holdings, Inc. (NASDAQ:ADTN) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of ADTRAN Holdings, Inc. (NASDAQ:ADTN) have been assigned an average rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $7.17.

A number of brokerages recently weighed in on ADTN. Needham & Company LLC reissued a “buy” rating and issued a $8.00 price objective on shares of ADTRAN in a research note on Thursday, August 8th. Rosenblatt Securities reissued a “neutral” rating and issued a $6.00 price objective on shares of ADTRAN in a research note on Wednesday, August 7th. Finally, StockNews.com raised ADTRAN from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd.

ADTRAN Stock Down 0.2 %

Shares of ADTRAN stock opened at $6.19 on Wednesday. The firm has a market cap of $490.43 million, a price-to-earnings ratio of -0.87 and a beta of 1.20. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.31 and a quick ratio of 1.31. ADTRAN has a 52-week low of $4.34 and a 52-week high of $7.66. The stock has a 50-day simple moving average of $5.80 and a 200-day simple moving average of $5.50.

ADTRAN (NASDAQ:ADTN) last announced its quarterly earnings results on Monday, August 5th. The communications equipment provider reported ($0.28) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.14). The firm had revenue of $225.99 million for the quarter, compared to analyst estimates of $225.95 million. ADTRAN had a negative net margin of 58.64% and a negative return on equity of 29.26%. On average, equities research analysts expect that ADTRAN will post -0.41 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in ADTRAN by 798.7% in the 3rd quarter. Blue Trust Inc. now owns 4,700 shares of the communications equipment provider’s stock worth $28,000 after buying an additional 4,177 shares during the period. Park Avenue Securities LLC bought a new position in ADTRAN in the 3rd quarter worth approximately $65,000. Point72 DIFC Ltd bought a new position in ADTRAN in the 2nd quarter worth approximately $69,000. SG Americas Securities LLC bought a new position in ADTRAN in the 2nd quarter worth approximately $90,000. Finally, PEAK6 Investments LLC increased its position in ADTRAN by 28.5% in the 1st quarter. PEAK6 Investments LLC now owns 17,646 shares of the communications equipment provider’s stock worth $96,000 after buying an additional 3,911 shares during the period. 80.56% of the stock is owned by institutional investors.

About ADTRAN

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.