Key Points
- CEO Thomas Stanton purchased 40,928 shares on November 24 at an average price of $7.33 for about $300,002, raising his holding to 982,096 shares (a 4.35% increase), according to an SEC filing.
- ADTN trades near $7.70 with a market cap of roughly $616.9M but shows negative profitability metrics (PE -5.88, net margin -11.02%, negative ROE), reflecting current losses despite recent share strength.
- Institutional investors own about 80.56% of the stock with recent inflows from firms like Invesco, and analysts have a consensus rating of "Moderate Buy" with an average target price of $12.80.
ADTRAN Holdings, Inc. (NASDAQ:ADTN - Get Free Report) CEO Thomas Stanton bought 40,928 shares of the stock in a transaction dated Monday, November 24th. The stock was purchased at an average price of $7.33 per share, with a total value of $300,002.24. Following the acquisition, the chief executive officer directly owned 982,096 shares in the company, valued at approximately $7,198,763.68. The trade was a 4.35% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
ADTRAN Stock Up 4.8%
Shares of NASDAQ:ADTN opened at $7.70 on Wednesday. ADTRAN Holdings, Inc. has a 1 year low of $6.93 and a 1 year high of $12.44. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.96 and a quick ratio of 1.19. The firm has a market capitalization of $616.89 million, a PE ratio of -5.88 and a beta of 1.41. The business has a 50 day simple moving average of $8.89 and a two-hundred day simple moving average of $8.87.
ADTRAN (NASDAQ:ADTN - Get Free Report) last issued its earnings results on Friday, March 15th. The communications equipment provider reported $0.89 earnings per share (EPS) for the quarter. The firm had revenue of $358.27 million during the quarter. ADTRAN had a negative net margin of 11.02% and a negative return on equity of 10.09%. On average, equities analysts predict that ADTRAN Holdings, Inc. will post -0.5 EPS for the current year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of ADTN. Swiss National Bank purchased a new stake in shares of ADTRAN during the 1st quarter valued at $1,273,000. Raymond James Financial Inc. increased its position in ADTRAN by 47.9% during the 1st quarter. Raymond James Financial Inc. now owns 380,898 shares of the communications equipment provider's stock valued at $3,321,000 after buying an additional 123,307 shares in the last quarter. Invesco Ltd. increased its position in ADTRAN by 325.4% during the 1st quarter. Invesco Ltd. now owns 1,183,180 shares of the communications equipment provider's stock valued at $10,317,000 after buying an additional 905,056 shares in the last quarter. Ieq Capital LLC purchased a new stake in ADTRAN in the first quarter valued at about $209,000. Finally, Russell Investments Group Ltd. boosted its holdings in ADTRAN by 257.3% in the first quarter. Russell Investments Group Ltd. now owns 75,162 shares of the communications equipment provider's stock worth $655,000 after acquiring an additional 54,125 shares in the last quarter. Institutional investors own 80.56% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have recently commented on ADTN shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $11.00 target price on shares of ADTRAN in a research report on Wednesday, November 5th. Wall Street Zen cut ADTRAN from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Needham & Company LLC reaffirmed a "buy" rating and set a $12.00 target price on shares of ADTRAN in a research report on Tuesday. B. Riley initiated coverage on ADTRAN in a research report on Thursday, September 18th. They set a "buy" rating and a $16.00 price target on the stock. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of ADTRAN in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $12.80.
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ADTRAN Company Profile
(
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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.
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