ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives Average Rating of "Buy" from Analysts

ADTRAN Holdings, Inc. (NASDAQ:ADTN - Get Free Report) has been assigned a consensus recommendation of "Buy" from the five analysts that are currently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with 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 a report on the stock in the last year is $13.50.

ADTN has been the topic of a number of research reports. Rosenblatt Securities restated a "buy" rating and set a $15.00 target price on shares of ADTRAN in a research report on Friday, February 28th. Craig Hallum began coverage on shares of ADTRAN in a research report on Wednesday, January 8th. They set a "buy" rating and a $15.00 target price for the company. Northland Securities upped their price objective on ADTRAN from $9.00 to $10.00 and gave the company an "outperform" rating in a report on Thursday, December 19th. Finally, Needham & Company LLC increased their price target on ADTRAN from $11.00 to $14.00 and gave the stock a "buy" rating in a report on Friday, February 28th.

ADTRAN Price Performance

ADTN traded down $0.02 during midday trading on Monday, reaching $9.22. 1,046,335 shares of the company's stock were exchanged, compared to its average volume of 882,332. ADTRAN has a one year low of $4.34 and a one year high of $12.44. The firm has a market capitalization of $736.31 million, a price-to-earnings ratio of -1.42 and a beta of 1.29. The business has a 50-day simple moving average of $10.22 and a two-hundred day simple moving average of $8.36. The company has a quick ratio of 1.17, a current ratio of 2.10 and a debt-to-equity ratio of 0.89.

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Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Aquatic Capital Management LLC raised its stake in ADTRAN by 1,572.5% in the fourth quarter. Aquatic Capital Management LLC now owns 6,690 shares of the communications equipment provider's stock valued at $56,000 after buying an additional 6,290 shares during the period. SIH Partners LLLP bought a new position in shares of ADTRAN during the fourth quarter worth approximately $107,000. Hsbc Holdings PLC increased its position in ADTRAN by 11.4% during the fourth quarter. Hsbc Holdings PLC now owns 14,681 shares of the communications equipment provider's stock worth $122,000 after acquiring an additional 1,501 shares during the period. Quantbot Technologies LP raised its position in shares of ADTRAN by 104.5% in the fourth quarter. Quantbot Technologies LP now owns 14,945 shares of the communications equipment provider's stock valued at $124,000 after buying an additional 7,636 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in ADTRAN in the 3rd quarter valued at $92,000. Institutional investors own 80.56% of the company's stock.

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.