Lowers ADTRAN (NASDAQ:ADTN) to Sell

ADTRAN (NASDAQ:ADTNGet Rating) was downgraded by from a “hold” rating to a “sell” rating in a report issued on Wednesday.

ADTN has been the topic of a number of other research reports. The Goldman Sachs Group lifted their price target on shares of ADTRAN from $21.00 to $24.00 and gave the company a “neutral” rating in a research note on Monday, August 8th. Loop Capital upgraded ADTRAN from a “hold” rating to a “buy” rating and increased their target price for the stock from $21.00 to $26.00 in a report on Monday, September 26th. Westpark Capital began coverage on ADTRAN in a research note on Tuesday, September 13th. They issued a “hold” rating on the stock. Rosenblatt Securities reduced their price objective on ADTRAN from $30.00 to $29.00 and set a “buy” rating for the company in a research report on Thursday, September 8th. Finally, Cowen lifted their target price on ADTRAN to $34.00 in a research report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from, the stock has a consensus rating of “Hold” and a consensus price target of $29.33.

ADTRAN Price Performance

Shares of ADTRAN stock opened at $21.54 on Wednesday. The company has a market capitalization of $1.06 billion, a P/E ratio of -33.66 and a beta of 1.40. The business has a 50-day moving average of $19.95 and a two-hundred day moving average of $20.37. ADTRAN has a 1 year low of $16.30 and a 1 year high of $25.47.

Insider Activity at ADTRAN

In other ADTRAN news, CEO Brian Protiva sold 26,501 shares of the business’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $24.64, for a total transaction of $652,984.64. Following the transaction, the chief executive officer now owns 330,609 shares of the company’s stock, valued at approximately $8,146,205.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.08% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new stake in ADTRAN in the 3rd quarter valued at about $32,000. FMR LLC raised its stake in ADTRAN by 41.3% in the second quarter. FMR LLC now owns 1,965 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 574 shares during the period. Macquarie Group Ltd. acquired a new stake in shares of ADTRAN in the third quarter valued at approximately $46,000. Point72 Hong Kong Ltd bought a new position in shares of ADTRAN during the 2nd quarter worth approximately $72,000. Finally, Group One Trading L.P. raised its stake in ADTRAN by 228.4% in the 3rd quarter. Group One Trading L.P. now owns 4,023 shares of the communications equipment provider’s stock valued at $79,000 after acquiring an additional 2,798 shares during the period. Institutional investors own 97.65% of the company’s stock.


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ADTRAN Holdings, Inc, through its subsidiaries, provides end-to-end fiber networking solutions for communications service provider, enterprises, and government customers in the United States, Germany, the United Kingdom, Mexico, and internationally. It operates through two segments, Network Solutions, and Services & Support.

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