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Lake Street Keeps Their Buy Rating on QuickLogic (QUIK)

Tipranks - Thu Feb 19, 9:40AM CST

Lake Street analyst Tyler Burmeister maintained a Buy rating on QuickLogic today and set a price target of $10.00.

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QuickLogic has an analyst consensus of Moderate Buy, with a price target consensus of $7.98.

Based on QuickLogic’s latest earnings release for the quarter ending September 28, the company reported a quarterly revenue of $2.03 million and a GAAP net loss of $4.01 million. In comparison, last year the company earned a revenue of $4.27 million and had a GAAP net loss of $2.09 million

Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of QUIK in relation to earlier this year. Earlier this month, Elias Nader, the CFO, SVP FINANCE of QUIK sold 2,624.00 shares for a total of $18,577.92.

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