Akoustis Technologies Inc (NASDAQ:AKTS) has been given an average broker rating score of 1.00 (Strong Buy) from the five analysts that cover the company, Zacks Investment Research reports. Five equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a one year consensus price objective of $11.13 for the company and are anticipating that the company will post ($0.23) earnings per share for the current quarter, according to Zacks. Zacks has also given Akoustis Technologies an industry rank of 225 out of 255 based on the ratings given to its competitors.

A number of research analysts recently weighed in on the company. Oppenheimer assumed coverage on Akoustis Technologies in a research report on Thursday, August 30th. They set an “outperform” rating and a $10.00 price objective for the company. Roth Capital raised their price objective on Akoustis Technologies to $10.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. Finally, Loop Capital assumed coverage on Akoustis Technologies in a research report on Thursday, June 21st. They set a “buy” rating and a $15.00 price objective for the company.

AKTS stock opened at $8.35 on Tuesday. Akoustis Technologies has a twelve month low of $4.86 and a twelve month high of $9.50. The company has a quick ratio of 5.99, a current ratio of 6.01 and a debt-to-equity ratio of 0.83.

In other Akoustis Technologies news, CEO Jeffrey B. Shealy sold 7,200 shares of Akoustis Technologies stock in a transaction on Monday, August 13th. The stock was sold at an average price of $7.67, for a total value of $55,224.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David Aichele sold 3,700 shares of Akoustis Technologies stock in a transaction on Monday, August 13th. The stock was sold at an average price of $7.68, for a total value of $28,416.00. The disclosure for this sale can be found here. 26.60% of the stock is currently owned by company insiders.

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. increased its holdings in shares of Akoustis Technologies by 13.1% in the 1st quarter. BlackRock Inc. now owns 452,865 shares of the technology company’s stock worth $2,639,000 after purchasing an additional 52,572 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Akoustis Technologies by 145.4% in the 2nd quarter. Millennium Management LLC now owns 301,087 shares of the technology company’s stock worth $2,189,000 after buying an additional 178,419 shares during the last quarter. Financial Advocates Investment Management boosted its stake in shares of Akoustis Technologies by 14.6% in the 2nd quarter. Financial Advocates Investment Management now owns 259,150 shares of the technology company’s stock worth $1,884,000 after buying an additional 33,000 shares during the last quarter. Salem Investment Counselors Inc. boosted its stake in shares of Akoustis Technologies by 3,061.7% in the 2nd quarter. Salem Investment Counselors Inc. now owns 142,275 shares of the technology company’s stock worth $1,034,000 after buying an additional 137,775 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Akoustis Technologies by 36.3% in the 1st quarter. Northern Trust Corp now owns 134,222 shares of the technology company’s stock worth $783,000 after buying an additional 35,713 shares during the last quarter. 14.58% of the stock is owned by institutional investors and hedge funds.

Akoustis Technologies Company Profile

Akoustis Technologies, Inc engages in developing, designing, and manufacturing radio frequency (RF) filter products for the mobile wireless device industries. It offers RF filters for mobile wireless devices, such as smartphones and tablets, cellular infrastructure equipment, and WiFi premise equipment.

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Analyst Recommendations for Akoustis Technologies (NASDAQ:AKTS)

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