Atomera (NASDAQ:ATOM) Stock Rating Lowered by Wall Street Zen

Atomera (NASDAQ:ATOM) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Monday.

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Atomera in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Atomera Stock Down 9.2%

NASDAQ:ATOM opened at $4.92 on Monday. The firm has a market capitalization of $191.98 million, a price-to-earnings ratio of -7.57 and a beta of 2.11. Atomera has a twelve month low of $1.89 and a twelve month high of $12.36. The stock’s 50 day moving average price is $6.58 and its two-hundred day moving average price is $6.21.

Atomera (NASDAQ:ATOM) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.04). Atomera had a negative return on equity of 77.91% and a negative net margin of 9,742.17%.The company had revenue of $0.16 million for the quarter, compared to the consensus estimate of $0.10 million.

Insider Buying and Selling at Atomera

In other news, CFO Francis Laurencio sold 20,400 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $9.44, for a total value of $192,576.00. Following the completion of the transaction, the chief financial officer directly owned 253,353 shares in the company, valued at approximately $2,391,652.32. The trade was a 7.45% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.10% of the company’s stock.

Institutional Investors Weigh In On Atomera

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Defender Capital LLC. acquired a new position in shares of Atomera during the second quarter worth $2,573,000. Andar Capital Management HK Ltd acquired a new stake in shares of Atomera during the 2nd quarter valued at $90,000,000. Quantum Private Wealth LLC boosted its holdings in shares of Atomera by 13.6% during the 4th quarter. Quantum Private Wealth LLC now owns 598,847 shares of the technology company’s stock valued at $1,323,000 after acquiring an additional 71,739 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Atomera during the 1st quarter worth $621,000. Finally, Northwestern Mutual Wealth Management Co. bought a new stake in Atomera during the 2nd quarter worth $149,000. 30.79% of the stock is owned by institutional investors.

About Atomera

Atomera Inc is a materials engineering company that develops and licenses advanced thin film technologies for the semiconductor industry. Its flagship offering, Mears Silicon Technology (MST), is designed to enhance transistor performance, improve power efficiency and boost device yields. Atomera’s solutions are integrated into existing fabrication processes without major changes to equipment or materials flows, enabling foundries and integrated device manufacturers to adopt the technology with minimal disruption.

At the core of Atomera’s business model is the licensing and patent-licensing of MST.