Zacks: Netlist, Inc. (NLST) Receives Consensus Recommendation of “Strong Buy” from Analysts

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Shares of Netlist, Inc. (NASDAQ:NLST) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.

Brokerages have set a 12-month consensus price target of $0.75 for the company and are forecasting that the company will post ($0.02) EPS for the current quarter, according to Zacks. Zacks has also assigned Netlist an industry rank of 236 out of 256 based on the ratings given to related companies.

Separately, Zacks Investment Research upgraded shares of Netlist from a “hold” rating to a “buy” rating and set a $0.50 target price on the stock in a research note on Wednesday, February 13th.

NASDAQ:NLST traded up $0.01 during mid-day trading on Friday, hitting $0.37. 462,039 shares of the stock traded hands, compared to its average volume of 580,843. Netlist has a 52 week low of $0.10 and a 52 week high of $1.10.

Netlist (NASDAQ:NLST) last issued its quarterly earnings results on Tuesday, May 14th. The semiconductor company reported ($0.03) EPS for the quarter, meeting the consensus estimate of ($0.03). The firm had revenue of $5.11 million for the quarter, compared to the consensus estimate of $8.00 million.

In other Netlist news, CEO Chun K. Hong sold 150,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $0.55, for a total value of $82,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. 12.90% of the stock is owned by corporate insiders.

Netlist Company Profile

Netlist, Inc designs, manufactures, and sells modular memory subsystems for the server, high-performance computing, and communications markets worldwide. It offers Hybri dual in-line memory module (DIMM), a storage class memory product, which unifies dynamic random access memory (DRAM)and NAND flash in a plug-and-play module delivering terabyte storage capacities operating at nanosecond memory speeds.

See Also: Understanding Market Liquidity

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