Are Analysts Bearish Neonode Inc. (NASDAQ:NEON) After Last Week?

March 14, 2018 - By Maria Brooks

 Are Analysts Bearish Neonode Inc. (NASDAQ:NEON) After Last Week?
Investors sentiment increased to 1.43 in Q3 2017. Its up 0.70, from 0.73 in 2017Q2. It increased, as 3 investors sold Neonode Inc. shares while 4 reduced holdings. 6 funds opened positions while 4 raised stakes. 8.44 million shares or 1.98% less from 8.61 million shares in 2017Q2 were reported.
Citadel Advsr Lc reported 16,364 shares. Menta Cap reported 115,211 shares. Citigroup holds 0% or 1 shares. California Employees Retirement Systems owns 81,900 shares. Next Grp Inc holds 0% or 2,500 shares. Northern owns 0% invested in Neonode Inc. (NASDAQ:NEON) for 81,611 shares. Vanguard Grp invested in 1.45 million shares. 35 are held by Royal Bankshares Of Canada. Natl Bank Of Montreal Can invested in 0% or 7,200 shares. 13,592 are held by Virtu Financial Limited Liability Com. Fincl Bank Of Ny Mellon Corp holds 28,873 shares or 0% of its portfolio. Tower Rech Limited Liability Company (Trc) owns 7,847 shares. Blackrock reported 1.07M shares. 8 are owned by Thompson Davis Com. Geode Cap Mgmt Ltd Liability Com stated it has 0% in Neonode Inc. (NASDAQ:NEON).

Neonode Inc. (NASDAQ:NEON) Ratings Coverage

Among 4 analysts covering Neonode (NASDAQ:NEON), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Neonode had 6 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Craig Hallum to “Hold” on Thursday, August 10. The firm has “Buy” rating given on Friday, August 7 by Ascendiant Capital Markets. The company was upgraded on Tuesday, August 25 by Zacks. As per Friday, March 9, the company rating was maintained by Cowen & Co. The company was downgraded on Tuesday, September 22 by Zacks. The stock of Neonode Inc. (NASDAQ:NEON) has “Buy” rating given on Friday, November 10 by Cowen & Co. Below is a list of Neonode Inc. (NASDAQ:NEON) latest ratings and price target changes.

09/03/2018 Broker: Cowen & Co Rating: Buy New Target: $1.0 Maintain
10/11/2017 Broker: Cowen & Co Rating: Buy New Target: $2.0 Maintain

The stock decreased 1.47% or $0.01 during the last trading session, reaching $0.47. About 274,333 shares traded. Neonode Inc. (NASDAQ:NEON) has declined 22.81% since March 14, 2017 and is downtrending. It has underperformed by 39.51% the S&P500.

Neonode Inc., together with its subsidiaries, develops and licenses user interfaces and optical interactive touch solutions in the United States, Sweden, Japan, China, Germany, Taiwan, South Korea, Italy, and internationally. The company has market cap of $27.54 million. The firm develops optical touch and gesture solutions for human interaction with devices. It currently has negative earnings. It licenses its multi-touch technology to original equipment manufacturers and Tier 1 suppliers, who incorporate it into devices they develop, manufacture, and sell, including automotive, as well as in consumer electronics, such as printers and office equipment, e-readers, and tablets.

Another recent and important Neonode Inc. (NASDAQ:NEON) news was published by which published an article titled: “Neonode to Report Fourth Quarter and Year End 2017 Results on March 8, 2018” on February 22, 2018.

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