Azenta, Inc. (NASDAQ:AZTA - Get Free Report) shares reached a new 52-week low on Wednesday following a weaker than expected earnings announcement. The company traded as low as $23.91 and last traded at $26.05, with a volume of 36697 shares changing hands. The stock had previously closed at $25.42.
The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.04). Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. The business's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS.
Analysts Set New Price Targets
A number of brokerages have issued reports on AZTA. Evercore ISI boosted their price target on shares of Azenta from $50.00 to $52.00 and gave the stock an "in-line" rating in a research note on Thursday, February 6th. Needham & Company LLC cut their price target on shares of Azenta from $59.00 to $40.00 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, TD Cowen upgraded shares of Azenta to a "hold" rating in a research note on Thursday, February 27th.
Get Our Latest Stock Report on Azenta
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Azenta by 8.9% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,842 shares of the company's stock worth $168,000 after acquiring an additional 396 shares in the last quarter. Ballentine Partners LLC lifted its stake in Azenta by 2.0% in the 4th quarter. Ballentine Partners LLC now owns 20,340 shares of the company's stock valued at $1,017,000 after buying an additional 404 shares in the last quarter. Boothbay Fund Management LLC raised its holdings in Azenta by 8.4% in the 4th quarter. Boothbay Fund Management LLC now owns 6,571 shares of the company's stock valued at $329,000 after acquiring an additional 509 shares during the last quarter. Picton Mahoney Asset Management raised its holdings in Azenta by 305.7% in the 4th quarter. Picton Mahoney Asset Management now owns 706 shares of the company's stock valued at $35,000 after acquiring an additional 532 shares during the last quarter. Finally, KBC Group NV increased its holdings in shares of Azenta by 48.5% during the 4th quarter. KBC Group NV now owns 2,137 shares of the company's stock worth $107,000 after buying an additional 698 shares during the last quarter. Institutional investors and hedge funds own 99.08% of the company's stock.
Azenta Trading Up 7.2%
The stock's fifty day moving average price is $31.45 and its 200-day moving average price is $42.03. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of -9.63 and a beta of 1.64.
Azenta Company Profile
(
Get Free Report)
Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.
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