Azenta, Inc. (NASDAQ:AZTA - Get Free Report)'s stock price hit a new 52-week low on Tuesday . The stock traded as low as $24.06 and last traded at $25.03, with a volume of 1062489 shares trading hands. The stock had previously closed at $25.25.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on AZTA shares. Needham & Company LLC lifted their price objective on shares of Azenta from $55.00 to $59.00 and gave the stock a "buy" rating in a report on Thursday, February 6th. Stephens reaffirmed an "overweight" rating and issued a $60.00 price objective on shares of Azenta in a research report on Thursday, January 2nd. TD Cowen upgraded Azenta to a "hold" rating in a research note on Thursday, February 27th. Finally, Evercore ISI increased their price target on Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a research report on Thursday, February 6th.
Read Our Latest Analysis on Azenta
Azenta Price Performance
The firm has a market cap of $1.22 billion, a PE ratio of -8.97 and a beta of 1.66. The business's fifty day moving average is $35.03 and its 200-day moving average is $43.25.
Azenta (NASDAQ:AZTA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.03. Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. Analysts forecast that Azenta, Inc. will post 0.53 EPS for the current year.
Institutional Trading of Azenta
Several hedge funds have recently made changes to their positions in AZTA. Farther Finance Advisors LLC increased its holdings in Azenta by 788.1% in the 1st quarter. Farther Finance Advisors LLC now owns 968 shares of the company's stock worth $33,000 after acquiring an additional 859 shares during the last quarter. Picton Mahoney Asset Management lifted its stake in shares of Azenta by 305.7% during the 4th quarter. Picton Mahoney Asset Management now owns 706 shares of the company's stock valued at $35,000 after buying an additional 532 shares in the last quarter. Headlands Technologies LLC bought a new position in Azenta in the 4th quarter worth approximately $40,000. Covestor Ltd grew its stake in Azenta by 64.2% in the 4th quarter. Covestor Ltd now owns 2,043 shares of the company's stock valued at $102,000 after buying an additional 799 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Azenta by 48.5% during the fourth quarter. KBC Group NV now owns 2,137 shares of the company's stock worth $107,000 after acquiring an additional 698 shares in the last quarter. 99.08% of the stock is currently owned by institutional investors.
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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