Azenta, Inc. (NASDAQ:AZTA - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $27.30 and last traded at $26.34, with a volume of 750154 shares changing hands. The stock had previously closed at $26.61.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on AZTA shares. Needham & Company LLC raised 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. Evercore ISI upped their price objective on Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a research note on Thursday, February 6th. Finally, TD Cowen raised Azenta to a "hold" rating in a report on Thursday, February 27th.
View Our Latest Stock Analysis on AZTA
Azenta Stock Performance
The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -9.05 and a beta of 1.66. The business's 50-day moving average is $33.14 and its 200-day moving average is $42.62.
Azenta (NASDAQ:AZTA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 earnings per share 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%. Equities research analysts expect that Azenta, Inc. will post 0.53 EPS for the current fiscal year.
Institutional Trading of Azenta
Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC bought a new stake in Azenta during the 3rd quarter worth about $352,000. Nordea Investment Management AB grew its stake in shares of Azenta by 5.7% during the fourth quarter. Nordea Investment Management AB now owns 84,804 shares of the company's stock valued at $4,326,000 after purchasing an additional 4,606 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of Azenta in the fourth quarter valued at approximately $927,000. Assenagon Asset Management S.A. acquired a new stake in shares of Azenta in the fourth quarter valued at approximately $200,000. Finally, Ballentine Partners LLC raised its position in Azenta by 2.0% in the 4th quarter. Ballentine Partners LLC now owns 20,340 shares of the company's stock worth $1,017,000 after purchasing an additional 404 shares during the last quarter. 99.08% of the stock is currently owned by institutional investors and hedge funds.
About Azenta
(
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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