Kera Capital Partners Inc. Makes New Investment in Azenta, Inc. $AZTA

Key Points

• Kera Capital Partners Inc. acquired a new stake in Azenta, Inc. by purchasing 10,445 shares valued at approximately $321,000 during the second quarter of the year.
• Azenta's stock recently dropped 5.0% and has a market capitalization of $1.36 billion, with a current stock price of $29.66.
• Analysts have varied opinions on Azenta, with two recommending a Buy rating and three an Equal Weight rating, averaging a price target of $35.75.

Kera Capital Partners Inc. bought a new position in Azenta, Inc. (NASDAQ:AZTA - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,445 shares of the company's stock, valued at approximately $321,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AZTA. Farther Finance Advisors LLC lifted 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 purchasing an additional 859 shares during the last quarter. State of Wyoming lifted its holdings in shares of Azenta by 77.1% during the first quarter. State of Wyoming now owns 2,343 shares of the company's stock worth $81,000 after buying an additional 1,020 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Azenta by 13,184.2% during the first quarter. Caitong International Asset Management Co. Ltd now owns 2,524 shares of the company's stock worth $87,000 after buying an additional 2,505 shares during the last quarter. Quarry LP lifted its holdings in shares of Azenta by 41.5% during the first quarter. Quarry LP now owns 3,120 shares of the company's stock worth $108,000 after buying an additional 915 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Azenta by 8.9% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 4,842 shares of the company's stock worth $168,000 after buying an additional 396 shares during the last quarter. 99.08% of the stock is currently owned by institutional investors and hedge funds.

Azenta Trading Down 0.7%

Shares of NASDAQ AZTA traded down $0.21 during mid-day trading on Friday, reaching $30.85. 177,232 shares of the company's stock were exchanged, compared to its average volume of 738,522. The business has a fifty day simple moving average of $30.95 and a 200 day simple moving average of $30.73. Azenta, Inc. has a twelve month low of $23.91 and a twelve month high of $55.63. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of -12.73 and a beta of 1.65.

Azenta (NASDAQ:AZTA - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.06. Azenta had a negative net margin of 18.45% and a positive return on equity of 1.35%. The company had revenue of $143.94 million during the quarter, compared to analysts' expectations of $149.64 million. During the same period last year, the business earned $0.14 EPS. The business's quarterly revenue was up .0% on a year-over-year basis. Equities research analysts predict that Azenta, Inc. will post 0.53 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AZTA shares. Evercore ISI set a $33.00 price target on Azenta and gave the stock an "in-line" rating in a report on Tuesday, August 5th. Stephens began coverage on Azenta in a research report on Tuesday, July 22nd. They set an "equal weight" rating and a $35.00 price objective on the stock. Finally, Raymond James Financial upgraded Azenta from a "market perform" rating to an "outperform" rating and set a $35.00 price objective on the stock in a research report on Wednesday, August 6th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $35.75.

Azenta Company Profile

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.