NASDAQ:ALGN Align Technology (ALGN) Stock Forecast, Price & News $302.00 +4.80 (+1.62%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$296.02▼$302.6850-Day Range$280.08▼$363.0652-Week Range$172.05▼$368.87Volume696,391 shsAverage Volume654,557 shsMarket Capitalization$23.11 billionP/E Ratio74.57Dividend YieldN/APrice Target$347.78 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Align Technology MarketRank™ ForecastAnalyst RatingModerate Buy2.80 Rating ScoreUpside/Downside15.2% Upside$347.78 Price TargetShort InterestHealthy2.56% of Float Sold ShortDividend StrengthN/ASustainability-1.34Upright™ Environmental ScoreNews Sentiment1.04Based on 10 Articles This WeekInsider TradingAcquiring Shares$2 M Bought Last QuarterProj. Earnings Growth19.41%From $6.80 to $8.12 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.3.13 out of 5 starsMedical Sector23rd out of 980 stocksSurgical Appliances & Supplies Industry1st out of 19 stocks 3.4 Analyst's Opinion Consensus RatingAlign Technology has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $347.78, Align Technology has a forecasted upside of 15.2% from its current price of $302.00.Amount of Analyst CoverageAlign Technology has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 5.0 Short Interest Percentage of Shares Shorted2.56% of the float of Align Technology has been sold short.Short Interest Ratio / Days to CoverAlign Technology has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Align Technology has recently decreased by 20.78%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldAlign Technology does not currently pay a dividend.Dividend GrowthAlign Technology does not have a long track record of dividend growth. Previous Next 3.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreAlign Technology has received a 48.63% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is false driven by its "Dental braces" product. See details.Environmental SustainabilityThe Environmental Impact score for Align Technology is -1.34. Previous Next 2.8 News and Social Media Coverage News SentimentAlign Technology has a news sentiment score of 1.04. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.56 average news sentiment score of Medical companies.News Coverage This WeekMarketBeat has tracked 10 news articles for Align Technology this week, compared to 5 articles on an average week.Search InterestOnly 13 people have searched for ALGN on MarketBeat in the last 30 days. This is a decrease of -68% compared to the previous 30 days.MarketBeat FollowsOnly 6 people have added Align Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Align Technology insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,996,820.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 0.64% of the stock of Align Technology is held by insiders.Percentage Held by Institutions84.90% of the stock of Align Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 3.1 Earnings and Valuation Earnings GrowthEarnings for Align Technology are expected to grow by 19.41% in the coming year, from $6.80 to $8.12 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Align Technology is 74.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.94.Price to Earnings Ratio vs. SectorThe P/E ratio of Align Technology is 74.57, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 79.52.Price to Earnings Growth RatioAlign Technology has a PEG Ratio of 2.58. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioAlign Technology has a P/B Ratio of 6.64. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Align Technology (NASDAQ:ALGN) StockAlign Technology, Inc. engages in the design, manufacture, and market of orthodontics, restorative, and aesthetic dentistry products. It operates through the Clear Aligner, and Scanner and Services segments. The Clear Aligner segment consists of Invisalign full, teen, and assist products, and Vivera retainers for treating malocclusion. The Scanner and Services segment consists of intraoral scanning systems such as single hardware platforms and restorative or orthodontic software options, ancillary products, and other related additional services. The company was founded by Zia Chishti, Brian Freyburger, and Kelsey Wirth in March 1997 and is headquartered in Tempe, AZ.Read More Receive ALGN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Align Technology and its competitors with MarketBeat's FREE daily newsletter. Email Address ALGN Stock News HeadlinesMay 4, 2023 | marketbeat.com3 Underperforming Nasdaq 100 Stocks Worth a Closer Look (ALGN)Given the volatility and growth potential associated with the Nasdaq’s elite, investors may want to keep these recent underperformers on the watch list.June 4, 2023 | americanbankingnews.comAlign Technology, Inc. (NASDAQ:ALGN) Receives Average Recommendation of "Moderate Buy" from BrokeragesJune 4, 2023 | Legacy Research (Affiliate) (Ad)The “Amazon Secret Royalty Program” Can Help Anyone Retire Like RoyaltyA unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.June 2, 2023 | msn.comThis Top Insider is Bullish on Align (NASDAQ:ALGN) StockJune 2, 2023 | finance.yahoo.comInsider Spends US$2.0m Buying More Shares In Align TechnologyJune 2, 2023 | finance.yahoo.comInsider Spends US$2.0m Buying More Shares In Align Technology \June 1, 2023 | benzinga.comWhy Shares Of Align Technology Are Up TodayJune 1, 2023 | americanbankingnews.comKevin J. Dallas Purchases 7,000 Shares of Align Technology, Inc. (NASDAQ:ALGN) StockJune 4, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 27, 2023 | americanbankingnews.comShort Interest in Align Technology, Inc. (NASDAQ:ALGN) Decreases By 20.8%May 25, 2023 | americanbankingnews.comAlign Technology (NASDAQ:ALGN) Stock Price Down 5%May 20, 2023 | americanbankingnews.comAlign Technology (NASDAQ:ALGN) Receives New Coverage from Analysts at StockNews.comMay 19, 2023 | thestreet.comAlign Technology (ALGN) Stock Coverage Started at Credit SuisseMay 17, 2023 | finance.yahoo.com2 Stocks With Unstoppable Growth Potential for the Next DecadeMay 8, 2023 | americanbankingnews.comAlign Technology (NASDAQ:ALGN) vs. Invacare (NYSE:IVCRQ) Head-To-Head ReviewMay 8, 2023 | americanbankingnews.comAlign Technology, Inc. (NASDAQ:ALGN) Receives $347.78 Average PT from BrokeragesMay 2, 2023 | americanbankingnews.comJefferies Financial Group Comments on Align Technology, Inc.'s Q1 2024 Earnings (NASDAQ:ALGN)May 1, 2023 | marketwatch.comAlign Technology Inc. stock falls Monday, underperforms marketMay 1, 2023 | americanbankingnews.comAlign Technology (NASDAQ:ALGN) PT Raised to $225.00 at Bank of AmericaMay 1, 2023 | seekingalpha.comAlign Technology Q1 Earnings: Way Too ExpensiveApril 30, 2023 | americanbankingnews.comAlign Technology (NASDAQ:ALGN) Price Target Raised to $370.00 at Piper SandlerApril 29, 2023 | americanbankingnews.comAlign Technology (NASDAQ:ALGN) Upgraded to "Buy" at StockNews.comApril 28, 2023 | msn.comGoldman Sachs Maintains Align Technology (ALGN) Neutral RecommendationApril 28, 2023 | msn.comPiper Sandler Maintains Align Technology (ALGN) Overweight RecommendationApril 28, 2023 | msn.comB of A Securities Maintains Align Technology (ALGN) Underperform RecommendationApril 27, 2023 | msn.comAlign Technology slips 10% despite Q1 beat as case volumes disappointApril 27, 2023 | finance.yahoo.comWhy Shares of Align Technology Fell ThursdaySee More Headlines ALGN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ALGN Company Calendar Last Earnings10/26/2021Today6/04/2023Next Earnings (Estimated)7/26/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Surgical appliances & supplies Sub-IndustryHealth Care Supplies SectorMedical Current SymbolNASDAQ:ALGN CUSIP01625510 CIK1097149 Webwww.aligntech.com Phone(602) 742-2000Fax408-470-1010Employees23,165Year Founded1997Price Target and Rating Average Stock Price Forecast$347.78 High Stock Price Forecast$390.00 Low Stock Price Forecast$225.00 Forecasted Upside/Downside+15.2%Consensus RatingModerate Buy Rating Score (0-4)2.80 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$4.05 Trailing P/E Ratio74.57 Forward P/E Ratio44.41 P/E Growth2.58Net Income$361.57 million Net Margins8.51% Pretax Margin14.74% Return on Equity11.18% Return on Assets6.82% Debt Debt-to-Equity RatioN/A Current Ratio1.16 Quick Ratio1.01 Sales & Book Value Annual Sales$3.73 billion Price / Sales6.19 Cash Flow$7.69 per share Price / Cash Flow39.27 Book Value$45.48 per share Price / Book6.64Miscellaneous Outstanding Shares76,520,000Free Float76,027,000Market Cap$23.11 billion OptionableOptionable Beta1.58 Social Links Key ExecutivesJoseph M. HoganPresident, Chief Executive Officer & DirectorEmory M. WrightExecutive Vice President-Global OperationsJohn F. MoriciChief Financial Officer & EVP-Global FinanceZelko RelicChief Technology Officer & Executive VPJulie Ann ColettiExecutive VP, Chief Legal & Regulatory OfficerKey CompetitorsSTERISNYSE:STEZimmer BiometNYSE:ZBHSmith & NephewNYSE:SNNEdwards LifesciencesNYSE:EWBeiGeneNASDAQ:BGNEView All CompetitorsInsiders & InstitutionsMacquarie Group Ltd.Bought 9,891 shares on 6/1/2023Ownership: 0.019%Kevin J DallasBought 7,000 shares on 5/30/2023Total: $2.00 M ($285.26/share)ProShare Advisors LLCBought 5,900 shares on 5/26/2023Ownership: 0.098%Toroso Investments LLCBought 499 shares on 5/23/2023Ownership: 0.008%Ameriprise Financial Inc.Sold 75,316 shares on 5/22/2023Ownership: 0.166%View All Insider TransactionsView All Institutional Transactions ALGN Stock - Frequently Asked Questions Should I buy or sell Align Technology stock right now? 10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last twelve months. There are currently 2 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" ALGN shares. View ALGN analyst ratings or view top-rated stocks. What is Align Technology's stock price forecast for 2023? 10 brokers have issued 12-month price objectives for Align Technology's stock. Their ALGN share price forecasts range from $225.00 to $390.00. On average, they expect the company's share price to reach $347.78 in the next year. This suggests a possible upside of 15.2% from the stock's current price. View analysts price targets for ALGN or view top-rated stocks among Wall Street analysts. How have ALGN shares performed in 2023? Align Technology's stock was trading at $210.90 at the start of the year. Since then, ALGN shares have increased by 43.2% and is now trading at $302.00. View the best growth stocks for 2023 here. Are investors shorting Align Technology? Align Technology saw a decline in short interest in May. As of May 15th, there was short interest totaling 1,830,000 shares, a decline of 20.8% from the April 30th total of 2,310,000 shares. Based on an average trading volume of 833,500 shares, the short-interest ratio is presently 2.2 days. Approximately 2.6% of the shares of the company are short sold. View Align Technology's Short Interest. When is Align Technology's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. View our ALGN earnings forecast. How were Align Technology's earnings last quarter? Align Technology, Inc. (NASDAQ:ALGN) issued its earnings results on Tuesday, October, 26th. The medical equipment provider reported $2.87 EPS for the quarter, topping analysts' consensus estimates of $2.60 by $0.27. The medical equipment provider had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $977.81 million. Align Technology had a net margin of 8.51% and a trailing twelve-month return on equity of 11.18%. Align Technology's quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.76 EPS. Read the conference call transcript. What ETFs hold Align Technology's stock? ETFs with the largest weight of Align Technology (NASDAQ:ALGN) stock in their portfolio include First Trust Nasdaq Lux Digital Health Solutions ETF (EKG), UPHOLDINGS Compound Kings ETF (KNGS), First Trust Indxx Medical Devices ETF (MDEV), AI Quality Growth ETF (AQGX), Alpha Intelligent - Large Cap Growth ETF (AILG), First Trust Innovation Leaders ETF (ILDR), First Trust NASDAQ 100 Ex-Technology Sector Index Fund (QQXT) and Invesco S&P 500 Equal Weight Health Care ETF (RYH). What guidance has Align Technology issued on next quarter's earnings? Align Technology updated its second quarter 2023 earnings guidance on Thursday, April, 27th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $980.00M-$1.00 billion, compared to the consensus revenue estimate of $951.31 million. What is Joe Hogan's approval rating as Align Technology's CEO? 346 employees have rated Align Technology Chief Executive Officer Joe Hogan on Glassdoor.com. Joe Hogan has an approval rating of 97% among the company's employees. This puts Joe Hogan in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. What other stocks do shareholders of Align Technology own? Based on aggregate information from My MarketBeat watchlists, some companies that other Align Technology investors own include NVIDIA (NVDA), Netflix (NFLX), Alibaba Group (BABA), PayPal (PYPL), Micron Technology (MU), Adobe (ADBE), Visa (V), Salesforce (CRM), Mastercard (MA) and Tesla (TSLA). What is Align Technology's stock symbol? Align Technology trades on the NASDAQ under the ticker symbol "ALGN." Who are Align Technology's major shareholders? Align Technology's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.02%), State Street Corp (3.91%), Sands Capital Management LLC (3.00%), Wellington Management Group LLP (2.21%), Geode Capital Management LLC (2.07%) and Price T Rowe Associates Inc. MD (1.85%). Insiders that own company stock include Andrea Lynn Saia, C Raymond Larkin Jr, C Raymond Larkin, Jr, Emory Wright, George J Morrow, John Morici, Joseph Lacob, Joseph M Hogan, Julie Ann Coletti, Julie Tay, Kevin C Burns, Kevin J Dallas, Robert E Fitzgerald, Simon Beard, Stuart A Hockridge, Thomas M Prescott, Warren S Thaler, Yuval Shaked and Zelko Relic. View institutional ownership trends. How do I buy shares of Align Technology? Shares of ALGN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Align Technology's stock price today? One share of ALGN stock can currently be purchased for approximately $302.00. How much money does Align Technology make? Align Technology (NASDAQ:ALGN) has a market capitalization of $23.11 billion and generates $3.73 billion in revenue each year. The medical equipment provider earns $361.57 million in net income (profit) each year or $4.05 on an earnings per share basis. How many employees does Align Technology have? The company employs 23,165 workers across the globe. Does Align Technology have any subsidiaries? The following companies are subsidiares of Align Technology: Align Technology Switzerland GmbH, Cadent, G.L. Dental Couture, and exocad Global Holdings GmbH (“exocad”).Read More How can I contact Align Technology? Align Technology's mailing address is 2820 ORCHARD PARKWAY, SAN JOSE CA, 95134. The official website for the company is www.aligntech.com. The medical equipment provider can be reached via phone at (602) 742-2000, via email at align@ethoscommunication.com, or via fax at 408-470-1010. This page (NASDAQ:ALGN) was last updated on 6/4/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Align Technology, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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