NASDAQ:ALGN Align Technology - ALGN Stock Forecast, Price & News 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. $311.85 +5.64 (+1.84%) (As of 03/30/2023 12:00 AM ET) Add Compare Share Share Today's Range$309.51▼$314.5550-Day Range$243.01▼$359.8852-Week Range$172.05▼$458.25Volume565,621 shsAverage Volume1.06 million shsMarket Capitalization$23.89 billionP/E Ratio67.65Dividend YieldN/APrice Target$358.78 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Align Technology MarketRank™ ForecastAnalyst RatingModerate Buy2.78 Rating ScoreUpside/Downside15.0% Upside$358.78 Price TargetShort InterestHealthy3.73% of Float Sold ShortDividend StrengthN/ASustainability-1.34Upright™ Environmental ScoreNews Sentiment0.61Based on 9 Articles This WeekInsider TradingAcquiring Shares$1.20 M Bought Last QuarterProj. Earnings Growth25.35%From $6.43 to $8.06 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.2.85 out of 5 starsMedical Sector51st out of 1,009 stocksSurgical Appliances & Supplies Industry3rd out of 22 stocks 3.4 Analyst's Opinion Consensus RatingAlign Technology has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $358.78, Align Technology has a forecasted upside of 15.0% from its current price of $311.85.Amount of Analyst CoverageAlign Technology has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted3.73% 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 2.5, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Align Technology has recently increased by 9.88%, indicating that investor sentiment is decreasing 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 2.0 News and Social Media Coverage News SentimentAlign Technology has a news sentiment score of 0.61. 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 news sentiment score is similar to the average news sentiment of Medical companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Align Technology this week, compared to 5 articles on an average week.Search InterestOnly 27 people have searched for ALGN on MarketBeat in the last 30 days. This is a decrease of -40% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Align Technology to their MarketBeat watchlist in the last 30 days. This is a decrease of -46% 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 $1,200,572.00 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 25.35% in the coming year, from $6.43 to $8.06 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Align Technology is 67.65, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 122.07.Price to Earnings Ratio vs. SectorThe P/E ratio of Align Technology is 67.65, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 116.30.Price to Earnings Growth RatioAlign Technology has a PEG Ratio of 2.98. 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 6.76. 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 HeadlinesMarch 10, 2023 | marketbeat.comAre These Medical Device Makers Getting Ready To Rally? (ALGN)Current trends and changing demographics are behind growth of medical technology companies. An aging population and a shift to in-home care are among factors.March 29, 2023 | nasdaq.comGuru Fundamental Report for ALGNMarch 30, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...March 28, 2023 | marketwatch.comAlign Technology Inc. stock falls Tuesday, underperforms marketMarch 28, 2023 | finance.yahoo.comDow Jones Reverses After Key Economic Data; Warren Buffett Stock Jumps On UpgradeMarch 27, 2023 | finance.yahoo.comDow Jones Futures Rise 200 Points On Silicon Valley Bank Purchase; First Republic Soars 25%March 26, 2023 | americanbankingnews.comAlign Technology (NASDAQ:ALGN) Research Coverage Started at CICC ResearchMarch 21, 2023 | finance.yahoo.comIBD Stock Of The Day: With 50% Gain This Year, Align Shrugs Off Macro And Eyes Two EntriesMarch 30, 2023 | Legacy Research (Affiliate) (Ad)"Prepare for Five Years of Famine"Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecastMarch 19, 2023 | nasdaq.comNoteworthy Friday Option Activity: ALGN, STX, CSCOMarch 13, 2023 | marketwatch.comAlign Technology Inc. stock rises Monday, outperforms marketMarch 6, 2023 | baystreet.caIs Align Technology's Stock About to Take Off?March 4, 2023 | nasdaq.comALGN April 14th Options Begin TradingMarch 1, 2023 | marketwatch.comAlign Technology Inc. stock falls Wednesday, still outperforms marketFebruary 23, 2023 | finance.yahoo.comThe Zacks Analyst Blog Highlights Amazon, Morgan Stanley, Fortinet, W.W. Grainger and Align TechnologyFebruary 16, 2023 | finance.yahoo.comCOO vs. ALGN: Which Stock Is the Better Value Option?February 12, 2023 | finance.yahoo.comPresident Joseph Hogan Just Bought 1.6% More Shares In Align Technology, Inc. (NASDAQ:ALGN)February 8, 2023 | tmcnet.comAlign Technology Appoints Karim Boussebaa, EVP and MD of iTero Scanner and Services Business-Yuval Shaked to Leave Align End of 2023February 6, 2023 | fool.comAlign Technology Shareholders Are All Smiles NowFebruary 6, 2023 | markets.businessinsider.comAlign Technology Inks $250 Mln Accelerated Stock Repurchase Agreement With CitibankFebruary 5, 2023 | finance.yahoo.comIs Align Technology a Buy After Exceeding Expectations?February 2, 2023 | finance.yahoo.comAlign Technology, Inc. (NASDAQ:ALGN) Q4 2022 Earnings Call TranscriptFebruary 2, 2023 | finance.yahoo.comInvisalign Maker Align Tech Catapults 27% On Its 'Rosy Vision' For 2023February 2, 2023 | benzinga.comHere's Why Align Technology Stock Is SoaringFebruary 2, 2023 | baystreet.caAlign Vault on Earnings BeatFebruary 1, 2023 | msn.comStocks making the biggest moves after hours: Meta, Align Technology, e.l.f Beauty and moreFebruary 1, 2023 | markets.businessinsider.comAlign Technology Inc. Q4 Profit Decreases, but beats estimatesSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 Company Calendar Last Earnings2/01/2023Today3/30/2023Next Earnings (Estimated)4/26/2023Fiscal 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$358.78 High Stock Price Forecast$418.00 Low Stock Price Forecast$307.00 Forecasted Upside/Downside+15.0%Consensus RatingModerate Buy Rating Score (0-4)2.78 Research Coverage9 Analysts Profitability EPS (Most Recent Fiscal Year)$4.61 Trailing P/E Ratio67.65 Forward P/E Ratio48.50 P/E Growth2.98Net Income$361.57 million Net Margins9.68% Pretax Margin16.04% Return on Equity11.90% Return on Assets7.34% Debt Debt-to-Equity RatioN/A Current Ratio1.26 Quick Ratio1.08 Sales & Book Value Annual Sales$3.73 billion Price / Sales6.40 Cash Flow$7.84 per share Price / Cash Flow39.79 Book Value$46.10 per share Price / Book6.76Miscellaneous Outstanding Shares76,610,000Free Float76,120,000Market Cap$23.89 billion OptionableOptionable Beta1.60 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 CompetitorsZimmer BiometNYSE:ZBHSTERISNYSE:STESmith & NephewNYSE:SNNEdwards LifesciencesNYSE:EWIntuitive SurgicalNASDAQ:ISRGView All CompetitorsInsiders & InstitutionsETF Managers Group LLCBought 59 shares on 3/23/2023Ownership: 0.002%Pictet North America Advisors SASold 735 shares on 3/22/2023Ownership: 0.010%Victory Capital Management Inc.Sold 51,368 shares on 3/10/2023Ownership: 0.325%Rockefeller Capital Management L.P.Sold 278 shares on 3/6/2023Ownership: 0.003%Loring Wolcott & Coolidge Fiduciary Advisors LLP MABought 5,514 shares on 3/2/2023Ownership: 0.312%View All Insider TransactionsView All Institutional Transactions ALGN Stock - Frequently Asked Questions Should I buy or sell Align Technology stock right now? 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Align Technology in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research 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? 9 equities research analysts have issued 12 month target prices for Align Technology's stock. Their ALGN share price forecasts range from $307.00 to $418.00. On average, they predict the company's share price to reach $358.78 in the next twelve months. This suggests a possible upside of 15.0% 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 beginning of the year. Since then, ALGN shares have increased by 47.9% and is now trading at $311.85. View the best growth stocks for 2023 here. Are investors shorting Align Technology? Align Technology saw a increase in short interest in March. As of March 15th, there was short interest totaling 2,670,000 shares, an increase of 9.9% from the February 28th total of 2,430,000 shares. Based on an average daily volume of 1,060,000 shares, the days-to-cover ratio is currently 2.5 days. Currently, 3.7% of the shares of the stock are sold short. 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, April 26th 2023. View our ALGN earnings forecast. How were Align Technology's earnings last quarter? Align Technology, Inc. (NASDAQ:ALGN) released its earnings results on Wednesday, February, 1st. The medical equipment provider reported $1.28 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.05. The medical equipment provider earned $901.52 million during the quarter, compared to the consensus estimate of $889.27 million. Align Technology had a trailing twelve-month return on equity of 11.90% and a net margin of 9.68%. 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), Invesco S&P 500 Equal Weight Health Care ETF (RYH), First Trust Indxx Medical Devices ETF (MDEV), First Trust NASDAQ 100 Ex-Technology Sector Index Fund (QQXT), AI Quality Growth ETF (AQGX), ROBO Global Healthcare Technology and Innovation ETF (HTEC) and 3D Printing ETF (PRNT). What guidance has Align Technology issued on next quarter's earnings? Align Technology updated its first quarter 2023 earnings guidance on Wednesday, February, 1st. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $901.51 million-$901.51 million, compared to the consensus revenue estimate of $889.51 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 institutional and retail investors. Top institutional investors include Edgewood Management LLC (4.36%), Sands Capital Management LLC (3.41%), Polen Capital Management LLC (2.14%), Price T Rowe Associates Inc. MD (2.09%), Geode Capital Management LLC (1.98%) and Brown Advisory Inc. (1.47%). 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, Robert E Fitzgerald, Simon Beard, Stuart A Hockridge, Thomas M Prescott, Vamsi Mohan Raj Pudipeddi, 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 $311.85. How much money does Align Technology make? Align Technology (NASDAQ:ALGN) has a market capitalization of $23.89 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 $4.61 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 3/30/2023 by MarketBeat.com Staff 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. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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