BioLife Solutions (BLFS) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BioLife Solutions in the last year. There are currently 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BLFS shares.
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5 equities research analysts have issued 1 year price targets for BioLife Solutions' stock. Their BLFS share price forecasts range from $22.00 to $28.00. On average, they predict the company's share price to reach $24.60 in the next twelve months. This suggests a possible upside of 87.1% from the stock's current price.
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BioLife Solutions' stock was trading at $18.20 at the start of the year. Since then, BLFS shares have decreased by 27.7% and is now trading at $13.15.
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BioLife Solutions saw a increase in short interest in August. As of August 31st, there was short interest totaling 3,170,000 shares, an increase of 5.3% from the August 15th total of 3,010,000 shares. Based on an average daily trading volume, of 430,800 shares, the days-to-cover ratio is currently 7.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
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BioLife Solutions, Inc. (NASDAQ:BLFS) issued its quarterly earnings results on Tuesday, August, 8th. The medical equipment provider reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.22. The medical equipment provider had revenue of $39.51 million for the quarter, compared to analyst estimates of $43.93 million. BioLife Solutions had a negative net margin of 51.20% and a negative trailing twelve-month return on equity of 9.87%.

BioLife Solutions issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $144.00 million-$158.00 million, compared to the consensus revenue estimate of $186.31 million.

14 employees have rated BioLife Solutions Chief Executive Officer Mike Rice on Glassdoor.com. Mike Rice has an approval rating of 100% among the company's employees. This puts Mike Rice in the top 10% of approval ratings compared to other CEOs of publicly-traded companies. 89.0% of employees surveyed would recommend working at BioLife Solutions to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other BioLife Solutions investors own include Micron Technology (MU), AbbVie (ABBV), Cara Therapeutics (CARA), Gilead Sciences (GILD), Pfizer (PFE), Rigel Pharmaceuticals (RIGL), Sorrento Therapeutics (SRNE), Twilio (TWLO) and Verastem (VSTM).

BioLife Solutions trades on the NASDAQ under the ticker symbol "BLFS."

BioLife Solutions' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Casdin Capital LLC (17.75%), BlackRock Inc. (12.33%), Geneva Capital Management LLC (3.59%), State Street Corp (2.65%), Palisade Capital Management LP (2.61%) and Granahan Investment Management LLC (2.17%). Insiders that own company stock include Aby J Mathew, Aby J Mathew, Amy Duross, Andrew G Hinson, Andrew G Hinson, Casdin Partners Master Fund, L, Geraint Phillips, Greef Roderick De, Joseph C Schick, Karen A Foster, Karen A Foster, Marcus Schulz, Michael Rice, Of The University Of C Regents, Raymond W Cohen, Sarah Aebersold, Todd Berard, Troy Wichterman and Walter Villiger.
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Shares of BLFS 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.
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One share of BLFS stock can currently be purchased for approximately $13.15.

BioLife Solutions (NASDAQ:BLFS) has a market capitalization of $571.89 million and generates $161.76 million in revenue each year. The medical equipment provider earns $-139,800,000.00 in net income (profit) each year or ($1.93) on an earnings per share basis.

The company employs 466 workers across the globe.

BioLife Solutions' mailing address is 3303 MONTE VILLA PARKWAY SUITE 310, BOTHELL WA, 98021. The official website for the company is www.biolifesolutions.com. The medical equipment provider can be reached via phone at (425) 402-1400, via email at rdegreef@biolifesolutions.com, or via fax at 425-402-1433.