Polarityte Inc (NASDAQ:COOL) – Equities research analysts at Cantor Fitzgerald issued their FY2018 earnings per share (EPS) estimates for Polarityte in a research note issued to investors on Thursday. Cantor Fitzgerald analyst E. Piros anticipates that the company will post earnings of ($5.12) per share for the year. Cantor Fitzgerald has a “Overweight” rating and a $70.00 price target on the stock. Cantor Fitzgerald also issued estimates for Polarityte’s FY2019 earnings at ($3.15) EPS.
Separately, ValuEngine raised shares of Polarityte from a “sell” rating to a “hold” rating in a report on Friday, February 2nd.
Polarityte (NASDAQ COOL) traded down $1.37 during mid-day trading on Monday, reaching $21.22. 205,900 shares of the company’s stock were exchanged, compared to its average volume of 121,547. Polarityte has a 12 month low of $5.61 and a 12 month high of $32.63.
A number of hedge funds have recently added to or reduced their stakes in the business. Wells Fargo & Company MN raised its holdings in Polarityte by 41.3% during the second quarter. Wells Fargo & Company MN now owns 5,650 shares of the company’s stock worth $131,000 after purchasing an additional 1,650 shares in the last quarter. Ardsley Advisory Partners acquired a new stake in Polarityte during the fourth quarter worth approximately $327,000. Advisor Group Inc. raised its holdings in Polarityte by 133.6% during the fourth quarter. Advisor Group Inc. now owns 49,180 shares of the company’s stock worth $1,141,000 after purchasing an additional 28,130 shares in the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new stake in Polarityte during the fourth quarter worth approximately $1,507,000. Finally, Millennium Management LLC acquired a new stake in Polarityte during the fourth quarter worth approximately $3,057,000. 8.68% of the stock is currently owned by institutional investors.
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PolarityTE, Inc, formerly Majesco Entertainment Company, is the owner of patent applications and know-how related to regenerative medicine and tissue engineering, as well as software applications used in diagnosis and treatment related to regenerative medicine. The Company seeks to develop and obtain regulatory approval for technology that will utilize a patient’s own tissue substrates for the regeneration of skin, bone, muscle, cartilage, fat, blood vessels and nerves.
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