Wellington Management Group LLP grew its position in TransMedics Group, Inc. (NASDAQ:TMDX – Free Report) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 515,973 shares of the company’s stock after buying an additional 29,500 shares during the quarter. Wellington Management Group LLP owned approximately 1.49% of TransMedics Group worth $34,271,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of TransMedics Group in the 3rd quarter valued at approximately $29,000. Allworth Financial LP raised its stake in TransMedics Group by 74.3% during the 3rd quarter. Allworth Financial LP now owns 265 shares of the company’s stock valued at $30,000 after purchasing an additional 113 shares during the period. Parallel Advisors LLC lifted its holdings in shares of TransMedics Group by 42.1% in the fourth quarter. Parallel Advisors LLC now owns 280 shares of the company’s stock valued at $34,000 after purchasing an additional 83 shares in the last quarter. Ascentis Independent Advisors acquired a new stake in shares of TransMedics Group in the first quarter worth $30,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of TransMedics Group in the first quarter worth $30,000. 99.67% of the stock is owned by hedge funds and other institutional investors.
TransMedics Group Price Performance
Shares of NASDAQ:TMDX opened at $89.98 on Friday. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 23.13 and a beta of 1.90. TransMedics Group, Inc. has a 1 year low of $60.10 and a 1 year high of $156.00. The company has a current ratio of 6.62, a quick ratio of 6.07 and a debt-to-equity ratio of 1.62. The business has a fifty day simple moving average of $80.14 and a 200 day simple moving average of $92.21.
Analysts Set New Price Targets
TMDX has been the topic of several recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $100.00 price target (down from $120.00) on shares of TransMedics Group in a research report on Wednesday, August 5th. Weiss Ratings upgraded TransMedics Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday. UBS Group lowered their target price on TransMedics Group from $80.00 to $77.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Stifel Nicolaus increased their price target on shares of TransMedics Group from $75.00 to $80.00 and gave the stock a “hold” rating in a research report on Thursday, June 18th. Finally, Zacks Research lowered shares of TransMedics Group from a “hold” rating to a “strong sell” rating in a research report on Monday, July 6th. Six analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $124.18.
Read Our Latest Research Report on TMDX
Insider Activity at TransMedics Group
In related news, Director Thomas J. Gunderson sold 9,624 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $75.06, for a total value of $722,377.44. Following the completion of the sale, the director owned 16,642 shares of the company’s stock, valued at approximately $1,249,148.52. The trade was a 36.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 6.90% of the company’s stock.
TransMedics Group Profile
TransMedics Group, Inc is a medical device company headquartered in Andover, Massachusetts, that specializes in advanced organ preservation and transport systems for transplantation. The company’s flagship technology, the Organ Care System (OCS), maintains donor organs in a near-physiologic, warm, beating state during transportation, with the aim of extending preservation times and improving post‐transplant outcomes. TransMedics’ solutions address a critical need in transplantation by reducing ischemic injury and expanding the donor organ pool.
TransMedics currently markets two commercially available OCS platforms.
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