Azenta (NASDAQ:AZTA) Shares Down 9.3% – Here’s What Happened

Posted by Francis Steltz on Oct 16th, 2026

Azenta, Inc. (NASDAQ:AZTA – Get Free Report)’s share price dropped 9.3% on Friday. The stock traded as low as $33.20 and last traded at $33.1190. 462,967 shares changed hands during mid-day trading, a decline of 51% from the average daily volume of 940,976 shares. The stock had previously closed at $36.52.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $37.00 price target on shares of Azenta in a research note on Monday, September 14th. Weiss Ratings raised shares of Azenta from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, August 26th. Finally, Wall Street Zen raised shares of Azenta from a “hold” rating to a “buy” rating in a research report on Saturday, October 10th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $41.20.

Get Our Latest Stock Analysis on AZTA

Azenta Stock Performance

The stock’s 50-day moving average is $34.14 and its 200 day moving average is $27.40. The stock has a market capitalization of $1.48 billion, a PE ratio of -12.24 and a beta of 1.52.

Azenta (NASDAQ:AZTA – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.05. Azenta had a negative net margin of 20.63% and a positive return on equity of 1.18%. The firm had revenue of $161.18 million during the quarter, compared to analysts’ expectations of $149.31 million.

Institutional Trading of Azenta

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. purchased a new position in Azenta in the 3rd quarter valued at approximately $3,475,000. Legacy Wealth Asset Management LLC acquired a new position in Azenta during the third quarter worth $246,000. GAMMA Investing LLC boosted its position in Azenta by 43.8% during the third quarter. GAMMA Investing LLC now owns 4,454 shares of the company’s stock worth $155,000 after purchasing an additional 1,357 shares in the last quarter. Green Alpha Advisors LLC boosted its position in Azenta by 3.5% during the third quarter. Green Alpha Advisors LLC now owns 9,187 shares of the company’s stock worth $321,000 after purchasing an additional 313 shares in the last quarter. Finally, Integrated Wealth Concepts LLC purchased a new stake in Azenta during the second quarter worth $39,000. Institutional investors and hedge funds own 99.08% of the company’s stock.

Azenta Company Profile

(Get Free Report)

Azenta, Inc (NASDAQ: AZTA) is a life sciences company that provides products and services for the management, storage, and analysis of biological and chemical samples. Its offerings support pharmaceutical and biotechnology companies, academic and government research institutions, clinical research organizations, and other laboratories.

The company’s products include automated sample storage systems, laboratory automation equipment, sample-management software, consumables, and cold-storage solutions designed to preserve and track biological materials.