Azenta, Inc. (NASDAQ:AZTA – Get Free Report) hit a new 52-week high during mid-day trading on Saturday. The company traded as high as $42.00 and last traded at $38.75, with a volume of 3357979 shares traded. The stock had previously closed at $34.48.
Analysts Set New Price Targets
AZTA has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $37.00 price objective on shares of Azenta in a research report on Monday, September 14th. Weiss Ratings raised Azenta from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Four 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’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $41.20.
Read Our Latest Stock Analysis on Azenta
Azenta Price Performance
Azenta (NASDAQ:AZTA – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $161.18 million during the quarter, compared to analyst estimates of $149.31 million.
Institutional Investors Weigh In On Azenta
Several large investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new position in shares of Azenta in the first quarter worth about $38,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Azenta during the 2nd quarter valued at approximately $39,000. Rockefeller Capital Management L.P. boosted its holdings in Azenta by 98.0% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,392 shares of the company’s stock worth $46,000 after buying an additional 689 shares during the period. Allworth Financial LP bought a new position in Azenta in the 2nd quarter worth approximately $48,000. Finally, KBC Group NV grew its stake in Azenta by 102.2% in the 1st quarter. KBC Group NV now owns 2,449 shares of the company’s stock valued at $52,000 after buying an additional 1,238 shares in the last quarter. Hedge funds and other institutional investors own 99.08% of the company’s stock.
About Azenta
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.
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