Shares of Azenta, Inc. (NASDAQ:AZTA – Get Rating) have received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $66.80.
A number of equities research analysts have recently commented on AZTA shares. B. Riley lowered their price objective on Azenta from $77.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, February 10th. Stephens downgraded Azenta from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $65.00 to $60.00 in a research report on Thursday, February 9th. TheStreet raised Azenta from a “d+” rating to a “c-” rating in a research report on Tuesday, December 13th. Finally, Needham & Company LLC lowered their price target on Azenta from $78.00 to $68.00 in a research report on Thursday, February 9th.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in shares of Azenta by 1.8% during the third quarter. Vanguard Group Inc. now owns 7,070,612 shares of the company’s stock worth $303,047,000 after purchasing an additional 127,923 shares in the last quarter. BlackRock Inc. grew its holdings in Azenta by 1.6% in the 3rd quarter. BlackRock Inc. now owns 7,035,616 shares of the company’s stock worth $301,546,000 after buying an additional 113,395 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Azenta by 9.6% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,572,250 shares of the company’s stock worth $195,966,000 after buying an additional 401,828 shares in the last quarter. William Blair Investment Management LLC bought a new position in Azenta in the 2nd quarter worth approximately $232,008,000. Finally, Artisan Partners Limited Partnership acquired a new stake in Azenta in the second quarter worth approximately $221,422,000. Institutional investors and hedge funds own 96.42% of the company’s stock.
Azenta Stock Performance
Azenta (NASDAQ:AZTA – Get Rating) last released its quarterly earnings results on Wednesday, February 8th. The company reported $0.12 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.07. The company had revenue of $178.00 million during the quarter, compared to the consensus estimate of $181.38 million. Azenta had a return on equity of 1.17% and a net margin of 349.08%. Azenta’s revenue was up 27.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share. On average, analysts forecast that Azenta will post 0.38 EPS for the current fiscal year.
Azenta Company Profile
Azenta, Inc is a provider of life sciences sample exploration and management solutions for the life sciences market. It operates through the Life Sciences Products and Life Sciences Services segments. The Life Sciences Products segment is involved in automated cold storage solutions for biological and chemical compound samples.
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