Intersect ENT (NASDAQ:XENT)‘s stock had its “buy” rating reiterated by equities research analysts at Guggenheim in a research report issued on Friday. They presently have a $41.00 price objective on the medical equipment provider’s stock. Guggenheim’s target price would suggest a potential upside of 28.73% from the company’s previous close.
Other equities analysts also recently issued research reports about the stock. Northland Securities reissued a “hold” rating and issued a $25.00 price objective on shares of Intersect ENT in a research note on Friday, November 3rd. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $35.00 price target on shares of Intersect ENT in a report on Tuesday, August 22nd. Canaccord Genuity reaffirmed a “buy” rating and issued a $36.00 price target on shares of Intersect ENT in a report on Monday. BidaskClub lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Finally, BTIG Research reaffirmed a “hold” rating on shares of Intersect ENT in a report on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $33.38.
Intersect ENT (NASDAQ:XENT) opened at $31.85 on Friday. Intersect ENT has a 12 month low of $11.00 and a 12 month high of $34.40.
Intersect ENT (NASDAQ:XENT) last issued its quarterly earnings data on Thursday, November 2nd. The medical equipment provider reported ($0.15) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. The company had revenue of $22.31 million during the quarter, compared to the consensus estimate of $21.53 million. Intersect ENT had a negative net margin of 19.81% and a negative return on equity of 15.96%. Intersect ENT’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.22) earnings per share. research analysts anticipate that Intersect ENT will post -0.63 earnings per share for the current fiscal year.
In other Intersect ENT news, General Counsel David Aaron Lehman sold 36,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $32.75, for a total value of $1,179,000.00. Following the sale, the general counsel now directly owns 45,000 shares of the company’s stock, valued at $1,473,750. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frederic H. Moll sold 6,700 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $28.77, for a total transaction of $192,759.00. Following the completion of the sale, the director now directly owns 247,124 shares in the company, valued at $7,109,757.48. The disclosure for this sale can be found here. Insiders have sold 129,838 shares of company stock worth $3,892,610 over the last three months. Corporate insiders own 13.70% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Legal & General Group Plc boosted its holdings in Intersect ENT by 3.8% in the second quarter. Legal & General Group Plc now owns 6,939 shares of the medical equipment provider’s stock valued at $193,000 after purchasing an additional 255 shares during the last quarter. Voya Investment Management LLC raised its position in shares of Intersect ENT by 9.7% in the second quarter. Voya Investment Management LLC now owns 12,724 shares of the medical equipment provider’s stock worth $356,000 after acquiring an additional 1,128 shares during the period. Rhumbline Advisers raised its position in shares of Intersect ENT by 5.9% in the second quarter. Rhumbline Advisers now owns 29,396 shares of the medical equipment provider’s stock worth $822,000 after acquiring an additional 1,625 shares during the period. EAM Investors LLC raised its position in shares of Intersect ENT by 1.1% in the third quarter. EAM Investors LLC now owns 164,267 shares of the medical equipment provider’s stock worth $5,117,000 after acquiring an additional 1,776 shares during the period. Finally, Teachers Advisors LLC raised its position in shares of Intersect ENT by 3.5% in the first quarter. Teachers Advisors LLC now owns 61,858 shares of the medical equipment provider’s stock worth $1,061,000 after acquiring an additional 2,084 shares during the period. 86.31% of the stock is currently owned by institutional investors.
About Intersect ENT
Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.
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