Polarityte Inc (NASDAQ:COOL) – Analysts at Cantor Fitzgerald cut their FY2018 EPS estimates for Polarityte in a research report issued on Tuesday, May 22nd. Cantor Fitzgerald analyst E. Piros now anticipates that the company will post earnings of ($3.54) per share for the year, down from their prior estimate of ($3.39). Cantor Fitzgerald has a “Buy” rating and a $70.00 price objective on the stock.
A number of other research firms also recently weighed in on COOL. BidaskClub raised Polarityte from a “hold” rating to a “buy” rating in a report on Wednesday, May 16th. Zacks Investment Research downgraded Polarityte from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, ValuEngine raised Polarityte from a “sell” rating to a “hold” rating in a report on Friday, February 2nd.
Shares of Polarityte opened at $26.23 on Thursday, Marketbeat Ratings reports. Polarityte has a 1 year low of $15.21 and a 1 year high of $32.63.
In other news, major shareholder Barry C. Honig bought 15,400 shares of the stock in a transaction on Monday, February 26th. The shares were bought at an average price of $17.62 per share, with a total value of $271,348.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Barry C. Honig bought 18,402 shares of the stock in a transaction on Thursday, March 15th. The stock was purchased at an average cost of $17.65 per share, for a total transaction of $324,795.30. The disclosure for this purchase can be found here. In the last three months, insiders acquired 36,802 shares of company stock worth $645,853. 59.91% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Ardsley Advisory Partners bought a new position in Polarityte in the fourth quarter valued at about $327,000. Wells Fargo & Company MN raised its stake in shares of Polarityte by 265.8% in the fourth quarter. Wells Fargo & Company MN now owns 16,825 shares of the company’s stock worth $391,000 after buying an additional 12,225 shares during the period. Advisor Group Inc. raised its stake in shares of Polarityte by 133.6% in the fourth quarter. Advisor Group Inc. now owns 49,180 shares of the company’s stock worth $1,141,000 after buying an additional 28,130 shares during the period. Gilder Gagnon Howe & Co. LLC bought a new position in shares of Polarityte in the fourth quarter worth about $1,507,000. Finally, Millennium Management LLC bought a new position in shares of Polarityte in the fourth quarter worth about $3,057,000. 5.88% of the stock is currently owned by institutional investors.
Polarityte Company Profile
PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.
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