The stock of Azenta Inc. (NASDAQ:AZTA) last traded at $56.49, up 0.11% from the previous session.
Data from the available sources indicates that Azenta Inc. (NASDAQ:AZTA) is covered by 6 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $55.00, we find $58.00. Given the previous closing price of $56.43, this indicates a potential upside of 2.78 percent. AZTA stock price is now 14.45% away from the 50-day moving average and 14.49% away from the 200-day moving average. The market capitalization of the company currently stands at $3.39B.
In total, 4 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $59.75 as their price target over the next twelve months.
In other news, Gray David C, Chief Strategy & New Business sold 10,877 shares of the company’s stock on Aug 11. The stock was sold for $609,438 at an average price of $56.03. Upon completion of the transaction, the Chief Strategy & New Business now directly owns 77,042 shares in the company, valued at $4.35 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 10, Chief Strategy & New Business Gray David C sold 4,311 shares of the business’s stock. A total of $246,762 was realized by selling the stock at an average price of $57.24. This leaves the insider owning 87,919 shares of the company worth $4.97 million. Insiders disposed of 74,493 shares of company stock worth roughly $4.21 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in AZTA stock. A new stake in Azenta Inc. shares was purchased by POLITAN CAPITAL MANAGEMENT LP during the first quarter worth $112,980,000. HUDSON BAY CAPITAL MANAGEMENT LP invested $93,209,000 in shares of AZTA during the first quarter. In the first quarter, HSBC HOLDINGS PLC acquired a new stake in Azenta Inc. valued at approximately $33,442,000. TORONTO DOMINION BANK acquired a new stake in AZTA for approximately $13,558,000. BRANDYWINE GLOBAL INVESTMENT MANAGEMENT, LLC purchased a new stake in AZTA valued at around $9,658,000 in the second quarter. In total, there are 455 active investors with 106.92% ownership of the company’s stock.
With an opening price of $56.92 on Friday morning, Azenta Inc. (NASDAQ: AZTA) set off the trading day. During the past 12 months, Azenta Inc. has had a low of $36.01 and a high of $63.60. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.40, and a quick ratio of 6.70. The fifty day moving average price for AZTA is $49.59 and a two-hundred day moving average price translates $49.39 for the stock.
The latest earnings results from Azenta Inc. (NASDAQ: AZTA) was released for Jun, 2023. According to the Medical Instruments & Supplies Company, earnings per share came in at $0.13, beating analysts’ expectations of -$0.02 by 0.15. This compares to -$0.03 EPS in the same period last year. The net profit margin was -6.10% and return on equity was -1.30% for AZTA. The company reported revenue of $165.95 million for the quarter, compared to $132.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 25.02 percent. For the current quarter, analysts expect AZTA to generate $163.74M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/23/2021. Investors who held shares on 12/03/2021 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 0.71% percent yield. There was an ex-dividend date of 12/02/2021 for this dividend.
Azenta Inc.(AZTA) Company Profile
Azenta, Inc. provides life science sample exploration and management solutions for the life sciences market in North America, Europe, China, the Asia Pacific, and internationally. The company operates through two reportable segments, Life Sciences Products and Life Sciences Services. The Life Sciences Products segment offers automated cold sample management systems for compound and biological sample storage; equipment for sample preparation and handling; consumables; and instruments that help customers in managing samples throughout their research discovery and development workflows. The Life Sciences Services segment provides comprehensive sample management programs, integrated cold chain solutions, informatics, and sample-based laboratory services to advance scientific research and support drug development. This segment’s services include sample storage, genomic sequencing, gene synthesis, laboratory processing, laboratory analysis, biospecimen procurement, and other support services. It serves a range of life science customers, including pharmaceutical companies, biotechnology companies, biorepositories, and research institutes. The company was formerly known as Brooks Automation, Inc. and changed its name to Azenta, Inc. in December 2021. Azenta, Inc. was founded in 1978 and is headquartered in Burlington, Massachusetts.
