Azenta (NASDAQ:AZTA) Raised to “Hold” at TD Cowen

TD Cowen upgraded shares of Azenta (NASDAQ:AZTA) to a hold rating in a research report sent to investors on Thursday morning,Zacks.com reports.

Other research analysts have also recently issued research reports about the company. Stephens reissued an “overweight” rating and issued a $60.00 price objective on shares of Azenta in a research report on Thursday, January 2nd. Needham & Company LLC boosted their price target on shares of Azenta from $55.00 to $59.00 and gave the stock a “buy” rating in a report on Thursday, February 6th. Finally, Evercore ISI increased their price target on shares of Azenta from $50.00 to $52.00 and gave the company an “in-line” rating in a research report on Thursday, February 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Azenta currently has an average rating of “Hold” and an average price target of $58.75.

Azenta Price Performance

AZTA opened at $43.62 on Thursday. Azenta has a fifty-two week low of $38.82 and a fifty-two week high of $67.77. The firm has a market capitalization of $1.99 billion, a P/E ratio of -14.64 and a beta of 1.47. The company’s 50-day moving average is $50.17 and its 200 day moving average is $47.75.

Azenta (NASDAQ:AZTA) last posted its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.05 by $0.03. Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. On average, equities research analysts expect that Azenta will post 0.53 earnings per share for the current year.

Institutional Trading of Azenta

A number of large investors have recently bought and sold shares of AZTA. Nisa Investment Advisors LLC grew its stake in shares of Azenta by 1.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 36,710 shares of the company’s stock worth $1,778,000 after acquiring an additional 700 shares during the period. Farther Finance Advisors LLC lifted its holdings in Azenta by 20.0% during the third quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company’s stock valued at $74,000 after purchasing an additional 256 shares during the last quarter. QRG Capital Management Inc. boosted its position in Azenta by 6.6% during the third quarter. QRG Capital Management Inc. now owns 6,156 shares of the company’s stock worth $298,000 after purchasing an additional 383 shares during the period. State of New Jersey Common Pension Fund D increased its stake in shares of Azenta by 9.5% in the third quarter. State of New Jersey Common Pension Fund D now owns 40,008 shares of the company’s stock worth $1,938,000 after purchasing an additional 3,469 shares in the last quarter. Finally, Versor Investments LP raised its position in shares of Azenta by 199.1% in the third quarter. Versor Investments LP now owns 15,697 shares of the company’s stock valued at $760,000 after purchasing an additional 10,449 shares during the period. 99.08% of the stock is owned by hedge funds and other institutional investors.

Azenta Company Profile

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.