Applied DNA Sciences Inc (NASDAQ:APDN) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokers have set a 12 month consensus target price of $5.00 for the company, according to Zacks. Zacks has also assigned Applied DNA Sciences an industry rank of 162 out of 255 based on the ratings given to related companies.
Several research firms have weighed in on APDN. Maxim Group reaffirmed a “buy” rating and set a $5.00 price objective on shares of Applied DNA Sciences in a research report on Tuesday, April 24th. ValuEngine raised Applied DNA Sciences from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd.
An institutional investor recently bought a new position in Applied DNA Sciences stock. CVI Holdings LLC acquired a new stake in shares of Applied DNA Sciences Inc (NASDAQ:APDN) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 578,141 shares of the technology company’s stock, valued at approximately $833,000. Applied DNA Sciences makes up about 1.1% of CVI Holdings LLC’s portfolio, making the stock its 19th biggest position. CVI Holdings LLC owned approximately 1.92% of Applied DNA Sciences at the end of the most recent quarter. 9.49% of the stock is owned by institutional investors and hedge funds.
Applied DNA Sciences Company Profile
Applied DNA Sciences, Inc provides biotechnology based security solutions for supply chain security, brand protection, and law enforcement applications in the United States, Europe, Asia, and internationally. The company's supply chain security and product authentication solutions include SigNature molecular tags that are ingredients used to fortify brand protection efforts and strengthen supply chain security, as well as mark, track, and convict criminals; SigNature T molecular tags, which are tagging and authentication systems for use in brand protection efforts and raw material source compliance programs; and fiberTyping, a test of native cotton fiber DNA.
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