Zacks: Analysts Set $5.00 Price Target for Applied DNA Sciences Inc (APDN)

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.

Applied DNA Sciences remained flat at $$1.50 during trading hours on Tuesday, MarketBeat reports. The company’s stock had a trading volume of 84,137 shares, compared to its average volume of 52,545. Applied DNA Sciences has a fifty-two week low of $1.21 and a fifty-two week high of $3.45.

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.

Recommended Story: Price to Earnings Ratio (PE)

Get a free copy of the Zacks research report on Applied DNA Sciences (APDN)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Applied DNA Sciences Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied DNA Sciences and related companies with's FREE daily email newsletter.

Leave a Reply