AxoGen Target of Unusually High Options Trading (AXGN)

AxoGen, Inc (NASDAQ:AXGN) was the target of some unusual options trading on Wednesday. Stock investors acquired 2,749 put options on the company. This is an increase of 2,290% compared to the average volume of 115 put options.

Several hedge funds have recently modified their holdings of AXGN. Advisor Group Inc. grew its holdings in AxoGen by 130.3% in the 1st quarter. Advisor Group Inc. now owns 1,368 shares of the medical equipment provider’s stock valued at $28,000 after buying an additional 774 shares during the last quarter. Quantamental Technologies LLC grew its holdings in AxoGen by 108.3% in the 1st quarter. Quantamental Technologies LLC now owns 1,431 shares of the medical equipment provider’s stock valued at $30,000 after buying an additional 744 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in AxoGen in the 4th quarter valued at approximately $77,000. NumerixS Investment Technologies Inc acquired a new stake in AxoGen in the 4th quarter valued at approximately $131,000. Finally, BNP Paribas Arbitrage SA grew its holdings in AxoGen by 8,717.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,054 shares of the medical equipment provider’s stock valued at $149,000 after buying an additional 6,974 shares during the last quarter. 89.10% of the stock is currently owned by institutional investors and hedge funds.

Shares of AXGN stock opened at $23.92 on Friday. AxoGen has a twelve month low of $14.13 and a twelve month high of $56.85. The company has a market capitalization of $931.56 million, a P/E ratio of -44.30 and a beta of 0.20.



AxoGen (NASDAQ:AXGN) last issued its quarterly earnings data on Wednesday, May 8th. The medical equipment provider reported ($0.21) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.20) by ($0.01). AxoGen had a negative net margin of 26.68% and a negative return on equity of 15.77%. The company had revenue of $23.30 million during the quarter, compared to the consensus estimate of $22.33 million. During the same period in the previous year, the business posted ($0.11) earnings per share. The firm’s revenue was up 34.7% on a year-over-year basis. On average, research analysts predict that AxoGen will post -0.61 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on AXGN. Cantor Fitzgerald set a $26.00 price objective on AxoGen and gave the company a “buy” rating in a research note on Monday, April 22nd. BidaskClub raised AxoGen from a “hold” rating to a “buy” rating in a research note on Saturday, May 4th. BTIG Research raised AxoGen from a “neutral” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Monday, March 25th. Finally, ValuEngine raised AxoGen from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Five research analysts have rated the stock with a buy rating, AxoGen presently has a consensus rating of “Buy” and a consensus target price of $37.67.

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About AxoGen

AxoGen, Inc develops and markets surgical solutions for peripheral nerve injuries. The company's surgical solutions include Avance Nerve Graft, an off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site; AxoGuard Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed nerves; and AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect damaged peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments.

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