Azenta (NASDAQ:AZTA) Price Target Increased to $53.00 by Analysts at Evercore ISI

Azenta (NASDAQ:AZTA) had its target price boosted by Evercore ISI from $52.00 to $53.00 in a research report report published on Tuesday morning, Benzinga reports. They currently have an in-line rating on the stock.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC reduced their price objective on Azenta from $75.00 to $69.00 and set a buy rating on the stock in a research report on Thursday, May 9th. Jefferies Financial Group started coverage on Azenta in a report on Thursday, April 4th. They set a hold rating and a $64.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Azenta has an average rating of Hold and a consensus target price of $67.00.

Azenta Trading Up 0.8 %

AZTA stock opened at $51.95 on Tuesday. The stock has a market capitalization of $2.80 billion, a P/E ratio of -19.17 and a beta of 1.51. The firm has a 50-day moving average price of $52.81 and a 200-day moving average price of $58.93. Azenta has a 12 month low of $43.43 and a 12 month high of $69.16.

Azenta (NASDAQ:AZTA) last issued its earnings results on Wednesday, May 8th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $159.13 million for the quarter, compared to analyst estimates of $159.89 million. Azenta had a negative net margin of 23.12% and a positive return on equity of 0.81%. The company’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted ($0.06) earnings per share. As a group, equities analysts predict that Azenta will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Azenta

A number of hedge funds have recently bought and sold shares of AZTA. Dimensional Fund Advisors LP increased its holdings in Azenta by 31.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,231,792 shares of the company’s stock worth $145,382,000 after purchasing an additional 530,408 shares in the last quarter. Norges Bank acquired a new position in shares of Azenta during the 4th quarter valued at $140,856,000. Conestoga Capital Advisors LLC lifted its position in shares of Azenta by 13.4% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,291,284 shares of the company’s stock valued at $84,114,000 after acquiring an additional 152,090 shares during the period. Stephens Investment Management Group LLC boosted its stake in Azenta by 1.7% during the fourth quarter. Stephens Investment Management Group LLC now owns 887,158 shares of the company’s stock worth $57,789,000 after acquiring an additional 14,626 shares in the last quarter. Finally, Schroder Investment Management Group grew its holdings in Azenta by 14.6% in the fourth quarter. Schroder Investment Management Group now owns 625,515 shares of the company’s stock worth $40,746,000 after purchasing an additional 79,913 shares during the period. Institutional investors own 99.08% of the company’s stock.

About Azenta

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.