Duality Advisers LP Sells 1,244 Shares of Azenta, Inc. (NASDAQ:AZTA)

Duality Advisers LP lowered its position in Azenta, Inc. (NASDAQ:AZTA) by 5.8% in the 1st quarter, Holdings Channel reports. The fund owned 20,163 shares of the company’s stock after selling 1,244 shares during the quarter. Duality Advisers LP’s holdings in Azenta were worth $1,215,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AZTA. Principal Securities Inc. bought a new position in Azenta during the 4th quarter valued at approximately $36,000. Benjamin F. Edwards & Company Inc. bought a new position in Azenta during the 1st quarter valued at approximately $38,000. Northwest Financial Advisors bought a new position in Azenta during the 4th quarter valued at approximately $46,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in Azenta during the 1st quarter valued at approximately $49,000. Finally, Headlands Technologies LLC increased its position in Azenta by 35.6% during the 4th quarter. Headlands Technologies LLC now owns 883 shares of the company’s stock valued at $58,000 after buying an additional 232 shares in the last quarter. Institutional investors own 99.08% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on AZTA. Jefferies Financial Group began coverage on Azenta in a research report on Thursday, April 4th. They set a “hold” rating and a $64.00 price objective for the company. Evercore ISI raised their price objective on Azenta from $52.00 to $53.00 and gave the company an “in-line” rating in a research report on Tuesday, July 2nd. Finally, Needham & Company LLC reduced their target price on Azenta from $75.00 to $69.00 and set a “buy” rating for the company in a report on Thursday, May 9th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $67.00.

Azenta Stock Performance

Shares of AZTA stock traded up $0.85 on Friday, reaching $53.67. The stock had a trading volume of 407,194 shares, compared to its average volume of 466,950. The stock has a market cap of $2.89 billion, a P/E ratio of -19.79 and a beta of 1.51. Azenta, Inc. has a 1 year low of $43.43 and a 1 year high of $69.16. The company has a 50 day simple moving average of $52.76 and a 200 day simple moving average of $58.53.

Azenta (NASDAQ:AZTA) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. Azenta had a positive return on equity of 0.81% and a negative net margin of 23.12%. The business had revenue of $159.13 million for the quarter, compared to the consensus estimate of $159.89 million. During the same period in the previous year, the business earned ($0.06) earnings per share. The business’s revenue was up 7.2% on a year-over-year basis. On average, equities research analysts anticipate that Azenta, Inc. will post 0.3 earnings per share for the current fiscal year.

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.