Equities research analysts at Stifel Nicolaus initiated coverage on shares of 908 Devices (NASDAQ:MASS) in a note issued to investors on Tuesday, AnalystRatings.net reports. The brokerage set a “buy” rating and a $65.00 price target on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 12.87% from the company’s previous close.
Separately, Cowen started coverage on shares of 908 Devices in a report on Tuesday. They set an “outperform” rating and a $74.00 price objective for the company.
908 Devices stock opened at $57.59 on Tuesday. 908 Devices has a 12-month low of $43.25 and a 12-month high of $74.00.
In related news, major shareholder Venture Fund Vii L.P. Arch acquired 300,000 shares of the business’s stock in a transaction on Tuesday, December 22nd. The stock was acquired at an average cost of $20.00 per share, with a total value of $6,000,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Michael S. Turner bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 22nd. The stock was acquired at an average cost of $20.00 per share, with a total value of $100,000.00. Following the completion of the acquisition, the vice president now owns 5,000 shares of the company’s stock, valued at approximately $100,000. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 355,000 shares of company stock valued at $7,100,000.
908 Devices Company Profile
There is no company description available for 908 Devices Inc.
Featured Story: What is a Secondary Public Offering?
Receive News & Ratings for 908 Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for 908 Devices and related companies with MarketBeat.com's FREE daily email newsletter.