Azenta (NASDAQ:AZTA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Azenta (NASDAQ:AZTA) from a hold rating to a buy rating in a report issued on Saturday,Wall Street Zen reports.

Several other analysts have also recently weighed in on the company. Needham & Company LLC reissued a “buy” rating and set a $37.00 price target on shares of Azenta in a report on Monday, September 14th. Weiss Ratings upgraded Azenta from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.20.

Azenta Stock Up 0.1%

Azenta stock opened at $37.77 on Friday. The stock has a market cap of $1.65 billion, a P/E ratio of -13.68 and a beta of 1.52. Azenta has a twelve month low of $15.93 and a twelve month high of $46.41. The company’s 50-day moving average price is $33.76 and its two-hundred day moving average price is $27.05.

Azenta (NASDAQ:AZTA) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.05. Azenta had a negative net margin of 20.63% and a positive return on equity of 1.18%. The firm had revenue of $161.18 million during the quarter, compared to the consensus estimate of $149.31 million.

Institutional Investors Weigh In On Azenta

Several institutional investors have recently made changes to their positions in the stock. State of Wyoming acquired a new position in Azenta in the 1st quarter valued at $38,000. Integrated Wealth Concepts LLC acquired a new stake in shares of Azenta during the 2nd quarter worth $39,000. Rockefeller Capital Management L.P. grew its holdings in shares of Azenta by 98.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,392 shares of the company’s stock worth $46,000 after purchasing an additional 689 shares in the last quarter. Allworth Financial LP acquired a new stake in shares of Azenta during the 2nd quarter worth $48,000. Finally, KBC Group NV increased its position in shares of Azenta by 102.2% in the first quarter. KBC Group NV now owns 2,449 shares of the company’s stock worth $52,000 after purchasing an additional 1,238 shares during the period. 99.08% of the stock is currently owned by institutional investors.

About Azenta

Azenta, Inc (NASDAQ: AZTA) is a life sciences company that provides products and services for the management, storage, and analysis of biological and chemical samples. Its offerings support pharmaceutical and biotechnology companies, academic and government research institutions, clinical research organizations, and other laboratories.

The company’s products include automated sample storage systems, laboratory automation equipment, sample-management software, consumables, and cold-storage solutions designed to preserve and track biological materials.