Azenta, Inc. (NASDAQ:AZTA) Stock Now Rated “Hold” by Sell-Side Analysts

Azenta, Inc. (NASDAQ:AZTA) has been given a consensus rating of “Hold” by the seven analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $41.20.

A number of analysts recently commented on AZTA shares. Weiss Ratings upgraded shares of Azenta from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Wall Street Zen downgraded shares of Azenta from a “buy” rating to a “hold” rating in a research note on Sunday, October 18th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $37.00 target price on shares of Azenta in a report on Monday, September 14th.

Institutional Investors Weigh In On Azenta

Several large investors have recently added to or reduced their stakes in AZTA. Green Alpha Advisors LLC grew its position in shares of Azenta by 3.5% during the third quarter. Green Alpha Advisors LLC now owns 9,187 shares of the company’s stock worth $321,000 after purchasing an additional 313 shares in the last quarter. Allworth Financial LP boosted its position in Azenta by 27.9% during the 3rd quarter. Allworth Financial LP now owns 2,421 shares of the company’s stock valued at $84,000 after purchasing an additional 528 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of Azenta by 2.8% during the 3rd quarter. Illinois Municipal Retirement Fund now owns 22,864 shares of the company’s stock valued at $798,000 after acquiring an additional 620 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Azenta by 98.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,392 shares of the company’s stock valued at $46,000 after acquiring an additional 689 shares during the period. Finally, Heritage Family Offices LLP bought a new stake in Azenta in the 3rd quarter valued at approximately $31,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Azenta Trading Up 4.8%

Shares of AZTA stock opened at $39.16 on Friday. Azenta has a twelve month low of $15.93 and a twelve month high of $46.41. The company has a market capitalization of $1.72 billion, a P/E ratio of -14.19 and a beta of 1.47. The business’s 50 day moving average is $35.32 and its two-hundred day moving average is $28.47.

Azenta (NASDAQ:AZTA) last released its earnings results on Tuesday, August 4th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $149.31 million.

Azenta Company Profile

Azenta, Inc 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, biotechnology, academic, and clinical research organizations throughout the sample lifecycle, from collection and processing to long-term storage and retrieval.

The company’s portfolio includes automated and ultra-low-temperature sample storage systems, laboratory automation equipment, consumables, and software for sample tracking and management.