Thorne HealthTech (NASDAQ:THRN) Releases FY 2022 Earnings Guidance

Thorne HealthTech (NASDAQ:THRNGet Rating) issued an update on its FY 2022 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.28-$0.30 for the period, compared to the consensus estimate of $0.31. The company issued revenue guidance of $240.00 million-$250.00 million, compared to the consensus revenue estimate of $249.14 million.

NASDAQ THRN traded up $0.52 on Thursday, hitting $6.78. 881 shares of the company’s stock traded hands, compared to its average volume of 94,228. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.34 and a current ratio of 3.93. Thorne HealthTech has a 1-year low of $4.17 and a 1-year high of $10.13. The firm’s 50-day moving average price is $6.15 and its two-hundred day moving average price is $6.46.

Thorne HealthTech (NASDAQ:THRNGet Rating) last announced its quarterly earnings data on Monday, March 14th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.06). The business had revenue of $49.86 million for the quarter. As a group, analysts predict that Thorne HealthTech will post 0.32 earnings per share for the current year.

Separately, Zacks Investment Research cut shares of Thorne HealthTech from a buy rating to a hold rating in a research note on Thursday, January 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Buy and an average price target of $10.60.

In other news, Director Saloni S. Varma bought 9,223 shares of the firm’s stock in a transaction that occurred on Wednesday, March 23rd. The stock was purchased at an average cost of $6.01 per share, for a total transaction of $55,430.23. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

A number of hedge funds and other institutional investors have recently modified their holdings of THRN. Deutsche Bank AG purchased a new stake in Thorne HealthTech in the 4th quarter worth $25,000. Wells Fargo & Company MN purchased a new stake in shares of Thorne HealthTech during the fourth quarter worth $26,000. Nuveen Asset Management LLC acquired a new stake in shares of Thorne HealthTech in the fourth quarter valued at about $65,000. JPMorgan Chase & Co. lifted its stake in shares of Thorne HealthTech by 261.5% in the first quarter. JPMorgan Chase & Co. now owns 13,116 shares of the company’s stock worth $83,000 after buying an additional 9,488 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new position in shares of Thorne HealthTech in the fourth quarter worth about $91,000. 24.92% of the stock is owned by institutional investors.

Thorne HealthTech Company Profile (Get Rating)

Thorne HealthTech, Inc, a science-driven wellness company, provides solutions and personalized approaches to health and wellness in the United States and internationally. It offers various health tests, such as sleep, stress, weight management, gut health, heavy metals, biological age, and other health tests that generate molecular portraits for its customers, as well as develops nutritional supplements and offers wellness education solutions.

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