Azenta (NASDAQ:AZTA) Given New $78.00 Price Target at Needham & Company LLC

Azenta (NASDAQ:AZTAGet Rating) had its target price hoisted by Needham & Company LLC from $74.00 to $78.00 in a research report report published on Tuesday, The Fly reports. Needham & Company LLC currently has a buy rating on the stock.

Several other brokerages have also recently commented on AZTA. Evercore ISI decreased their price target on shares of Azenta to $68.00 in a research report on Monday, August 15th. TheStreet cut shares of Azenta from a c- rating to a d+ rating in a research report on Thursday, September 1st. Finally, KeyCorp decreased their price target on shares of Azenta from $90.00 to $70.00 and set an overweight rating for the company in a research report on Monday, October 24th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of Buy and a consensus price target of $74.50.

Azenta Stock Performance

Azenta stock opened at $56.75 on Tuesday. Azenta has a fifty-two week low of $37.61 and a fifty-two week high of $121.44. The firm has a 50 day moving average price of $45.36 and a 200 day moving average price of $60.13. The company has a market capitalization of $4.26 billion, a PE ratio of 1.96 and a beta of 1.52.

Insider Activity at Azenta

In related news, CFO Lindon G. Robertson purchased 4,350 shares of Azenta stock in a transaction that occurred on Friday, August 19th. The stock was purchased at an average cost of $57.62 per share, with a total value of $250,647.00. Following the completion of the transaction, the chief financial officer now directly owns 100,571 shares in the company, valued at $5,794,901.02. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Azenta news, COO Matthew Mcmanus acquired 8,625 shares of the company’s stock in a transaction on Friday, August 19th. The shares were bought at an average cost of $58.15 per share, for a total transaction of $501,543.75. Following the completion of the purchase, the chief operating officer now owns 29,467 shares in the company, valued at approximately $1,713,506.05. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Lindon G. Robertson purchased 4,350 shares of Azenta stock in a transaction on Friday, August 19th. The stock was acquired at an average cost of $57.62 per share, for a total transaction of $250,647.00. Following the acquisition, the chief financial officer now directly owns 100,571 shares of the company’s stock, valued at $5,794,901.02. The disclosure for this purchase can be found here. 1.62% of the stock is owned by corporate insiders.

Institutional Trading of Azenta

Several institutional investors and hedge funds have recently modified their holdings of AZTA. Brasada Capital Management LP purchased a new stake in shares of Azenta in the first quarter valued at about $2,937,000. IMA Wealth Inc. purchased a new position in shares of Azenta during the first quarter valued at approximately $1,818,000. Adalta Capital Management LLC purchased a new position in shares of Azenta during the first quarter valued at approximately $414,000. Amalgamated Bank purchased a new position in shares of Azenta during the first quarter valued at approximately $4,552,000. Finally, Vigilant Capital Management LLC purchased a new position in shares of Azenta during the second quarter valued at approximately $25,000. Hedge funds and other institutional investors own 97.43% of the company’s stock.

About Azenta

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Azenta, Inc provides life science sample exploration and management solutions for the life sciences market in North America, Europe, China, the Asia Pacific, and internationally. The company operates through two reportable segments, Life Sciences Products and Life Sciences Services. The Life Sciences Products segment offers automated cold sample management systems for compound and biological sample storage; equipment for sample preparation and handling; consumables; and instruments that help customers in managing samples throughout their research discovery and development workflows.

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