Analysts Set Azenta, Inc. (NASDAQ:AZTA) PT at $62.67

Shares of Azenta, Inc. (NASDAQ:AZTA) have been assigned a consensus rating of “Moderate Buy” from the four brokerages that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $63.67.

Several equities analysts recently issued reports on AZTA shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $68.00 price objective on shares of Azenta in a research report on Tuesday. Stephens reaffirmed an “equal weight” rating and issued a $55.00 price objective on shares of Azenta in a research report on Tuesday.

Azenta Stock Up 0.8 %

Shares of AZTA opened at $54.57 on Tuesday. The business’s 50 day moving average price is $49.54 and its 200-day moving average price is $48.06. Azenta has a 52 week low of $36.01 and a 52 week high of $63.60. The stock has a market cap of $3.29 billion, a P/E ratio of -303.17 and a beta of 1.52.

Azenta (NASDAQ:AZTA) last issued its quarterly earnings results on Monday, November 13th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.12. The firm had revenue of $165.95 million for the quarter, compared to analysts’ expectations of $163.91 million. Azenta had a positive return on equity of 0.73% and a negative net margin of 2.14%. The business’s revenue for the quarter was up 25.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.16 EPS. On average, equities analysts anticipate that Azenta will post 0.32 EPS for the current year.

Hedge Funds Weigh In On Azenta

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tudor Investment Corp Et Al increased its stake in shares of Azenta by 963.5% in the 3rd quarter. Tudor Investment Corp Et Al now owns 74,102 shares of the company’s stock worth $3,719,000 after purchasing an additional 67,134 shares in the last quarter. Townsquare Capital LLC increased its stake in shares of Azenta by 2.6% in the 3rd quarter. Townsquare Capital LLC now owns 39,019 shares of the company’s stock worth $1,958,000 after purchasing an additional 1,004 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Azenta in the 3rd quarter worth $201,000. The Manufacturers Life Insurance Company increased its stake in shares of Azenta by 1.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 49,704 shares of the company’s stock worth $2,495,000 after purchasing an additional 725 shares in the last quarter. Finally, Rock Springs Capital Management LP increased its stake in shares of Azenta by 1.6% in the 3rd quarter. Rock Springs Capital Management LP now owns 477,500 shares of the company’s stock worth $23,966,000 after purchasing an additional 7,600 shares in the last quarter. 99.08% of the stock is owned by institutional investors.

Azenta Company Profile

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.