Align Technology, Inc. (NASDAQ:ALGN) Given Consensus Rating of “Moderate Buy” by Analysts

Align Technology, Inc. (NASDAQ:ALGNGet Free Report) has been given an average recommendation of “Moderate Buy” by the ten brokerages that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $336.60.

A number of equities research analysts have recently issued reports on the stock. StockNews.com assumed coverage on shares of Align Technology in a research report on Thursday, October 5th. They issued a “buy” rating for the company. OTR Global raised shares of Align Technology from a “mixed” rating to a “positive” rating in a research report on Thursday, September 14th. Piper Sandler reduced their target price on shares of Align Technology from $370.00 to $290.00 and set an “overweight” rating for the company in a research report on Thursday, October 26th. Robert W. Baird boosted their target price on shares of Align Technology from $385.00 to $406.00 in a research report on Thursday, July 27th. Finally, Stifel Nicolaus cut their price objective on shares of Align Technology from $430.00 to $390.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th.

Check Out Our Latest Analysis on ALGN

Insider Activity at Align Technology

In other Align Technology news, CEO Joseph M. Hogan bought 5,194 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $192.50 per share, with a total value of $999,845.00. Following the transaction, the chief executive officer now directly owns 208,664 shares in the company, valued at approximately $40,167,820. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Joseph M. Hogan bought 5,194 shares of the business’s stock in a transaction on Thursday, November 9th. The stock was acquired at an average price of $192.50 per share, for a total transaction of $999,845.00. Following the purchase, the chief executive officer now directly owns 208,664 shares in the company, valued at $40,167,820. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Joseph M. Hogan bought 5,319 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was bought at an average price of $188.00 per share, with a total value of $999,972.00. Following the purchase, the chief executive officer now owns 203,470 shares in the company, valued at $38,252,360. The disclosure for this purchase can be found here. 0.64% of the stock is currently owned by insiders.

Institutional Trading of Align Technology

Hedge funds have recently bought and sold shares of the company. AdvisorNet Financial Inc increased its stake in shares of Align Technology by 140.0% during the second quarter. AdvisorNet Financial Inc now owns 72 shares of the medical equipment provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Manchester Capital Management LLC purchased a new position in shares of Align Technology during the first quarter valued at approximately $26,000. KB Financial Partners LLC purchased a new position in shares of Align Technology during the first quarter valued at approximately $26,000. Optiver Holding B.V. bought a new stake in shares of Align Technology during the second quarter valued at approximately $27,000. Finally, Cornerstone Planning Group LLC bought a new stake in shares of Align Technology during the second quarter valued at approximately $29,000. Institutional investors own 87.07% of the company’s stock.

Align Technology Trading Up 4.2 %

Shares of ALGN opened at $215.24 on Tuesday. The company has a market cap of $16.49 billion, a price-to-earnings ratio of 45.60, a PEG ratio of 1.70 and a beta of 1.58. Align Technology has a 1-year low of $176.34 and a 1-year high of $413.20. The company’s fifty day simple moving average is $257.33 and its 200 day simple moving average is $307.45.

Align Technology (NASDAQ:ALGNGet Free Report) last released its quarterly earnings data on Wednesday, October 25th. The medical equipment provider reported $1.62 EPS for the quarter, missing analysts’ consensus estimates of $1.86 by ($0.24). The company had revenue of $960.21 million for the quarter, compared to the consensus estimate of $994.60 million. Align Technology had a return on equity of 12.66% and a net margin of 9.53%. As a group, research analysts forecast that Align Technology will post 6.86 earnings per share for the current year.

Align Technology Company Profile

(Get Free Report

Align Technology, Inc designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists in the United States, Switzerland, China, and internationally. It operates in two segments, Clear Aligner; and Imaging Systems and CAD/CAM Services (Systems and Services).

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Analyst Recommendations for Align Technology (NASDAQ:ALGN)

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