Align Technology, Inc. (NASDAQ:ALGN – Get 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.
Insider Activity at Align Technology
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:ALGN – Get 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
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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