Insider Buying: Lee Robert Johnston, Jr. Purchases 10,000 Shares of AxoGen Stock (AXGN)
AxoGen (NASDAQ:AXGN) CFO Lee Robert Johnston, Jr. bought 10,000 shares of AxoGen stock on the open market in a transaction that occurred on Friday, June 6th. The stock was purchased at an average price of $2.58 per share, for a total transaction of $25,800.00. Following the acquisition, the chief financial officer now directly owns 10,000 shares of the company’s stock, valued at approximately $25,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Separately, analysts at Dawson James initiated coverage on shares of AxoGen in a research note on Wednesday, May 14th. They set a “buy” rating and a $5.00 price target on the stock.
AxoGen (NASDAQ:AXGN) traded up 0.74% on Tuesday, hitting $2.74. 88,576 shares of the company’s stock traded hands. AxoGen has a 52 week low of $2.21 and a 52 week high of $5.20. The stock has a 50-day moving average of $2.60 and a 200-day moving average of $3.4. The company’s market cap is $47.9 million.
AxoGen (NASDAQ:AXGN) last issued its quarterly earnings data on Wednesday, April 30th. The company reported ($0.24) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.23) by $0.01. On average, analysts predict that AxoGen will post $-0.90 earnings per share for the current fiscal year.