Insider Buying: BioLife Solutions Chairman Purchases 1,250 Shares of Stock (BLFS)
BioLife Solutions (NASDAQ:BLFS) Chairman Raymond W. Cohen purchased 1,250 shares of the stock on the open market in a transaction dated Friday, August 8th. The shares were purchased at an average cost of $2.48 per share, with a total value of $3,100.00. Following the completion of the purchase, the chairman now directly owns 8,466 shares of the company’s stock, valued at approximately $20,996. The purchase was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on BLFS shares. Analysts at Zacks reiterated an “outperform” rating on shares of BioLife Solutions in a research note on Friday. They now have a $7.50 price target on the stock. Analysts at Ladenburg Thalmann initiated coverage on shares of BioLife Solutions in a research note on Wednesday, July 23rd. They set a “buy” rating on the stock.
Shares of BioLife Solutions (NASDAQ:BLFS) traded down 5.73% on Friday, hitting $2.47. 120,095 shares of the company’s stock traded hands. BioLife Solutions has a 52 week low of $1.75 and a 52 week high of $23.94. The stock has a 50-day moving average of $2.42 and a 200-day moving average of $3.93. The company’s market cap is $29.7 million.
BioLife Solutions, Inc (NASDAQ:BLFS) is a life sciences tools provider.
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