AxoGen, Inc. (NASDAQ:AXGN) Given Average Rating of “Buy” by Brokerages
AxoGen, Inc. (NASDAQ:AXGN) has earned an average rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $14.38.
A number of equities analysts have weighed in on the stock. Cantor Fitzgerald assumed coverage on shares of AxoGen in a research report on Thursday, June 29th. They set an “overweight” rating and a $18.00 price objective for the company. ValuEngine upgraded shares of AxoGen from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Wedbush restated an “outperform” rating and set a $14.00 price objective (down from $17.00) on shares of AxoGen in a research report on Friday, May 19th.
A number of hedge funds and other institutional investors have recently made changes to their positions in AXGN. SG Americas Securities LLC bought a new position in shares of AxoGen during the first quarter valued at $150,000. Campbell & CO Investment Adviser LLC raised its position in shares of AxoGen by 3.2% in the first quarter. Campbell & CO Investment Adviser LLC now owns 11,055 shares of the medical equipment provider’s stock valued at $116,000 after buying an additional 341 shares during the period. Bank of Montreal Can raised its position in shares of AxoGen by 978.5% in the first quarter. Bank of Montreal Can now owns 14,981 shares of the medical equipment provider’s stock valued at $157,000 after buying an additional 13,592 shares during the period. Menta Capital LLC raised its position in shares of AxoGen by 6.4% in the first quarter. Menta Capital LLC now owns 109,068 shares of the medical equipment provider’s stock valued at $1,140,000 after buying an additional 6,530 shares during the period. Finally, Summit Partners Public Asset Management LLC raised its position in shares of AxoGen by 27.4% in the first quarter. Summit Partners Public Asset Management LLC now owns 409,498 shares of the medical equipment provider’s stock valued at $4,279,000 after buying an additional 88,140 shares during the period. 63.49% of the stock is owned by institutional investors.
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AxoGen (NASDAQ:AXGN) opened at 16.80 on Tuesday. The stock’s market capitalization is $556.00 million. The company’s 50-day moving average is $15.76 and its 200 day moving average is $12.43. AxoGen has a 1-year low of $6.45 and a 1-year high of $17.25.
AxoGen (NASDAQ:AXGN) last posted its quarterly earnings data on Thursday, May 4th. The medical equipment provider reported ($0.11) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.10) by $0.01. The company had revenue of $12.24 million for the quarter, compared to analyst estimates of $11.83 million. AxoGen had a negative return on equity of 155.78% and a negative net margin of 32.05%. Equities analysts predict that AxoGen will post ($0.30) earnings per share for the current year.
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