Intersect ENT, Inc. (NASDAQ:XENT) insider Lisa D. Earnhardt sold 20,000 shares of Intersect ENT stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $30.79, for a total value of $615,800.00. Following the transaction, the insider now directly owns 525,868 shares of the company’s stock, valued at approximately $16,191,475.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Intersect ENT, Inc. (XENT) traded down 2.09% on Thursday, reaching $30.50. 161,127 shares of the company traded hands. The firm has a 50-day moving average of $28.68 and a 200-day moving average of $21.49. The company’s market capitalization is $890.26 million. Intersect ENT, Inc. has a 52-week low of $7.65 and a 52-week high of $31.90.

Intersect ENT (NASDAQ:XENT) last announced its quarterly earnings data on Tuesday, August 1st. The medical equipment provider reported ($0.08) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.11. The firm had revenue of $24 million during the quarter, compared to the consensus estimate of $22.62 million. Intersect ENT had a negative return on equity of 17.60% and a negative net margin of 22.94%. The business’s revenue for the quarter was up 24.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.21) EPS. On average, equities research analysts forecast that Intersect ENT, Inc. will post ($0.61) earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. ClariVest Asset Management LLC purchased a new stake in Intersect ENT during the first quarter worth $148,000. Legal & General Group Plc increased its stake in Intersect ENT by 3.8% in the second quarter. Legal & General Group Plc now owns 6,939 shares of the medical equipment provider’s stock worth $193,000 after buying an additional 255 shares during the period. Cornerstone Capital Management Holdings LLC. increased its stake in Intersect ENT by 109.1% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 11,500 shares of the medical equipment provider’s stock worth $196,000 after buying an additional 6,000 shares during the period. Moors & Cabot Inc. purchased a new stake in Intersect ENT during the second quarter worth $205,000. Finally, Prudential Financial Inc. purchased a new stake in Intersect ENT during the second quarter worth $229,000. 72.78% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on XENT shares. Zacks Investment Research downgraded Intersect ENT from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. William Blair reaffirmed an “outperform” rating on shares of Intersect ENT in a research note on Wednesday, May 10th. Northland Securities lifted their price target on Intersect ENT from $17.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, May 4th. Canaccord Genuity reaffirmed a “buy” rating on shares of Intersect ENT in a research note on Wednesday, May 3rd. Finally, Wedbush lifted their price target on Intersect ENT from $25.00 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 3rd. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $23.13.

About Intersect ENT

Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.

Insider Buying and Selling by Quarter for Intersect ENT (NASDAQ:XENT)

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