Insider Selling: Intersect ENT Inc (XENT) General Counsel Sells 36,000 Shares of Stock
Intersect ENT Inc (NASDAQ:XENT) General Counsel David Aaron Lehman sold 36,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $32.75, for a total value of $1,179,000.00. Following the completion of the sale, the general counsel now owns 45,000 shares of the company’s stock, valued at $1,473,750. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Intersect ENT Inc (NASDAQ XENT) traded up $0.65 during midday trading on Wednesday, hitting $32.50. The company had a trading volume of 241,245 shares, compared to its average volume of 295,669. Intersect ENT Inc has a 1 year low of $10.95 and a 1 year high of $34.40.
Intersect ENT (NASDAQ:XENT) last issued its quarterly earnings data on Thursday, November 2nd. The medical equipment provider reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.05. The firm had revenue of $22.31 million during the quarter, compared to analysts’ expectations of $21.53 million. Intersect ENT had a negative return on equity of 15.96% and a negative net margin of 19.81%. The firm’s quarterly revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.22) EPS. analysts anticipate that Intersect ENT Inc will post -0.63 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on XENT shares. Bank of America upped their target price on Intersect ENT from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, September 11th. Zacks Investment Research cut Intersect ENT from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Canaccord Genuity upped their price objective on Intersect ENT from $32.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th. Northland Securities restated a “hold” rating and set a $25.00 price objective on shares of Intersect ENT in a research note on Friday, November 3rd. Finally, BTIG Research restated a “hold” rating on shares of Intersect ENT in a research note on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Intersect ENT currently has a consensus rating of “Buy” and a consensus price target of $32.29.
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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.
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