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.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc raised 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 valued at $193,000 after buying an additional 255 shares during the last quarter. Voya Investment Management LLC raised its stake in Intersect ENT by 9.7% in the second quarter. Voya Investment Management LLC now owns 12,724 shares of the medical equipment provider’s stock valued at $356,000 after buying an additional 1,128 shares during the last quarter. Rhumbline Advisers raised its stake in Intersect ENT by 5.9% in the second quarter. Rhumbline Advisers now owns 29,396 shares of the medical equipment provider’s stock valued at $822,000 after buying an additional 1,625 shares during the last quarter. EAM Investors LLC raised its stake in Intersect ENT by 1.1% in the third quarter. EAM Investors LLC now owns 164,267 shares of the medical equipment provider’s stock valued at $5,117,000 after buying an additional 1,776 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in Intersect ENT by 3.5% in the first quarter. Teachers Advisors LLC now owns 61,858 shares of the medical equipment provider’s stock valued at $1,061,000 after buying an additional 2,084 shares during the last quarter. Hedge funds and other institutional investors own 86.31% of the company’s stock.

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.

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

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