Intersect ENT (XENT) Given Buy Rating at Guggenheim
Intersect ENT (NASDAQ:XENT)‘s stock had its “buy” rating restated by equities researchers at Guggenheim in a research report issued to clients and investors on Friday. They presently have a $41.00 price objective on the medical equipment provider’s stock. Guggenheim’s price objective would suggest a potential upside of 28.73% from the company’s current price.
XENT has been the topic of several other research reports. Bank of America lifted their price objective 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 lowered Intersect ENT from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Canaccord Genuity lifted their price objective on Intersect ENT from $32.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, September 13th. Piper Jaffray Companies reissued a “buy” rating and set a $35.00 price objective on shares of Intersect ENT in a report on Tuesday, August 22nd. Finally, BidaskClub lowered Intersect ENT from a “buy” rating to a “hold” rating in a report on Wednesday, December 6th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $33.38.
Intersect ENT (NASDAQ:XENT) opened at $31.85 on Friday. Intersect ENT has a 1 year low of $11.00 and a 1 year high of $34.40.
In other Intersect ENT news, General Counsel David Aaron Lehman sold 36,000 shares of the business’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 transaction, the general counsel now owns 45,000 shares of the company’s stock, valued at $1,473,750. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Jeryl L. Hilleman sold 12,833 shares of the business’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $27.78, for a total value of $356,500.74. Following the completion of the transaction, the chief financial officer now directly owns 27,833 shares in the company, valued at approximately $773,200.74. The disclosure for this sale can be found here. In the last ninety days, insiders sold 129,838 shares of company stock worth $3,892,610. 13.70% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can acquired a new position in Intersect ENT in the third quarter worth $116,000. Oppenheimer Asset Management Inc. acquired a new position in Intersect ENT in the third quarter worth $117,000. Legal & General Group Plc boosted 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 purchasing an additional 255 shares in the last quarter. Moors & Cabot Inc. acquired a new position in Intersect ENT in the second quarter worth $205,000. Finally, Campbell & CO Investment Adviser LLC acquired a new position in Intersect ENT in the third quarter worth $228,000. 86.31% of the stock is currently owned by institutional investors.
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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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