AxoGen, Inc. (AXGN) Given Average Recommendation of “Buy” by Brokerages
AxoGen, Inc. (NASDAQ:AXGN) has received a consensus rating of “Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $29.33.
Several equities analysts have recently issued reports on AXGN shares. Leerink Swann upped their price target on AxoGen from $26.00 to $30.00 and gave the company an “outperform” rating in a research note on Tuesday, November 21st. Lake Street Capital upped their price target on AxoGen from $22.00 to $26.00 and gave the company a “buy” rating in a research note on Tuesday, November 21st. Wedbush reaffirmed a “buy” rating and set a $27.00 price target (up previously from $22.00) on shares of AxoGen in a research note on Tuesday, November 21st. BidaskClub lowered AxoGen from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating on shares of AxoGen in a research note on Friday, January 5th.
In other AxoGen news, Director Guido J. Neels sold 1,150,000 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.74, for a total value of $22,701,000.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jamie Mark Grooms sold 84,295 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $26.38, for a total value of $2,223,702.10. The disclosure for this sale can be found here. Insiders sold 1,293,990 shares of company stock worth $26,494,898 in the last three months. Insiders own 9.33% of the company’s stock.
AxoGen (AXGN) opened at $28.00 on Tuesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.95 and a current ratio of 3.55. AxoGen has a one year low of $8.75 and a one year high of $31.70. The stock has a market capitalization of $954.63, a price-to-earnings ratio of -70.00 and a beta of 0.40.
AxoGen (NASDAQ:AXGN) last issued its quarterly earnings results on Wednesday, November 1st. The medical equipment provider reported ($0.06) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.06). AxoGen had a negative return on equity of 91.00% and a negative net margin of 24.74%. The business had revenue of $16.05 million for the quarter, compared to analyst estimates of $15.55 million. The business’s revenue for the quarter was up 43.2% compared to the same quarter last year. analysts forecast that AxoGen will post -0.31 EPS for the current fiscal year.
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AxoGen Company Profile
AxoGen, Inc provides surgical solutions for peripheral nerve injuries. The companys surgical nerve repair solutions include Avance Nerve Graft, an off-the-shelf processed human nerve allograft for bridging severed nerves without the comorbidities associated with a second surgical site; AxoGuard Nerve Connector, a porcine submucosa extracellular matrix (ECM) coaptation aid for tensionless repair of severed nerves; and AxoGuard Nerve Protector, a porcine submucosa ECM product that is used to wrap and protect injured peripheral nerves, as well as reinforces the nerve reconstruction while preventing soft tissue attachments.
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