Intersect ENT Inc (NASDAQ:XENT) has been given a consensus recommendation of “Buy” by the fourteen ratings firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $33.43.
Several equities research analysts recently issued reports on XENT shares. BidaskClub upgraded Intersect ENT from a “sell” rating to a “hold” rating in a report on Thursday, January 25th. Northland Securities reiterated a “hold” rating and issued a $25.00 price objective on shares of Intersect ENT in a report on Friday, November 3rd. JPMorgan Chase & Co. upgraded Intersect ENT from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 2nd. Zacks Investment Research cut Intersect ENT from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $36.00 price objective on shares of Intersect ENT in a report on Monday, December 11th.
In other Intersect ENT news, COO Richard E. Kaufman sold 958 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $37.21, for a total value of $35,647.18. Following the transaction, the chief operating officer now directly owns 87,512 shares of the company’s stock, valued at approximately $3,256,321.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Lisa D. Earnhardt sold 10,685 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $31.87, for a total transaction of $340,530.95. Following the completion of the transaction, the insider now directly owns 487,868 shares in the company, valued at $15,548,353.16. The disclosure for this sale can be found here. Insiders sold a total of 178,210 shares of company stock worth $5,819,188 over the last three months. Corporate insiders own 13.70% of the company’s stock.
Shares of Intersect ENT (NASDAQ XENT) opened at $35.15 on Friday. Intersect ENT has a twelve month low of $12.50 and a twelve month high of $37.90. The stock has a market capitalization of $1,040.00, a PE ratio of -56.69 and a beta of 0.78.
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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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