Intersect ENT (NASDAQ:XENT) Upgraded to “Hold” by BidaskClub

BidaskClub upgraded shares of Intersect ENT (NASDAQ:XENT) from a sell rating to a hold rating in a research note issued to investors on Saturday, December 30th.

XENT has been the topic of a number of other research reports. Bank of America lifted their target price on Intersect ENT from $33.00 to $40.00 and gave the stock a buy rating in a research report on Monday, September 11th. Zacks Investment Research cut Intersect ENT from a buy rating to a hold rating in a research report on Wednesday, November 1st. Guggenheim restated a buy rating and issued a $41.00 price target on shares of Intersect ENT in a research report on Friday, December 15th. Canaccord Genuity reaffirmed a buy rating and issued a $36.00 price objective on shares of Intersect ENT in a report on Monday, December 11th. Finally, BTIG Research reaffirmed a hold rating on shares of Intersect ENT in a report on Tuesday, November 7th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $33.38.

Intersect ENT (NASDAQ XENT) opened at $34.35 on Friday. Intersect ENT has a 52-week low of $11.75 and a 52-week high of $35.34. The company has a market capitalization of $1,020.65, a price-to-earnings ratio of -54.52 and a beta of 0.67.

Intersect ENT (NASDAQ:XENT) last released its earnings results on Thursday, November 2nd. The medical equipment provider reported ($0.15) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.05. Intersect ENT had a negative return on equity of 15.96% and a negative net margin of 19.81%. The firm had revenue of $22.31 million during the quarter, compared to analyst estimates of $21.53 million. During the same period last year, the business posted ($0.22) earnings per share. Intersect ENT’s revenue was up 20.8% compared to the same quarter last year. analysts forecast that Intersect ENT will post -0.63 EPS for the current fiscal year.

In other Intersect ENT news, CFO Jeryl L. Hilleman sold 12,835 shares of the business’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $33.81, for a total value of $433,951.35. Following the completion of the transaction, the chief financial officer now directly owns 25,767 shares in the company, valued at approximately $871,182.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Lisa D. Earnhardt sold 10,685 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $31.87, for a total value of $340,530.95. Following the completion of the transaction, the insider now owns 487,868 shares of the company’s stock, valued at $15,548,353.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 126,886 shares of company stock worth $3,887,494. 13.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in XENT. Russell Investments Group Ltd. boosted its position in Intersect ENT by 8.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 38,214 shares of the medical equipment provider’s stock worth $1,068,000 after purchasing an additional 3,090 shares during the period. Rhumbline Advisers boosted its position in Intersect ENT by 5.9% during the 2nd quarter. Rhumbline Advisers now owns 29,396 shares of the medical equipment provider’s stock worth $822,000 after purchasing an additional 1,625 shares during the period. State of Wisconsin Investment Board purchased a new stake in Intersect ENT during the 2nd quarter worth $531,000. Bank of New York Mellon Corp boosted its position in Intersect ENT by 23.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 185,117 shares of the medical equipment provider’s stock worth $5,174,000 after purchasing an additional 34,577 shares during the period. Finally, Legal & General Group Plc boosted its position in Intersect ENT by 3.8% in the 2nd 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. 86.31% of the stock is owned by hedge funds and other institutional investors.

COPYRIGHT VIOLATION WARNING: This news story was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark & copyright laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/01/14/intersect-ent-xent-upgraded-by-bidaskclub-to-hold.html.

Intersect ENT Company Profile

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.

Analyst Recommendations for Intersect ENT (NASDAQ:XENT)

Receive News & Ratings for Intersect ENT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Intersect ENT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply