CryoPort Inc (NASDAQ:CYRX) has earned an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $19.75.
Several brokerages have recently weighed in on CYRX. B. Riley began coverage on CryoPort in a report on Wednesday, October 10th. They issued a “buy” rating and a $22.00 price objective for the company. BidaskClub downgraded CryoPort from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. Finally, Cowen upped their target price on CryoPort from $11.00 to $16.00 and gave the company an “outperform” rating in a report on Monday, August 13th.
Shares of CryoPort stock opened at $11.45 on Friday. The firm has a market capitalization of $330.29 million, a PE ratio of -33.68 and a beta of 1.42. CryoPort has a fifty-two week low of $6.02 and a fifty-two week high of $16.88.
CryoPort (NASDAQ:CYRX) last announced its quarterly earnings data on Thursday, August 9th. The consumer goods maker reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.02). The firm had revenue of $4.63 million during the quarter, compared to analyst estimates of $4.36 million. CryoPort had a negative net margin of 62.80% and a negative return on equity of 45.60%. The business’s revenue for the quarter was up 58.6% compared to the same quarter last year. Analysts forecast that CryoPort will post -0.34 EPS for the current year.
In related news, Director Richard J. Berman sold 10,000 shares of the company’s stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $14.00, for a total transaction of $140,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Richard J. Berman sold 20,000 shares of the company’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $12.81, for a total value of $256,200.00. The disclosure for this sale can be found here. Corporate insiders own 9.60% of the company’s stock.
A number of large investors have recently bought and sold shares of CYRX. Fred Alger Management Inc. acquired a new position in CryoPort during the second quarter valued at $43,068,000. BlackRock Inc. raised its position in CryoPort by 507.7% during the second quarter. BlackRock Inc. now owns 1,745,626 shares of the consumer goods maker’s stock valued at $27,545,000 after buying an additional 1,458,357 shares during the period. Millennium Management LLC raised its position in CryoPort by 205.0% during the first quarter. Millennium Management LLC now owns 434,068 shares of the consumer goods maker’s stock valued at $3,733,000 after buying an additional 291,737 shares during the period. Northern Trust Corp raised its position in CryoPort by 434.5% during the second quarter. Northern Trust Corp now owns 325,678 shares of the consumer goods maker’s stock valued at $5,140,000 after buying an additional 264,743 shares during the period. Finally, Victory Capital Management Inc. acquired a new position in CryoPort during the third quarter valued at $1,956,000. 48.25% of the stock is currently owned by hedge funds and other institutional investors.
CryoPort Company Profile
Cryoport, Inc provides cryogenic logistics solutions to the life sciences industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoportal, a cloud-based logistics management platform that supports the management of shipments, which includes order entry, document preparation, customs documentation, courier management, real-time shipment tracking, issue resolution, and regulatory compliance requirements; and CryoPort Express Shippers, a dry vapor cryogenic shipper that use liquid nitrogen contained inside a vacuum insulated vessel, which serves as a refrigerant to provide stable storage temperatures.
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