18,200 Shares in Azenta, Inc. (NASDAQ:AZTA) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Azenta, Inc. (NASDAQ:AZTA) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 18,200 shares of the company’s stock, valued at approximately $910,000.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its position in shares of Azenta by 20.0% during the third quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company’s stock worth $74,000 after purchasing an additional 256 shares in the last quarter. KBC Group NV grew its position in shares of Azenta by 48.5% during the fourth quarter. KBC Group NV now owns 2,137 shares of the company’s stock worth $107,000 after purchasing an additional 698 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Azenta during the fourth quarter worth about $200,000. Aigen Investment Management LP purchased a new stake in shares of Azenta during the third quarter worth about $214,000. Finally, Empowered Funds LLC purchased a new position in Azenta during the 4th quarter valued at approximately $293,000. Hedge funds and other institutional investors own 99.08% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stephens restated an “overweight” rating and set a $60.00 price target on shares of Azenta in a report on Thursday, January 2nd. Evercore ISI raised their price target on Azenta from $50.00 to $52.00 and gave the company an “in-line” rating in a report on Thursday, February 6th. Needham & Company LLC raised their price target on Azenta from $55.00 to $59.00 and gave the company a “buy” rating in a report on Thursday, February 6th. Finally, TD Cowen upgraded Azenta to a “hold” rating in a report on Thursday, February 27th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $58.75.

Azenta Stock Performance

Shares of Azenta stock opened at $43.68 on Friday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of -14.66 and a beta of 1.52. The stock has a 50 day moving average price of $49.26 and a 200-day moving average price of $47.39. Azenta, Inc. has a one year low of $38.82 and a one year high of $65.51.

Azenta (NASDAQ:AZTA) last announced its earnings results on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.03. Azenta had a positive return on equity of 1.25% and a negative net margin of 24.91%. Sell-side analysts predict that Azenta, Inc. will post 0.53 earnings per share for the current fiscal year.

About Azenta

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.