AxoGen (NASDAQ:AXGN)‘s stock had its “overweight” rating reissued by equities research analysts at Cantor Fitzgerald in a report released on Friday.
Other analysts also recently issued research reports about the stock. Lake Street Capital raised their price objective on shares of AxoGen from $22.00 to $26.00 and gave the stock a “buy” rating in a report on Tuesday, November 21st. Wedbush restated a “buy” rating and set a $27.00 price objective (up previously from $22.00) on shares of AxoGen in a report on Tuesday, November 21st. Roth Capital restated a “buy” rating and set a $21.00 price objective (up previously from $18.00) on shares of AxoGen in a report on Tuesday, September 12th. Jefferies Group started coverage on shares of AxoGen in a research note on Thursday, November 30th. They issued a “buy” rating and a $35.00 target price for the company. Finally, Leerink Swann lifted their target price on shares of AxoGen from $26.00 to $30.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 21st. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $26.17.
Shares of AxoGen (NASDAQ AXGN) opened at $28.65 on Friday. AxoGen has a 1-year low of $8.75 and a 1-year high of $28.90. The company has a current ratio of 3.55, a quick ratio of 2.95 and a debt-to-equity ratio of 1.93. The stock has a market cap of $959.74, a PE ratio of -71.63 and a beta of 0.40.
In other news, Director Jamie Mark Grooms sold 84,295 shares of AxoGen 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Guido J. Neels sold 1,150,000 shares of AxoGen stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.74, for a total transaction of $22,701,000.00. The disclosure for this sale can be found here. Insiders sold 1,293,990 shares of company stock valued at $26,494,898 in the last quarter. Corporate insiders own 9.33% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Thompson Davis & CO. Inc. increased its stake in shares of AxoGen by 575.0% in the second quarter. Thompson Davis & CO. Inc. now owns 6,750 shares of the medical equipment provider’s stock worth $113,000 after purchasing an additional 5,750 shares in the last quarter. Neuberger Berman Group LLC purchased a new position in AxoGen during the second quarter valued at approximately $201,000. Valeo Financial Advisors LLC purchased a new position in AxoGen during the third quarter valued at approximately $244,000. Nationwide Fund Advisors grew its stake in AxoGen by 5.5% during the second quarter. Nationwide Fund Advisors now owns 14,874 shares of the medical equipment provider’s stock valued at $249,000 after acquiring an additional 774 shares in the last quarter. Finally, OxFORD Asset Management LLP purchased a new position in AxoGen during the third quarter valued at approximately $270,000. Hedge funds and other institutional investors own 66.00% of the company’s stock.
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AxoGen Company Profile
AxoGen, Inc provides surgical solutions for peripheral nerve injuries. The company?s 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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