Press coverage about Align Technology (NASDAQ:ALGN) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Align Technology earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave press coverage about the medical equipment provider an impact score of 46.3702995944612 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Align Technology, Inc. (ALGN) Shares Sold by Suntrust Banks Inc. (americanbankingnews.com)
- Norinchukin Bank The Purchases 400 Shares of Align Technology, Inc. (ALGN) (americanbankingnews.com)
- Align Technology, Inc. (ALGN) Stake Lifted by The Manufacturers Life Insurance Company (americanbankingnews.com)
- Zacks: Analysts Anticipate Align Technology, Inc. (ALGN) Will Announce Quarterly Sales of $408.25 Million (americanbankingnews.com)
- 283,068 Shares in Align Technology, Inc. (ALGN) Purchased by Carillon Tower Advisers Inc. (americanbankingnews.com)
Shares of Align Technology (NASDAQ:ALGN) traded up $5.39 during trading on Friday, hitting $265.07. 939,952 shares of the stock were exchanged, compared to its average volume of 1,370,000. The firm has a market cap of $21,250.00, a price-to-earnings ratio of 68.14, a PEG ratio of 2.02 and a beta of 1.48. Align Technology has a 1-year low of $100.57 and a 1-year high of $287.32.
A number of equities analysts have commented on the stock. BidaskClub lowered shares of Align Technology from a “buy” rating to a “hold” rating in a report on Friday, February 9th. Zacks Investment Research lowered shares of Align Technology from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Piper Jaffray Companies reiterated a “buy” rating and issued a $300.00 price objective on shares of Align Technology in a report on Wednesday, January 31st. Leerink Swann boosted their price objective on shares of Align Technology from $300.00 to $305.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Credit Suisse Group boosted their price objective on shares of Align Technology from $276.00 to $290.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $258.54.
In other news, VP Emory Wright sold 5,025 shares of the company’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $263.68, for a total value of $1,324,992.00. Following the sale, the vice president now owns 80,762 shares in the company, valued at approximately $21,295,324.16. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Joseph M. Hogan acquired 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average price of $233.63 per share, for a total transaction of $350,445.00. Following the purchase, the insider now owns 42,984 shares of the company’s stock, valued at $10,042,351.92. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 80,529 shares of company stock worth $20,986,743. Company insiders own 1.60% of the company’s stock.
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About Align Technology
Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment.
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