Shares of BioTelemetry Inc (NASDAQ:BEAT) have been given an average rating of “Hold” by the ten analysts that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $43.67.
BEAT has been the topic of several recent analyst reports. BidaskClub raised BioTelemetry from a “strong sell” rating to a “sell” rating in a report on Tuesday, December 19th. Zacks Investment Research cut BioTelemetry from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Dougherty & Co reaffirmed a “buy” rating and issued a $41.00 price target (up previously from $40.00) on shares of BioTelemetry in a report on Friday, February 23rd. Finally, TheStreet cut BioTelemetry from a “b-” rating to a “c” rating in a report on Tuesday, March 20th.
NASDAQ:BEAT opened at $30.60 on Wednesday. BioTelemetry has a twelve month low of $23.30 and a twelve month high of $39.20. The stock has a market capitalization of $1,032.51, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 1.59 and a beta of 0.86. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.66 and a current ratio of 1.77.
In related news, insider Fred Broadway sold 54,158 shares of the firm’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $34.17, for a total transaction of $1,850,578.86. Following the transaction, the insider now directly owns 64,880 shares of the company’s stock, valued at approximately $2,216,949.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 9.60% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC purchased a new position in shares of BioTelemetry during the 4th quarter valued at about $12,910,000. MetLife Investment Advisors LLC purchased a new position in shares of BioTelemetry during the 4th quarter valued at about $397,000. Lyon Street Capital LLC raised its holdings in shares of BioTelemetry by 2,368.9% during the 4th quarter. Lyon Street Capital LLC now owns 379,029 shares of the medical research company’s stock valued at $11,333,000 after buying an additional 363,677 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of BioTelemetry by 8,866.8% during the 4th quarter. Macquarie Group Ltd. now owns 756,263 shares of the medical research company’s stock valued at $22,612,000 after buying an additional 747,829 shares in the last quarter. Finally, Vident Investment Advisory LLC purchased a new position in shares of BioTelemetry during the 4th quarter valued at about $612,000. 87.64% of the stock is currently owned by institutional investors.
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BioTelemetry Company Profile
BioTelemetry, Inc, a mobile and wireless medical technology company, provides cardiac and mobile blood glucose monitoring (BGM), centralized medical imaging, and original equipment manufacturing services for the healthcare and clinical research industries. It operates in three segments: Healthcare, Research, and Technology.
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