BioLife Solutions (BLFS) Posts Earnings Results, Hits Estimates

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BioLife Solutions (NASDAQ:BLFS) released its earnings results on Thursday. The medical equipment provider reported $0.04 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.04, Morningstar.com reports. The company had revenue of $5.46 million during the quarter, compared to analysts’ expectations of $5.47 million. BioLife Solutions had a return on equity of 8.63% and a net margin of 10.42%. BioLife Solutions updated its FY 2019 guidance to EPS.

BLFS stock traded up $1.03 on Friday, reaching $18.72. 152,690 shares of the company traded hands, compared to its average volume of 155,449. BioLife Solutions has a one year low of $4.85 and a one year high of $26.35. The firm has a market cap of $327.27 million, a PE ratio of -89.17 and a beta of 1.65.

BLFS has been the subject of a number of research analyst reports. ValuEngine upgraded BioLife Solutions from a “hold” rating to a “buy” rating in a research note on Thursday, January 31st. Janney Montgomery Scott upgraded BioLife Solutions to a “buy” rating and set a $5.00 target price for the company in a research note on Thursday, December 20th. BidaskClub upgraded BioLife Solutions from a “hold” rating to a “buy” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research cut BioLife Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $17.75.

In related news, VP Todd Berard sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $12.12, for a total transaction of $36,360.00. Following the completion of the transaction, the vice president now owns 37,583 shares of the company’s stock, valued at approximately $455,505.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Greef Roderick De sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 19th. The shares were sold at an average price of $10.67, for a total value of $106,700.00. Following the transaction, the chief financial officer now directly owns 24,583 shares of the company’s stock, valued at approximately $262,300.61. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 57,869 shares of company stock valued at $781,532. 38.50% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Canton Hathaway LLC bought a new stake in shares of BioLife Solutions in the 4th quarter worth $66,000. GSA Capital Partners LLP bought a new stake in shares of BioLife Solutions in the 3rd quarter worth $200,000. Northern Trust Corp increased its holdings in shares of BioLife Solutions by 24.4% in the 2nd quarter. Northern Trust Corp now owns 16,304 shares of the medical equipment provider’s stock worth $186,000 after purchasing an additional 3,200 shares in the last quarter. Monashee Investment Management LLC bought a new stake in shares of BioLife Solutions in the 3rd quarter worth $337,000. Finally, Bank of Montreal Can increased its holdings in shares of BioLife Solutions by 91.6% in the 3rd quarter. Bank of Montreal Can now owns 19,286 shares of the medical equipment provider’s stock worth $338,000 after purchasing an additional 9,222 shares in the last quarter. 40.67% of the stock is owned by institutional investors.

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About BioLife Solutions

BioLife Solutions, Inc develops, manufactures, and markets patented tissue hypothermic storage and cryopreservation freeze media products for cells, tissues, and organs in the United States. Its products are serum-free and protein-free solutions, which are formulated to reduce preservation-induced, and delayed-onset cell damage and death.

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Earnings History for BioLife Solutions (NASDAQ:BLFS)

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