Proficio Capital Partners LLC Acquires New Position in Azenta, Inc. (NASDAQ:AZTA)

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

Other institutional investors also recently modified their holdings of the company. Farther Finance Advisors LLC boosted its holdings in shares of Azenta by 20.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,537 shares of the company's stock valued at $74,000 after acquiring an additional 256 shares in the last quarter. KBC Group NV lifted its holdings in Azenta by 48.5% during the 4th quarter. KBC Group NV now owns 2,137 shares of the company's stock worth $107,000 after buying an additional 698 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Azenta in the 4th quarter valued at about $200,000. Aigen Investment Management LP acquired a new stake in shares of Azenta in the third quarter valued at about $214,000. Finally, Empowered Funds LLC bought a new position in shares of Azenta during the fourth quarter worth about $293,000. Institutional investors and hedge funds own 99.08% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently commented on AZTA. Evercore ISI upped their target price on Azenta from $50.00 to $52.00 and gave the company an "in-line" rating in a report on Thursday, February 6th. TD Cowen raised shares of Azenta to a "hold" rating in a research note on Thursday, February 27th. Stephens reaffirmed an "overweight" rating and set a $60.00 price target on shares of Azenta in a research report on Thursday, January 2nd. Finally, Needham & Company LLC upped their target price on Azenta from $55.00 to $59.00 and gave the company a "buy" rating in a research report on Thursday, February 6th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $58.75.

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Azenta Trading Down 5.9 %

Shares of NASDAQ:AZTA traded down $2.39 during midday trading on Wednesday, reaching $38.24. The company had a trading volume of 722,662 shares, compared to its average volume of 583,535. Azenta, Inc. has a 52-week low of $37.74 and a 52-week high of $65.29. The company's 50 day moving average price is $48.94 and its 200 day moving average price is $47.29. The stock has a market cap of $1.75 billion, a P/E ratio of -12.83 and a beta of 1.52.

Azenta (NASDAQ:AZTA - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Azenta had a negative net margin of 24.91% and a positive return on equity of 1.25%. Research analysts forecast that Azenta, Inc. will post 0.53 EPS 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.