Azenta, Inc. $AZTA Shares Newly Acquired by Inspire Investing LLC

Inspire Investing LLC acquired a new stake in Azenta, Inc. (NASDAQ:AZTA) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 18,178 shares of the company’s stock, valued at approximately $634,000.

A number of other institutional investors have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Azenta in the 2nd quarter worth approximately $192,152,000. Conestoga Capital Advisors LLC boosted its position in Azenta by 116.1% during the first quarter. Conestoga Capital Advisors LLC now owns 2,844,546 shares of the company’s stock worth $60,105,000 after purchasing an additional 1,528,145 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Azenta by 16.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,613,914 shares of the company’s stock valued at $34,183,000 after purchasing an additional 225,867 shares during the last quarter. Front Street Capital Management Inc. acquired a new position in Azenta during the second quarter valued at approximately $33,212,000. Finally, American Capital Management Inc. grew its holdings in Azenta by 26.9% during the first quarter. American Capital Management Inc. now owns 1,296,024 shares of the company’s stock valued at $27,385,000 after purchasing an additional 274,588 shares during the last quarter. 99.08% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AZTA has been the topic of a number of recent analyst reports. Wall Street Zen lowered shares of Azenta from a “buy” rating to a “hold” rating in a research report on Sunday, October 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $37.00 price objective on shares of Azenta in a report on Monday, September 14th. Finally, Weiss Ratings upgraded shares of Azenta from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 26th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Azenta presently has a consensus rating of “Hold” and a consensus price target of $41.20.

Azenta Stock Performance

Azenta stock opened at $41.27 on Friday. The business’s 50-day simple moving average is $34.92 and its 200-day simple moving average is $28.50. The firm has a market capitalization of $1.81 billion, a PE ratio of -14.95 and a beta of 1.52. Azenta, Inc. has a 52 week low of $15.93 and a 52 week high of $46.41.

Azenta (NASDAQ:AZTA) last announced its earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.05. Azenta had a positive return on equity of 1.18% and a negative net margin of 20.63%. The firm had revenue of $161.18 million during the quarter, compared to the consensus estimate of $149.31 million.

Azenta Profile

Azenta, Inc is a life sciences company that provides products and services for the management, storage, and analysis of biological and chemical samples. Its offerings support pharmaceutical, biotechnology, academic, and clinical research organizations throughout the sample lifecycle, from collection and processing to long-term storage and retrieval.

The company’s portfolio includes automated and ultra-low-temperature sample storage systems, laboratory automation equipment, consumables, and software for sample tracking and management.