BioLife Solutions, Inc. (NASDAQ:BLFS) had its price target increased by Maxim Group from $7.00 to $8.00 in a research report sent to investors on Friday morning, MarketBeat Ratings reports. Maxim Group currently has a buy rating on the medical equipment provider’s stock.

Shares of BioLife Solutions (BLFS) traded up $0.30 during trading hours on Friday, hitting $6.21. 173,700 shares of the company’s stock were exchanged, compared to its average volume of 107,127. BioLife Solutions has a 52 week low of $1.50 and a 52 week high of $7.53.

BioLife Solutions (NASDAQ:BLFS) last issued its earnings results on Thursday, November 9th. The medical equipment provider reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $2.96 million during the quarter, compared to analyst estimates of $2.60 million. BioLife Solutions had a negative net margin of 52.10% and a negative return on equity of 49.92%. equities research analysts expect that BioLife Solutions will post -0.24 earnings per share for the current fiscal year.

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Hedge funds have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC acquired a new stake in shares of BioLife Solutions in the 3rd quarter valued at $484,000. EAM Investors LLC acquired a new stake in shares of BioLife Solutions in the 3rd quarter valued at $555,000. Finally, Granite Investment Partners LLC acquired a new stake in shares of BioLife Solutions in the 3rd quarter valued at $1,205,000. 3.27% of the stock is owned by institutional investors and hedge funds.

BioLife Solutions Company Profile

BioLife Solutions, Inc (BioLife) is engaged in the developing, manufacturing and marketing a portfolio of biopreservation tools and services for cells, tissues and organs, including clinical grade cell and tissue hypothermic storage and cryopreservation freeze media and a related cloud hosted biologistics cold chain management application for shippers.

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