BidaskClub upgraded shares of CryoPort (NASDAQ:CYRX) from a buy rating to a strong-buy rating in a report released on Friday.

Separately, ValuEngine cut CryoPort from a strong-buy rating to a buy rating in a research note on Tuesday, January 15th. Four analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus target price of $19.75.

NASDAQ:CYRX traded up $0.25 during trading hours on Friday, reaching $11.95. 135,975 shares of the stock were exchanged, compared to its average volume of 169,602. CryoPort has a twelve month low of $6.66 and a twelve month high of $16.88. The stock has a market capitalization of $363.27 million, a price-to-earnings ratio of -35.15 and a beta of 1.22.

A number of large investors have recently added to or reduced their stakes in CYRX. Metropolitan Life Insurance Co. NY lifted its stake in CryoPort by 356.6% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 8,607 shares of the consumer goods maker’s stock worth $95,000 after purchasing an additional 6,722 shares in the last quarter. FNY Investment Advisers LLC purchased a new stake in shares of CryoPort during the third quarter worth $147,000. HRT Financial LLC purchased a new stake in shares of CryoPort during the third quarter worth $156,000. MML Investors Services LLC purchased a new stake in shares of CryoPort during the fourth quarter worth $157,000. Finally, Bank of America Corp DE increased its position in shares of CryoPort by 92.3% during the fourth quarter. Bank of America Corp DE now owns 16,037 shares of the consumer goods maker’s stock worth $176,000 after acquiring an additional 7,697 shares during the period. Institutional investors own 47.17% of the company’s stock.

About CryoPort

Cryoport, Inc provides cryogenic logistics solutions to the life sciences industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoportal, a cloud-based logistics management platform that supports the management of shipments, which includes order entry, document preparation, customs documentation, courier management, real-time shipment tracking, issue resolution, and regulatory compliance requirements; and CryoPort Express Shippers, a dry vapor cryogenic shipper that use liquid nitrogen contained inside a vacuum insulated vessel, which serves as a refrigerant to provide stable storage temperatures.

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