BidaskClub cut shares of Intersect ENT, Inc. (NASDAQ:XENT) from a strong-buy rating to a buy rating in a report published on Tuesday morning.

XENT has been the topic of several other research reports. Zacks Investment Research downgraded shares of Intersect ENT from a hold rating to a sell rating in a report on Wednesday, July 5th. ValuEngine upgraded shares of Intersect ENT from a sell rating to a hold rating in a report on Friday, June 2nd. William Blair restated an outperform rating on shares of Intersect ENT in a report on Wednesday, May 10th. Northland Securities downgraded shares of Intersect ENT from an outperform rating to a market perform rating in a report on Wednesday, May 31st. Finally, Canaccord Genuity restated a buy rating on shares of Intersect ENT in a report on Wednesday, May 3rd. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $18.60.

Shares of Intersect ENT (NASDAQ:XENT) traded down 0.18% during trading on Tuesday, hitting $27.25. 188,389 shares of the stock traded hands. The company’s market cap is $784.04 million. Intersect ENT has a one year low of $7.65 and a one year high of $29.55. The firm has a 50 day moving average price of $27.47 and a 200-day moving average price of $19.90.

Intersect ENT (NASDAQ:XENT) last posted its quarterly earnings data on Tuesday, May 2nd. The medical equipment provider reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $0.02. Intersect ENT had a negative net margin of 28.71% and a negative return on equity of 20.49%. The company had revenue of $20.47 million for the quarter, compared to the consensus estimate of $19.39 million. Analysts anticipate that Intersect ENT will post ($0.74) earnings per share for the current fiscal year.

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In related news, COO Richard E. Kaufman sold 12,500 shares of the company’s stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $28.25, for a total value of $353,125.00. Following the sale, the chief operating officer now owns 169,821 shares of the company’s stock, valued at $4,797,443.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Lisa D. Earnhardt sold 20,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $22.98, for a total transaction of $459,600.00. Following the completion of the sale, the insider now directly owns 600,868 shares in the company, valued at approximately $13,807,946.64. The disclosure for this sale can be found here. In the last three months, insiders sold 105,335 shares of company stock worth $2,721,580. 13.70% of the stock is currently owned by insiders.

A number of hedge funds have recently bought and sold shares of XENT. Candriam Luxembourg S.C.A. boosted its stake in Intersect ENT by 14.8% in the first quarter. Candriam Luxembourg S.C.A. now owns 93,000 shares of the medical equipment provider’s stock worth $1,595,000 after buying an additional 12,000 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in Intersect ENT during the fourth quarter worth $377,000. Wellington Management Group LLP boosted its stake in Intersect ENT by 0.4% in the first quarter. Wellington Management Group LLP now owns 2,921,012 shares of the medical equipment provider’s stock worth $50,095,000 after buying an additional 10,683 shares during the last quarter. FMR LLC acquired a new stake in Intersect ENT during the fourth quarter worth $1,452,000. Finally, Teachers Advisors LLC boosted its stake in Intersect ENT by 0.3% in the fourth quarter. Teachers Advisors LLC now owns 59,774 shares of the medical equipment provider’s stock worth $723,000 after buying an additional 206 shares during the last quarter. 76.12% of the stock is currently owned by institutional investors and hedge funds.

About Intersect ENT

Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.

Analyst Recommendations for Intersect ENT (NASDAQ:XENT)

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