Intersect ENT, Inc. (XENT) Insider Lisa D. Earnhardt Sells 20,000 Shares of Stock
Intersect ENT, Inc. (NASDAQ:XENT) insider Lisa D. Earnhardt sold 20,000 shares of Intersect ENT stock in a transaction on Monday, October 16th. The stock was sold at an average price of $28.37, for a total transaction of $567,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of Intersect ENT, Inc. (NASDAQ XENT) opened at 28.65 on Wednesday. Intersect ENT, Inc. has a 52 week low of $7.65 and a 52 week high of $33.25. The stock has a 50 day moving average of $30.18 and a 200 day moving average of $26.24. The firm’s market cap is $836.26 million.
Intersect ENT (NASDAQ:XENT) last issued its quarterly earnings results on Tuesday, August 1st. The medical equipment provider reported ($0.08) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.11. Intersect ENT had a negative return on equity of 17.60% and a negative net margin of 22.94%. The company had revenue of $24.00 million for the quarter, compared to analysts’ expectations of $22.62 million. During the same quarter last year, the business earned ($0.21) earnings per share. Intersect ENT’s revenue was up 24.4% on a year-over-year basis. Analysts anticipate that Intersect ENT, Inc. will post ($0.61) earnings per share for the current fiscal year.
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A number of research firms have weighed in on XENT. TheStreet upgraded shares of Intersect ENT from a “d” rating to a “c-” rating in a research note on Tuesday, August 1st. Zacks Investment Research upgraded shares of Intersect ENT from a “sell” rating to a “hold” rating in a research note on Wednesday, July 26th. BidaskClub downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Deutsche Bank AG set a $31.00 price target on shares of Intersect ENT and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Finally, Canaccord Genuity reiterated a “buy” rating and set a $32.00 price target on shares of Intersect ENT in a research note on Wednesday, August 2nd. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Intersect ENT currently has a consensus rating of “Buy” and a consensus target price of $27.70.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Legal & General Group Plc increased its position in shares of Intersect ENT by 3.8% in the second quarter. Legal & General Group Plc now owns 6,939 shares of the medical equipment provider’s stock worth $193,000 after purchasing an additional 255 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its stake in Intersect ENT by 109.1% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 11,500 shares of the medical equipment provider’s stock valued at $196,000 after buying an additional 6,000 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in Intersect ENT in the second quarter valued at about $205,000. Prudential Financial Inc. acquired a new stake in Intersect ENT in the second quarter valued at about $229,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in Intersect ENT in the second quarter valued at about $229,000. Institutional investors own 83.12% of the company’s stock.
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.
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