Intersect ENT, Inc. (NASDAQ:XENT) announced its quarterly earnings data on Thursday. The medical equipment provider reported ($0.15) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.20) by $0.05, Bloomberg Earnings reports. The business had revenue of $22.31 million for the quarter, compared to analyst estimates of $21.53 million. Intersect ENT had a negative net margin of 19.81% and a negative return on equity of 16.02%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.22) earnings per share.

Intersect ENT (XENT) traded up $0.65 during trading hours on Friday, hitting $28.95. 394,084 shares of the company’s stock traded hands, compared to its average volume of 196,048.

In other news, COO Richard E. Kaufman sold 22,425 shares of the firm’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $30.22, for a total transaction of $677,683.50. Following the completion of the transaction, the chief operating officer now directly owns 149,821 shares of the company’s stock, valued at approximately $4,527,590.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Lisa D. Earnhardt sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $30.79, for a total transaction of $615,800.00. Following the transaction, the insider now directly owns 525,868 shares of the company’s stock, valued at $16,191,475.72. The disclosure for this sale can be found here. Insiders sold a total of 121,730 shares of company stock worth $3,642,747 over the last 90 days. Company insiders own 13.70% of the company’s stock.

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XENT has been the topic of a number of research reports. BidaskClub lowered shares of Intersect ENT from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and issued a $32.00 price objective on shares of Intersect ENT in a research report on Wednesday, August 2nd. Deutsche Bank AG set a $31.00 price objective on shares of Intersect ENT and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Intersect ENT from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday, October 5th. Finally, Bank of America Corporation upped their price target on shares of Intersect ENT from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, September 11th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $29.00.

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.

Earnings History for Intersect ENT (NASDAQ:XENT)

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