Intersect ENT Inc (NASDAQ:XENT) shares rose 1.4% during mid-day trading on Tuesday . The company traded as high as $35.10 and last traded at $32.40. Approximately 216,400 shares traded hands during mid-day trading, a decline of 25% from the average daily volume of 290,252 shares. The stock had previously closed at $32.85.

XENT has been the subject of a number of recent analyst reports. Bank of America upped their price objective on Intersect ENT from $33.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, September 11th. Canaccord Genuity upped their price objective on Intersect ENT from $32.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, September 13th. Zacks Investment Research upgraded Intersect ENT from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Thursday, October 5th. Northland Securities restated a “hold” rating and issued a $25.00 price objective on shares of Intersect ENT in a research note on Friday, November 3rd. Finally, BTIG Research restated a “hold” rating on shares of Intersect ENT in a research note on Tuesday, November 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $33.38.

The stock has a market cap of $1,030.00, a P/E ratio of -56.13 and a beta of 0.67.

Intersect ENT (NASDAQ:XENT) last posted its quarterly earnings results on Thursday, November 2nd. The medical equipment provider reported ($0.15) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.05. The company had revenue of $22.31 million during the quarter, compared to the consensus estimate of $21.53 million. Intersect ENT had a negative return on equity of 15.96% and a negative net margin of 19.81%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.22) EPS. sell-side analysts forecast that Intersect ENT Inc will post -0.63 EPS for the current year.

In other news, Director Frederic H. Moll sold 6,700 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $28.77, for a total transaction of $192,759.00. Following the completion of the transaction, the director now owns 247,124 shares in the company, valued at approximately $7,109,757.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lisa D. Earnhardt sold 10,685 shares of the stock in a transaction on Friday, December 15th. The stock was sold at an average price of $31.87, for a total value of $340,530.95. Following the transaction, the insider now owns 487,868 shares of the company’s stock, valued at approximately $15,548,353.16. The disclosure for this sale can be found here. Insiders have sold a total of 126,884 shares of company stock valued at $3,838,019 in the last quarter. 13.70% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of XENT. Great West Life Assurance Co. Can purchased a new stake in Intersect ENT during the 3rd quarter worth about $116,000. Oppenheimer Asset Management Inc. purchased a new stake in Intersect ENT during the 3rd quarter worth about $117,000. Legal & General Group Plc lifted its holdings in Intersect ENT by 3.8% during the 2nd 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 in the last quarter. Moors & Cabot Inc. purchased a new stake in Intersect ENT during the 2nd quarter worth about $205,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in Intersect ENT during the 3rd quarter worth about $228,000. 86.31% of the stock is currently owned by institutional investors and hedge funds.

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Intersect ENT Company Profile

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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