Oxford Immunotec Global PLC (OXFD) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Oxford Immunotec Global PLC (NASDAQ:OXFD) from a sell rating to a hold rating in a research note published on Wednesday.
According to Zacks, “Oxford Immunotec Global PLC is a medical diagnostics company. It develops new tests for various diseases based on its, patented T cell measurement technology. The company’s first product is the T-SPOT(R). Oxford Immunotec Global PLC is headquartered in Abingdon, the United Kingdom. “
Several other equities research analysts have also recently weighed in on the stock. Cowen and Company reiterated a buy rating and issued a $19.00 target price on shares of Oxford Immunotec Global PLC in a research note on Thursday, September 28th. BTIG Research assumed coverage on shares of Oxford Immunotec Global PLC in a research note on Thursday, September 28th. They issued a buy rating and a $21.00 target price for the company. Finally, Piper Jaffray Companies reiterated a buy rating and issued a $26.00 target price on shares of Oxford Immunotec Global PLC in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $22.00.
Shares of Oxford Immunotec Global PLC (NASDAQ OXFD) opened at 16.77 on Wednesday. Oxford Immunotec Global PLC has a 52 week low of $11.88 and a 52 week high of $19.51. The firm’s market cap is $386.98 million. The firm’s 50-day moving average price is $15.83 and its 200 day moving average price is $15.64.
Oxford Immunotec Global PLC (NASDAQ:OXFD) last issued its quarterly earnings results on Tuesday, August 1st. The company reported ($0.32) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.32). Oxford Immunotec Global PLC had a negative return on equity of 35.76% and a negative net margin of 34.58%. The company had revenue of $26.10 million for the quarter, compared to the consensus estimate of $25.05 million. During the same period last year, the business posted ($0.29) earnings per share. The firm’s revenue was up 35.9% compared to the same quarter last year. Equities analysts anticipate that Oxford Immunotec Global PLC will post ($1.61) EPS for the current year.
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In other Oxford Immunotec Global PLC news, CEO Peter Wrighton-Smith sold 55,000 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $16.78, for a total transaction of $922,900.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Richard A. Sandberg sold 3,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $15.82, for a total transaction of $47,460.00. Following the transaction, the director now owns 18,000 shares of the company’s stock, valued at approximately $284,760. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,110 shares of company stock valued at $1,523,514. 8.11% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in OXFD. Teachers Advisors LLC lifted its stake in Oxford Immunotec Global PLC by 19.6% during the fourth quarter. Teachers Advisors LLC now owns 39,932 shares of the company’s stock worth $597,000 after purchasing an additional 6,550 shares during the period. Nationwide Fund Advisors lifted its stake in Oxford Immunotec Global PLC by 1.9% during the first quarter. Nationwide Fund Advisors now owns 13,765 shares of the company’s stock worth $213,000 after purchasing an additional 254 shares during the period. Russell Investments Group Ltd. bought a new position in Oxford Immunotec Global PLC during the first quarter worth about $1,135,000. Wells Fargo & Company MN lifted its stake in Oxford Immunotec Global PLC by 129.2% during the first quarter. Wells Fargo & Company MN now owns 65,937 shares of the company’s stock worth $1,021,000 after purchasing an additional 37,163 shares during the period. Finally, American International Group Inc. lifted its stake in Oxford Immunotec Global PLC by 7.1% during the first quarter. American International Group Inc. now owns 13,668 shares of the company’s stock worth $212,000 after purchasing an additional 904 shares during the period. Hedge funds and other institutional investors own 79.21% of the company’s stock.
About Oxford Immunotec Global PLC
Oxford Immunotec Global PLC is a diagnostics company. The Company is focused on developing and commercializing tests for under-served immune-regulated conditions. The Company’s product lines and development activities principally focus on four areas: infectious diseases, transplantation, autoimmune and inflammatory disease and immune-oncology.
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