Shares of Intersect ENT, Inc. (NASDAQ:XENT) have been given an average rating of “Buy” by the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $30.57.
Several analysts have issued reports on XENT shares. Zacks Investment Research upgraded shares of Intersect ENT from a “hold” rating to a “buy” rating and set a $33.00 price target for the company in a research report on Thursday, October 5th. Canaccord Genuity upped their price target on shares of Intersect ENT from $32.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, September 13th. Bank of America Corporation upped their price target on shares of Intersect ENT from $33.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, September 11th. Piper Jaffray Companies restated a “buy” rating and set a $35.00 price target on shares of Intersect ENT in a research report on Tuesday, August 22nd. Finally, Deutsche Bank AG set a $31.00 price objective on shares of Intersect ENT and gave the company a “buy” rating in a research note on Wednesday, August 2nd.
In related news, COO Richard E. Kaufman sold 22,425 shares of the stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $30.22, for a total value 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 $4,527,590.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Jeryl L. Hilleman sold 12,833 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $31.05, for a total transaction of $398,464.65. Following the completion of the transaction, the chief financial officer now directly owns 27,833 shares of the company’s stock, valued at $864,214.65. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 136,263 shares of company stock valued at $4,007,798. Insiders own 13.70% of the company’s stock.
Shares of Intersect ENT (NASDAQ XENT) opened at $29.90 on Friday. Intersect ENT has a 1 year low of $9.20 and a 1 year high of $33.25.
Intersect ENT (NASDAQ:XENT) last posted its quarterly earnings results on Thursday, November 2nd. The medical equipment provider reported ($0.15) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.05. Intersect ENT had a negative net margin of 19.81% and a negative return on equity of 15.96%. The business had revenue of $22.31 million during the quarter, compared to analyst estimates of $21.53 million. During the same period in the prior year, the business posted ($0.22) earnings per share. The company’s revenue was up 20.8% on a year-over-year basis. equities analysts expect that Intersect ENT will post -0.63 earnings per share for the current year.
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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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