BioNano Genomics (BNGO) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of BioNano Genomics (NASDAQ:BNGO) from a hold rating to a buy rating in a research note published on Wednesday morning.

BNGO has been the topic of several other reports. Maxim Group assumed coverage on shares of BioNano Genomics in a report on Tuesday, September 25th. They issued a buy rating on the stock. Roth Capital assumed coverage on shares of BioNano Genomics in a report on Wednesday, September 26th. They issued a buy rating and a $12.00 price objective on the stock.

Shares of BNGO stock traded down $0.10 during trading hours on Wednesday, hitting $6.85. The company’s stock had a trading volume of 1,411 shares, compared to its average volume of 4,770. BioNano Genomics has a 12-month low of $5.51 and a 12-month high of $10.00.

In other news, major shareholder Domain Partners Viii, L.P. purchased 15,000 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were purchased at an average cost of $6.13 per share, with a total value of $91,950.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher J. Twomey purchased 10,000 shares of the stock in a transaction that occurred on Thursday, August 23rd. The shares were purchased at an average cost of $6.13 per share, for a total transaction of $61,300.00. The disclosure for this purchase can be found here. Insiders have purchased 31,339 shares of company stock worth $193,432 over the last three months.

BioNano Genomics Company Profile

BioNano Genomics, Inc operates as a life sciences instrumentation company in the genome analysis space. The company develops and markets the Saphyr system, a platform for ultra-sensitive and ultra-specific structural variation detection that enables researchers and clinicians to accelerate the search for new diagnostics and therapeutic targets and to streamline the study of changes in chromosomes, which is known as cytogenetics.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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