BioLife Solutions (BLFS) Rating Lowered to Hold at BidaskClub

BidaskClub lowered shares of BioLife Solutions (NASDAQ:BLFS) from a buy rating to a hold rating in a report issued on Saturday morning.

BLFS has been the subject of several other reports. Janney Montgomery Scott upgraded BioLife Solutions to a buy rating and set a $5.00 price target for the company in a report on Thursday, December 20th. B. Riley set a $22.00 price objective on BioLife Solutions and gave the stock a buy rating in a research report on Friday, November 9th. Finally, ValuEngine raised BioLife Solutions from a hold rating to a buy rating in a research report on Thursday, January 31st. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. BioLife Solutions presently has an average rating of Buy and an average target price of $17.75.

Shares of BioLife Solutions stock opened at $16.74 on Friday. BioLife Solutions has a 1 year low of $4.85 and a 1 year high of $26.35. The stock has a market capitalization of $302.29 million, a price-to-earnings ratio of -79.71 and a beta of 1.49.

In other news, Director Andrew G. Hinson sold 4,000 shares of the company’s stock in a transaction dated Thursday, December 13th. The stock was sold at an average price of $12.05, for a total transaction of $48,200.00. Following the completion of the transaction, the director now directly owns 45,747 shares of the company’s stock, valued at $551,251.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Todd Berard sold 3,000 shares of the company’s stock in a transaction dated Tuesday, January 15th. The stock was sold at an average price of $12.12, for a total value of $36,360.00. Following the transaction, the vice president now directly owns 37,583 shares of the company’s stock, valued at $455,505.96. The disclosure for this sale can be found here. Insiders have sold 76,650 shares of company stock valued at $998,827 over the last ninety days. 38.50% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of BLFS. Canton Hathaway LLC acquired a new position in BioLife Solutions during the fourth quarter valued at approximately $66,000. GSA Capital Partners LLP boosted its position in BioLife Solutions by 21.1% during the fourth quarter. GSA Capital Partners LLP now owns 13,800 shares of the medical equipment provider’s stock valued at $166,000 after purchasing an additional 2,400 shares during the last quarter. Northern Trust Corp boosted its position in BioLife Solutions by 24.4% during the second quarter. Northern Trust Corp now owns 16,304 shares of the medical equipment provider’s stock valued at $186,000 after purchasing an additional 3,200 shares during the last quarter. Weiss Multi Strategy Advisers LLC acquired a new position in BioLife Solutions during the fourth quarter valued at approximately $241,000. Finally, Janney Montgomery Scott LLC boosted its position in BioLife Solutions by 7.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 20,515 shares of the medical equipment provider’s stock valued at $247,000 after purchasing an additional 1,400 shares during the last quarter. 42.09% of the stock is owned by hedge funds and other institutional investors.

About BioLife Solutions

BioLife Solutions, Inc develops, manufactures, and markets patented tissue hypothermic storage and cryopreservation freeze media products for cells, tissues, and organs in the United States. Its products are serum-free and protein-free solutions, which are formulated to reduce preservation-induced, and delayed-onset cell damage and death.

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