BioLife Solutions (NASDAQ:BLFS) Shares Gap Down to $24.67

Shares of BioLife Solutions, Inc. (NASDAQ:BLFSGet Rating) gapped down before the market opened on Wednesday . The stock had previously closed at $24.67, but opened at $24.12. BioLife Solutions shares last traded at $23.98, with a volume of 128 shares traded.

Analyst Upgrades and Downgrades

Separately, Cowen decreased their price target on BioLife Solutions to $29.00 in a research report on Monday, August 15th. One analyst has rated the stock with a sell rating and three have given a buy rating to the stock. According to MarketBeat.com, BioLife Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $31.25.

BioLife Solutions Stock Down 4.2 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 3.55 and a quick ratio of 2.54. The company has a market cap of $950.52 million, a P/E ratio of -9.92 and a beta of 1.91. The stock has a 50-day moving average of $22.20 and a 200 day moving average of $18.45.

Insider Buying and Selling

In related news, COO Greef Roderick De sold 9,158 shares of the firm’s stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $15.79, for a total value of $144,604.82. Following the transaction, the chief operating officer now owns 124,458 shares in the company, valued at $1,965,191.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other BioLife Solutions news, CRO Marcus Schulz sold 4,600 shares of BioLife Solutions stock in a transaction dated Wednesday, August 3rd. The stock was sold at an average price of $20.03, for a total value of $92,138.00. Following the transaction, the executive now owns 36,218 shares in the company, valued at $725,446.54. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Greef Roderick De sold 9,158 shares of BioLife Solutions stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $15.79, for a total value of $144,604.82. Following the completion of the transaction, the chief operating officer now owns 124,458 shares in the company, valued at approximately $1,965,191.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,945 shares of company stock worth $306,491. Company insiders own 3.30% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. KBC Group NV acquired a new stake in shares of BioLife Solutions during the second quarter valued at about $36,000. Point72 Hong Kong Ltd acquired a new stake in shares of BioLife Solutions during the first quarter valued at about $36,000. Lazard Asset Management LLC acquired a new stake in shares of BioLife Solutions during the first quarter valued at about $45,000. Captrust Financial Advisors boosted its stake in shares of BioLife Solutions by 714.2% during the second quarter. Captrust Financial Advisors now owns 3,949 shares of the medical equipment provider’s stock valued at $55,000 after purchasing an additional 3,464 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its stake in shares of BioLife Solutions by 18.7% during the second quarter. Mutual of America Capital Management LLC now owns 5,128 shares of the medical equipment provider’s stock valued at $71,000 after purchasing an additional 808 shares in the last quarter. Institutional investors own 86.69% of the company’s stock.

About BioLife Solutions

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BioLife Solutions, Inc develops, manufactures, and supplies bioproduction tools and services for the cell and gene therapy industry in the United States, Canada, Europe, the Middle East, Africa, and internationally. The company's products are used in the basic and applied research, and commercial manufacturing of biologic-based therapies.

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