Janney Montgomery Scott LLC Boosts Holdings in Azenta, Inc. (NASDAQ:AZTA)

Janney Montgomery Scott LLC boosted its position in shares of Azenta, Inc. (NASDAQ:AZTA – Get Rating) by 13.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,310 shares of the company’s stock after buying an additional 2,357 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Azenta were worth $828,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of AZTA. Glassman Wealth Services bought a new stake in shares of Azenta during the second quarter worth $25,000. Quadrant Capital Group LLC bought a new stake in shares of Azenta during the second quarter worth $26,000. Castle Wealth Management LLC bought a new stake in shares of Azenta during the second quarter worth $34,000. Assetmark Inc. bought a new stake in shares of Azenta during the second quarter worth $39,000. Finally, Tompkins Financial Corp bought a new stake in shares of Azenta during the second quarter worth $43,000. 96.42% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AZTA. Needham & Company LLC lifted their target price on Azenta from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Tuesday, November 15th. TheStreet upgraded Azenta from a “d+” rating to a “c-” rating in a research report on Tuesday, December 13th. KeyCorp decreased their price objective on Azenta from $90.00 to $70.00 and set an “overweight” rating for the company in a report on Monday, October 24th. Finally, Stephens lifted their price objective on Azenta from $60.00 to $65.00 in a report on Thursday, November 17th. Four research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $72.60.

Azenta Price Performance

AZTA stock opened at $56.56 on Friday. The business has a 50-day moving average price of $58.69 and a 200 day moving average price of $55.91. The company has a market capitalization of $3.91 billion, a P/E ratio of 2.00 and a beta of 1.61. Azenta, Inc. has a 1-year low of $37.61 and a 1-year high of $93.39.

Azenta (NASDAQ:AZTA – Get Rating) last released its quarterly earnings data on Monday, November 14th. The company reported $0.16 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.10. The firm had revenue of $137.57 million during the quarter, compared to the consensus estimate of $132.01 million. Azenta had a return on equity of 1.31% and a net margin of 383.23%. On average, analysts anticipate that Azenta, Inc. will post 0.33 earnings per share for the current fiscal year.

About Azenta

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Azenta, Inc is a provider of life sciences sample exploration and management solutions for the life sciences market. It operates through the Life Sciences Products and Life Sciences Services segments. The Life Sciences Products segment is involved in automated cold storage solutions for biological and chemical compound samples.