Drive Wealth Management LLC Buys Shares of 14,350 908 Devices Inc. (NASDAQ:MASS)

Drive Wealth Management LLC purchased a new position in shares of 908 Devices Inc. (NASDAQ:MASS) in the 3rd quarter, Holdings Channel reports. The firm purchased 14,350 shares of the company’s stock, valued at approximately $50,000.

Other large investors also recently modified their holdings of the company. Bank of New York Mellon Corp increased its holdings in 908 Devices by 6.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 69,550 shares of the company’s stock worth $358,000 after purchasing an additional 4,212 shares in the last quarter. American Century Companies Inc. increased its stake in shares of 908 Devices by 18.6% in the second quarter. American Century Companies Inc. now owns 33,718 shares of the company’s stock valued at $174,000 after buying an additional 5,295 shares during the period. Vanguard Group Inc. raised its holdings in 908 Devices by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 1,751,102 shares of the company’s stock valued at $13,221,000 after buying an additional 6,772 shares during the last quarter. GAMMA Investing LLC acquired a new stake in 908 Devices during the 2nd quarter worth approximately $48,000. Finally, SG Americas Securities LLC acquired a new position in 908 Devices in the 3rd quarter valued at approximately $36,000. 88.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MASS. Stifel Nicolaus decreased their price objective on 908 Devices from $17.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 13th. Leerink Partnrs downgraded 908 Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Finally, Leerink Partners reaffirmed a “market perform” rating and issued a $4.00 price objective (down from $12.00) on shares of 908 Devices in a research note on Wednesday, November 13th.

908 Devices Trading Down 1.3 %

Shares of MASS opened at $2.36 on Tuesday. The firm’s fifty day simple moving average is $3.40 and its two-hundred day simple moving average is $4.62. 908 Devices Inc. has a 12 month low of $2.19 and a 12 month high of $12.51. The stock has a market capitalization of $82.18 million, a P/E ratio of -1.33 and a beta of 0.98.

908 Devices Profile

908 Devices Inc, a commercial-stage technology company, provides various purpose-built handheld and desktop mass spectrometry devices to interrogate unknown and invisible materials in life sciences research, bioprocessing, pharma/biopharma, forensics, and adjacent markets. The company's products include MX908, a handheld, battery-powered, and Mass Spec device that is designed for rapid analysis of solid, liquid, vapor, and aerosol materials of unknown identity; Rebel, a small desktop analyzer that provides real-time information on the extracellular environment in bioprocesses; and Maverick, an optical in-line analyzer that offers real-time monitoring and control of multiple bioprocess parameters, including glucose, lactate, and total biomass in mammalian cell cultures, as well as provides process fingerprint data to support large-scale efforts in predictive bioprocess modeling.