Azenta, Inc. (NASDAQ:AZTA) Short Interest Update

Azenta, Inc. (NASDAQ:AZTA) saw a significant growth in short interest in the month of September. As of September 15th, there was short interest totalling 5,380,000 shares, a growth of 5.3% from the August 31st total of 5,110,000 shares. Currently, 11.3% of the shares of the stock are sold short. Based on an average trading volume of 590,300 shares, the days-to-cover ratio is presently 9.1 days.

Azenta Trading Down 1.9 %

Shares of NASDAQ AZTA opened at $47.50 on Wednesday. The business has a 50-day moving average of $51.37 and a 200-day moving average of $53.11. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of -17.53 and a beta of 1.47. Azenta has a 12 month low of $44.00 and a 12 month high of $69.16.

Azenta (NASDAQ:AZTA) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.07 by $0.09. The business had revenue of $173.00 million during the quarter, compared to analysts’ expectations of $166.14 million. Azenta had a negative net margin of 23.66% and a positive return on equity of 0.89%. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. On average, analysts predict that Azenta will post 0.33 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Azenta by 1.9% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,298,040 shares of the company’s stock worth $278,783,000 after buying an additional 100,826 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Azenta by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,970,964 shares of the company’s stock worth $156,331,000 after acquiring an additional 421,719 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Azenta by 5.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,115,816 shares of the company’s stock valued at $58,714,000 after purchasing an additional 56,387 shares in the last quarter. Stephens Investment Management Group LLC grew its holdings in shares of Azenta by 1.7% during the 4th quarter. Stephens Investment Management Group LLC now owns 887,158 shares of the company’s stock valued at $57,789,000 after purchasing an additional 14,626 shares during the last quarter. Finally, Schroder Investment Management Group raised its position in Azenta by 14.6% in the 4th quarter. Schroder Investment Management Group now owns 625,515 shares of the company’s stock worth $40,746,000 after purchasing an additional 79,913 shares during the period. Institutional investors own 99.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AZTA. Evercore ISI decreased their target price on shares of Azenta from $53.00 to $50.00 and set an “in-line” rating on the stock in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $69.00 price target on shares of Azenta in a research report on Wednesday, August 7th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $66.40.

About Azenta

Azenta, Inc provides biological and chemical compound sample exploration and management solutions for the life sciences market in North America, Africa, China, the United Kingdom, rest of Europe, the Asia Pacific, and internationally. The company operates in two reportable segments, Life Sciences Products and Life Sciences Services.