Richard E. Kaufman Sells 1,250 Shares of Intersect ENT Inc (XENT) Stock
Intersect ENT Inc (NASDAQ:XENT) COO Richard E. Kaufman sold 1,250 shares of the stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $17.25, for a total transaction of $21,562.50. Following the sale, the chief operating officer now directly owns 202,321 shares in the company, valued at approximately $3,490,037.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Intersect ENT Inc (NASDAQ:XENT) traded down 1.96% during mid-day trading on Friday, reaching $17.55. 275,677 shares of the company traded hands. Intersect ENT Inc has a 52-week low of $7.65 and a 52-week high of $20.64. The company’s market capitalization is $503.28 million. The firm’s 50 day moving average price is $16.09 and its 200-day moving average price is $13.76.
Intersect ENT (NASDAQ:XENT) last announced its earnings results on Tuesday, February 28th. The medical equipment provider reported ($0.17) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.20) by $0.03. Intersect ENT had a negative return on equity of 21.25% and a negative net margin of 35.69%. The company had revenue of $24.20 million for the quarter, compared to analyst estimates of $23.47 million. During the same period in the prior year, the company posted ($0.20) EPS. Intersect ENT’s quarterly revenue was up 28.7% on a year-over-year basis. Equities analysts predict that Intersect ENT Inc will post ($0.79) earnings per share for the current fiscal year.
Several institutional investors have recently made changes to their positions in XENT. Bayesian Capital Management LP acquired a new position in shares of Intersect ENT during the fourth quarter worth about $151,000. Moors & Cabot Inc. raised its position in shares of Intersect ENT by 0.9% in the third quarter. Moors & Cabot Inc. now owns 10,950 shares of the medical equipment provider’s stock worth $175,000 after buying an additional 100 shares during the last quarter. Tyers Asset Management LLC acquired a new position in shares of Intersect ENT during the fourth quarter worth about $200,000. Flinton Capital Management LLC acquired a new position in shares of Intersect ENT during the fourth quarter worth about $254,000. Finally, A.R.T. Advisors LLC acquired a new position in shares of Intersect ENT during the fourth quarter worth about $353,000. 77.81% of the stock is currently owned by institutional investors.
Several analysts have recently issued reports on XENT shares. Wedbush reissued an “outperform” rating and set a $25.00 price target on shares of Intersect ENT in a research report on Wednesday, January 11th. Canaccord Genuity reissued a “buy” rating and set a $16.00 price target on shares of Intersect ENT in a research report on Tuesday, February 21st. Deutsche Bank AG raised shares of Intersect ENT from a “hold” rating to a “buy” rating and increased their price target for the stock from $15.00 to $19.00 in a research report on Monday, March 6th. Northland Securities reissued a “buy” rating and set a $17.00 price target on shares of Intersect ENT in a research report on Monday, March 13th. Finally, Zacks Investment Research cut shares of Intersect ENT from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 15th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. Intersect ENT presently has a consensus rating of “Buy” and a consensus target price of $18.00.
Intersect ENT Company Profile
Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.
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