Shares of Polarityte Inc (NASDAQ:COOL) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a 12-month consensus price target of $65.00 for the company, according to Zacks. Zacks has also assigned Polarityte an industry rank of 120 out of 255 based on the ratings given to related companies.
A number of analysts have recently issued reports on COOL shares. BidaskClub raised Polarityte from a “hold” rating to a “buy” rating in a research report on Wednesday, May 16th. ValuEngine lowered shares of Polarityte from a “buy” rating to a “hold” rating in a report on Tuesday, June 26th. Zacks Investment Research lowered shares of Polarityte from a “hold” rating to a “sell” rating in a report on Monday, June 4th. Finally, Cantor Fitzgerald reduced their target price on shares of Polarityte from $70.00 to $65.00 and set a “buy” rating on the stock in a report on Tuesday, June 12th.
Polarityte (NASDAQ:COOL) last announced its earnings results on Thursday, June 14th. The company reported ($1.47) EPS for the quarter. equities analysts predict that Polarityte will post -3.84 earnings per share for the current year.
In related news, Director Peter A. Cohen bought 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 25th. The shares were bought at an average price of $23.20 per share, for a total transaction of $139,200.00. Following the transaction, the director now directly owns 45,000 shares of the company’s stock, valued at $1,044,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 59.91% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can purchased a new stake in Polarityte in the second quarter worth $119,000. Suntrust Banks Inc. acquired a new position in shares of Polarityte during the 1st quarter worth about $181,000. Capital Management Associates NY acquired a new position in shares of Polarityte during the 2nd quarter worth about $200,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Polarityte during the 2nd quarter worth about $382,000. Finally, Wells Fargo & Company MN boosted its position in shares of Polarityte by 265.8% during the 4th quarter. Wells Fargo & Company MN now owns 16,825 shares of the company’s stock worth $391,000 after acquiring an additional 12,225 shares in the last quarter. Institutional investors own 12.45% of the company’s stock.
PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.
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