NanoString Technologies, Inc. (NASDAQ:NSTG) Receives Average Recommendation of
Shares of NanoString Technologies, Inc. (NASDAQ:NSTG) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $38.00.
Several equities analysts have weighed in on the company. Zacks Investment Research cut NanoString Technologies from a “hold” rating to a “sell” rating in a report on Friday, August 14th. UBS Group lifted their price objective on NanoString Technologies from $38.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, August 11th. BidaskClub cut NanoString Technologies from a “buy” rating to a “hold” rating in a report on Saturday, October 10th. Finally, Morgan Stanley assumed coverage on NanoString Technologies in a report on Wednesday, September 9th. They issued an “equal weight” rating and a $43.00 price objective for the company.
NASDAQ:NSTG opened at $47.99 on Friday. The stock has a market cap of $2.11 billion, a P/E ratio of -26.81 and a beta of 1.57. The stock has a 50 day simple moving average of $40.75 and a 200 day simple moving average of $36.84. The company has a current ratio of 8.48, a quick ratio of 7.74 and a debt-to-equity ratio of 1.46. NanoString Technologies has a 1-year low of $13.85 and a 1-year high of $49.77.
NanoString Technologies (NASDAQ:NSTG) last released its quarterly earnings results on Monday, November 9th. The biotechnology company reported ($0.56) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.61) by $0.05. NanoString Technologies had a negative return on equity of 75.15% and a negative net margin of 55.26%. As a group, sell-side analysts forecast that NanoString Technologies will post -2.98 EPS for the current year.
In other news, CFO K Thomas Bailey sold 5,937 shares of the business’s stock in a transaction on Wednesday, November 18th. The stock was sold at an average price of $48.21, for a total transaction of $286,222.77. Following the completion of the transaction, the chief financial officer now owns 5,937 shares of the company’s stock, valued at approximately $286,222.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Kirk Malloy sold 2,500 shares of the business’s stock in a transaction on Monday, November 9th. The stock was sold at an average price of $40.96, for a total value of $102,400.00….