Shares of CryoPort Inc (NASDAQ:CYRX) reached a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $11.48 and last traded at $11.62, with a volume of 37955 shares. The stock had previously closed at $10.80.
Several analysts have issued reports on CYRX shares. BidaskClub cut shares of CryoPort from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, March 28th. ValuEngine upgraded shares of CryoPort from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, May 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $11.00 target price (up from $10.00) on shares of CryoPort in a research note on Thursday, March 8th. Five equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $11.63.
The company has a market capitalization of $279.83 million, a PE ratio of -35.35 and a beta of 0.71.
CryoPort (NASDAQ:CYRX) last posted its quarterly earnings data on Thursday, May 3rd. The consumer goods maker reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.03). The company had revenue of $4.02 million for the quarter, compared to analysts’ expectations of $3.84 million. CryoPort had a negative net margin of 66.29% and a negative return on equity of 48.12%. The business’s quarterly revenue was up 48.3% compared to the same quarter last year. During the same quarter last year, the business posted ($0.10) EPS. sell-side analysts forecast that CryoPort Inc will post -0.29 earnings per share for the current fiscal year.
In other news, CEO Jerrell Shelton sold 29,257 shares of the firm’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $9.83, for a total transaction of $287,596.31. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 9.60% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Pier Capital LLC bought a new position in shares of CryoPort during the 4th quarter valued at $2,916,000. Millennium Management LLC grew its holdings in shares of CryoPort by 205.0% during the 1st quarter. Millennium Management LLC now owns 434,068 shares of the consumer goods maker’s stock valued at $3,733,000 after purchasing an additional 291,737 shares during the last quarter. Allianz Asset Management GmbH grew its holdings in shares of CryoPort by 240.5% during the 4th quarter. Allianz Asset Management GmbH now owns 387,099 shares of the consumer goods maker’s stock valued at $3,325,000 after purchasing an additional 273,426 shares during the last quarter. BlackRock Inc. grew its holdings in shares of CryoPort by 154.6% during the 1st quarter. BlackRock Inc. now owns 287,269 shares of the consumer goods maker’s stock valued at $2,470,000 after purchasing an additional 174,440 shares during the last quarter. Finally, Needham Investment Management LLC grew its holdings in shares of CryoPort by 158.6% during the 1st quarter. Needham Investment Management LLC now owns 187,500 shares of the consumer goods maker’s stock valued at $1,613,000 after purchasing an additional 115,000 shares during the last quarter. Hedge funds and other institutional investors own 28.67% of the company’s stock.
CryoPort Company Profile
Cryoport, Inc provides cryogenic logistics solutions to the life sciences industry in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers Cryoportal, a cloud-based logistics management platform that supports the management of shipments, which includes order entry, document preparation, customs documentation, courier management, real-time shipment tracking, issue resolution, and regulatory compliance requirements; and CryoPort Express Shippers, a dry vapor cryogenic shipper that use liquid nitrogen contained inside a vacuum insulated vessel, which serves as a refrigerant to provide stable storage temperatures.
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