Stevanato Group (NYSE:STVN) Shares Climb 5.5% – What’s Next?

Stevanato Group S.p.A. (NYSE:STVN) shot up 5.5% during mid-day trading on Thursday. The stock traded as high as €14.65 and last traded at €14.67. Approximately 259,294 shares were traded during mid-day trading, a decline of 54% from the average daily volume of 560,264 shares. The stock had previously closed at €13.91.

Analyst Ratings Changes

STVN has been the topic of several research reports. Deutsche Bank assumed coverage on shares of Stevanato Group in a research report on Wednesday, October 7th. They issued a “hold” rating on the stock. Weiss Ratings upgraded Stevanato Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 27th. Citigroup reduced their target price on Stevanato Group from $26.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, November 4th. William Blair cut Stevanato Group from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 4th. Finally, UBS Group dropped their price target on Stevanato Group from $23.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, November 4th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Stevanato Group Stock Up 4.3%

The firm’s 50 day moving average is €19.36 and its two-hundred day moving average is €17.93. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of 25.06, a P/E/G ratio of 1.40 and a beta of 0.80. The company has a current ratio of 1.73, a quick ratio of 1.19 and a debt-to-equity ratio of 0.22.

Stevanato Group (NYSE:STVN) last released its quarterly earnings results on Tuesday, November 3rd. The company reported €0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of €0.17 by (€0.01). Stevanato Group had a return on equity of 10.51% and a net margin of 11.24%. The firm had revenue of €326.06 million for the quarter. On average, sell-side analysts predict that Stevanato Group S.p.A. will post 0.67 EPS for the current year.

Insider Activity

In related news, Director Donald E. Morel, Jr. purchased 25,000 shares of the business’s stock in a transaction on Friday, November 6th. The shares were bought at an average price of €13.07 per share, with a total value of €326,750.00. Following the completion of the purchase, the director directly owned 62,424 shares in the company, valued at approximately €815,881.68. This trade represents a 66.80% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mauro Stocchi sold 13,649 shares of the stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of €21.50, for a total transaction of €293,453.50. Following the transaction, the insider directly owned 400,000 shares in the company, valued at approximately €8,600,000. This represents a 3.30% decrease in their position. The SEC filing for this sale provides additional information. 0.70% of the stock is owned by insiders.

Institutional Trading of Stevanato Group

Institutional investors have recently made changes to their positions in the stock. GW&K Investment Management LLC increased its holdings in shares of Stevanato Group by 118.3% during the 3rd quarter. GW&K Investment Management LLC now owns 6,086 shares of the company’s stock worth $128,000 after buying an additional 3,298 shares during the last quarter. Ieq Capital LLC acquired a new position in Stevanato Group in the third quarter valued at $292,000. Montanaro Asset Management Ltd boosted its holdings in Stevanato Group by 42.4% in the third quarter. Montanaro Asset Management Ltd now owns 200,000 shares of the company’s stock valued at $4,196,000 after acquiring an additional 59,541 shares during the last quarter. Russell Investments Group Ltd. grew its position in Stevanato Group by 2.4% during the third quarter. Russell Investments Group Ltd. now owns 274,637 shares of the company’s stock valued at $5,762,000 after acquiring an additional 6,542 shares during the period. Finally, Riverbridge Partners LLC grew its position in Stevanato Group by 4.2% during the third quarter. Riverbridge Partners LLC now owns 625,914 shares of the company’s stock valued at $13,132,000 after acquiring an additional 25,400 shares during the period.

About Stevanato Group

Stevanato Group is an Italian provider of drug-containment and drug-delivery solutions for the pharmaceutical, biotechnology and diagnostic industries. Founded in 1949 by Giovanni Stevanato, the company began as a glassmaking business and has expanded into a global supplier of products and services for the life sciences sector. The company makes primary packaging for injectable medicines, including glass vials, cartridges, syringes and ampoules. Its offerings also include ready-to-use containers, as well as services such as product development, analytical testing and packaging support.