Shares of Align Technology Inc. (NASDAQ:ALGN) have earned a consensus rating of “Buy” from the twelve analysts that are covering the stock. One analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $85.88.

ALGN has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on Align Technology from $82.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Zacks Investment Research upgraded Align Technology from a “hold” rating to a “strong-buy” rating and set a $97.00 price target for the company in a research report on Wednesday, July 13th. Finally, Robert W. Baird lowered Align Technology from an “outperform” rating to a “neutral” rating and set a $96.00 price target for the company. in a research report on Monday, October 3rd.

In other news, VP Jennifer Olson sold 799 shares of Align Technology stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $93.30, for a total transaction of $74,546.70. Following the completion of the sale, the vice president now owns 4,483 shares of the company’s stock, valued at $418,263.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Zelko Relic sold 13,577 shares of Align Technology stock in a transaction that occurred on Monday, August 15th. The shares were sold at an average price of $95.91, for a total transaction of $1,302,170.07. Following the sale, the vice president now directly owns 1,375 shares of the company’s stock, valued at approximately $131,876.25. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

Several hedge funds have recently bought and sold shares of ALGN. Advisory Services Network LLC increased its stake in Align Technology by 14,712.1% in the third quarter. Advisory Services Network LLC now owns 4,888 shares of the company’s stock valued at $458,000 after buying an additional 4,855 shares in the last quarter. Independent Portfolio Consultants Inc. increased its stake in Align Technology by 149.8% in the third quarter. Independent Portfolio Consultants Inc. now owns 8,120 shares of the company’s stock valued at $761,000 after buying an additional 4,870 shares in the last quarter. Fulton Bank N.A. bought a new stake in Align Technology during the third quarter valued at $347,000. Macquarie Group Ltd. increased its stake in Align Technology by 64.9% in the second quarter. Macquarie Group Ltd. now owns 126,346 shares of the company’s stock valued at $10,177,000 after buying an additional 49,704 shares in the last quarter. Finally, Northwestern Mutual Investment Management Company LLC increased its stake in Align Technology by 0.8% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 12,597 shares of the company’s stock valued at $1,015,000 after buying an additional 96 shares in the last quarter. 87.12% of the stock is owned by hedge funds and other institutional investors.

Align Technology (NASDAQ:ALGN) opened at 89.68 on Thursday. The stock has a market cap of $7.18 billion, a P/E ratio of 43.75 and a beta of 1.87. Align Technology has a 12-month low of $55.32 and a 12-month high of $96.90. The firm’s 50 day moving average price is $93.19 and its 200-day moving average price is $83.06.

Align Technology (NASDAQ:ALGN) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.14. The firm earned $269.40 million during the quarter, compared to analyst estimates of $259.29 million. Align Technology had a return on equity of 19.40% and a net margin of 17.67%. The business’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 earnings per share. Equities research analysts anticipate that Align Technology will post $2.28 earnings per share for the current fiscal year.

Align Technology Company Profile

Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment.

5 Day Chart for NASDAQ:ALGN

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