Align Technology Inc. (NASDAQ:ALGN) – Research analysts at William Blair decreased their Q4 2016 EPS estimates for shares of Align Technology in a research note issued on Tuesday. William Blair analyst J. Kreger now anticipates that the brokerage will post earnings per share of $0.66 for the quarter, down from their prior estimate of $0.68.

A number of other equities research analysts also recently weighed in on ALGN. Zacks Investment Research upgraded Align Technology from a “hold” rating to a “buy” rating and set a $99.00 target price for the company in a report on Wednesday. Robert W. Baird downgraded Align Technology from an “outperform” rating to a “neutral” rating and set a $96.00 target price for the company. in a report on Monday, October 3rd. Stifel Nicolaus lifted their target price on Align Technology from $82.00 to $95.00 and gave the stock a “buy” rating in a report on Thursday, July 28th. Jefferies Group reiterated a “buy” rating and issued a $105.00 target price (up from $100.00) on shares of Align Technology in a report on Tuesday. Finally, Morgan Stanley set a $114.00 target price on Align Technology and gave the stock a “buy” rating in a report on Wednesday, October 19th. One analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $89.82.

Earnings History and Estimates for Align Technology (NASDAQ:ALGN)

Shares of Align Technology (NASDAQ:ALGN) opened at 90.60 on Thursday. Align Technology has a 12-month low of $57.31 and a 12-month high of $96.90. The firm has a market cap of $7.25 billion, a P/E ratio of 44.20 and a beta of 1.33. The stock has a 50 day moving average price of $89.66 and a 200 day moving average price of $85.68.

Align Technology (NASDAQ:ALGN) last released its quarterly earnings data on Monday, November 7th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.52 by $0.11. The company earned $278.60 million during the quarter, compared to the consensus estimate of $271.61 million. Align Technology had a return on equity of 21.09% and a net margin of 18.78%. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.34 EPS.

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

A number of large investors have recently made changes to their positions in the company. Wellington Management Group LLP increased its stake in shares of Align Technology by 7,138.7% in the first quarter. Wellington Management Group LLP now owns 939,946 shares of the company’s stock valued at $68,325,000 after buying an additional 926,961 shares during the period. Geode Capital Management LLC increased its stake in shares of Align Technology by 5.7% in the first quarter. Geode Capital Management LLC now owns 473,097 shares of the company’s stock valued at $34,388,000 after buying an additional 25,559 shares during the period. GW&K Investment Management LLC increased its stake in shares of Align Technology by 16.1% in the second quarter. GW&K Investment Management LLC now owns 205,003 shares of the company’s stock valued at $16,513,000 after buying an additional 28,418 shares during the period. Renaissance Technologies LLC increased its stake in shares of Align Technology by 14.1% in the first quarter. Renaissance Technologies LLC now owns 700,807 shares of the company’s stock valued at $50,942,000 after buying an additional 86,526 shares during the period. Finally, RS Investment Management Co. LLC increased its stake in shares of Align Technology by 5.7% in the second quarter. RS Investment Management Co. LLC now owns 601,734 shares of the company’s stock valued at $48,470,000 after buying an additional 32,545 shares during the period. Institutional investors and hedge funds own 87.48% of the company’s stock.

About Align Technology

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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