Align Technology Inc. (NASDAQ:ALGN) – Stock analysts at Jefferies Group increased their Q4 2016 earnings per share estimates for shares of Align Technology in a research report issued to clients and investors on Tuesday. Jefferies Group analyst B. Couillard now forecasts that the firm will post earnings of $0.67 per share for the quarter, up from their prior estimate of $0.66. Jefferies Group has a “Buy” rating and a $105.00 price objective on the stock. Jefferies Group also issued estimates for Align Technology’s Q1 2017 earnings at $0.64 EPS and Q4 2017 earnings at $0.83 EPS.

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

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

Align Technology (NASDAQ:ALGN) opened at 91.54 on Thursday. The company has a 50-day moving average of $89.54 and a 200 day moving average of $85.80. The company has a market cap of $7.29 billion, a PE ratio of 39.12 and a beta of 1.33. Align Technology has a 12 month low of $57.31 and a 12 month high of $96.90.

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

Several institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in 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 last quarter. Geode Capital Management LLC raised its stake in 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 last quarter. GW&K Investment Management LLC raised its stake in 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 last quarter. Renaissance Technologies LLC raised its stake in 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 last quarter. Finally, RS Investment Management Co. LLC raised its stake in 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 last quarter. Institutional investors own 87.48% of the company’s stock.

In related news, VP Zelko Relic sold 13,577 shares of the business’s stock in a transaction dated 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 transaction, 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 through this link. Also, VP Jennifer Olson sold 799 shares of the business’s stock in a transaction dated Monday, August 29th. The shares were sold at an average price of $93.30, for a total transaction of $74,546.70. Following the transaction, the vice president now owns 4,483 shares in the company, valued at approximately $418,263.90. The disclosure for this sale can be found here. Corporate insiders own 2.00% 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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