AxoGen Inc. (NASDAQ:AXGN)‘s stock had its “outperform” rating restated by equities researchers at Wedbush in a research note issued on Friday. They currently have a $12.00 price objective on the stock. Wedbush’s price objective would suggest a potential upside of 36.36% from the stock’s current price.

A number of other equities research analysts also recently weighed in on AXGN. JMP Securities reaffirmed a “buy” rating on shares of AxoGen in a research report on Tuesday, November 22nd. Lake Street Capital downgraded shares of AxoGen from a “buy” rating to a “hold” rating and set a $9.00 price objective for the company. in a research report on Thursday, November 3rd.

Shares of AxoGen (NASDAQ:AXGN) opened at 8.45 on Friday. The firm’s market capitalization is $277.99 million. The stock’s 50 day moving average is $8.66 and its 200-day moving average is $7.71. AxoGen has a 52-week low of $4.52 and a 52-week high of $9.88.

AxoGen (NASDAQ:AXGN) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.08) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.08). AxoGen had a negative net margin of 33.02% and a negative return on equity of 292.94%. On average, equities analysts forecast that AxoGen will post ($0.38) earnings per share for the current fiscal year.

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In other news, CEO Karen L. Zaderej bought 10,000 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was purchased at an average price of $7.50 per share, for a total transaction of $75,000.00. Following the transaction, the chief executive officer now owns 242,147 shares in the company, valued at $1,816,102.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Amy Mcbride Wendell bought 13,333 shares of the firm’s stock in a transaction on Friday, October 7th. The stock was purchased at an average price of $7.50 per share, with a total value of $99,997.50. Following the transaction, the director now owns 13,333 shares in the company, valued at approximately $99,997.50. The disclosure for this purchase can be found here. 9.33% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of AXGN. Vanguard Group Inc. boosted its position in AxoGen by 61.5% in the second quarter. Vanguard Group Inc. now owns 775,448 shares of the company’s stock valued at $5,335,000 after buying an additional 295,294 shares during the period. BlackRock Fund Advisors boosted its position in AxoGen by 7.3% in the third quarter. BlackRock Fund Advisors now owns 680,329 shares of the company’s stock valued at $6,143,000 after buying an additional 46,197 shares during the period. BlackRock Institutional Trust Company N.A. boosted its position in AxoGen by 15.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 303,249 shares of the company’s stock valued at $2,738,000 after buying an additional 41,414 shares during the period. State Street Corp purchased a new position in AxoGen during the second quarter valued at approximately $1,885,000. Finally, Summit Partners Public Asset Management LLC purchased a new position in AxoGen during the third quarter valued at approximately $2,376,000. Hedge funds and other institutional investors own 52.42% of the company’s stock.

5 Day Chart for NASDAQ:AXGN

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