Intersect ENT, Inc. (NASDAQ:XENT) CFO Jeryl L. Hilleman sold 12,833 shares of the firm’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $29.96, for a total transaction of $384,476.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Intersect ENT, Inc. (NASDAQ XENT) opened at 30.65 on Friday. The firm’s market capitalization is $894.64 million. Intersect ENT, Inc. has a 52-week low of $7.65 and a 52-week high of $33.25. The firm has a 50-day moving average of $30.45 and a 200 day moving average of $25.68.

Intersect ENT (NASDAQ:XENT) last issued its quarterly earnings data on Tuesday, August 1st. The medical equipment provider reported ($0.08) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.19) by $0.11. Intersect ENT had a negative net margin of 22.94% and a negative return on equity of 17.60%. The company had revenue of $24.00 million for the quarter, compared to analyst estimates of $22.62 million. During the same period in the prior year, the firm earned ($0.21) earnings per share. The company’s revenue was up 24.4% on a year-over-year basis. Analysts predict that Intersect ENT, Inc. will post ($0.61) EPS for the current year.

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Hedge funds have recently added to or reduced their stakes in the stock. ClariVest Asset Management LLC acquired a new position in shares of Intersect ENT in the first quarter valued at about $148,000. Legal & General Group Plc grew its stake in shares of Intersect ENT by 3.8% in the second quarter. Legal & General Group Plc now owns 6,939 shares of the medical equipment provider’s stock valued at $193,000 after acquiring an additional 255 shares in the last quarter. Cornerstone Capital Management Holdings LLC. grew its stake in shares of Intersect ENT by 109.1% in the first quarter. Cornerstone Capital Management Holdings LLC. now owns 11,500 shares of the medical equipment provider’s stock valued at $196,000 after acquiring an additional 6,000 shares in the last quarter. Moors & Cabot Inc. acquired a new position in shares of Intersect ENT in the second quarter valued at about $205,000. Finally, Prudential Financial Inc. acquired a new position in shares of Intersect ENT in the second quarter valued at about $229,000. Institutional investors and hedge funds own 83.12% of the company’s stock.

A number of research analysts recently issued reports on XENT shares. BidaskClub lowered shares of Intersect ENT from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity restated a “buy” rating and issued a $32.00 price target on shares of Intersect ENT in a research report on Wednesday, August 2nd. Deutsche Bank AG set a $31.00 price target on shares of Intersect ENT and gave the stock a “buy” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Intersect ENT from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research report on Thursday. Finally, Bank of America Corporation raised their price target on shares of Intersect ENT from $33.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, September 11th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $27.70.

About Intersect ENT

Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.

Insider Buying and Selling by Quarter for Intersect ENT (NASDAQ:XENT)

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