Intersect ENT, Inc. (XENT) Insider Lisa D. Earnhardt Sells 20,000 Shares
Intersect ENT, Inc. (NASDAQ:XENT) insider Lisa D. Earnhardt sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $28.37, for a total transaction of $567,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Shares of Intersect ENT, Inc. (NASDAQ XENT) traded down 0.17% during trading on Tuesday, hitting $28.65. 127,358 shares of the stock were exchanged. The stock’s market cap is $836.26 million. The firm has a 50 day moving average of $30.18 and a 200-day moving average of $26.24. Intersect ENT, Inc. has a 52-week low of $7.65 and a 52-week high of $33.25.
Intersect ENT (NASDAQ:XENT) last announced its quarterly earnings results on Tuesday, August 1st. The medical equipment provider reported ($0.08) earnings per share for the quarter, topping the 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 analysts’ expectations of $22.62 million. During the same quarter in the previous year, the business posted ($0.21) earnings per share. Intersect ENT’s quarterly revenue was up 24.4% on a year-over-year basis. Equities research analysts anticipate that Intersect ENT, Inc. will post ($0.61) earnings per share for the current fiscal year.
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A number of research firms recently weighed in on XENT. TheStreet raised shares of Intersect ENT from a “d” rating to a “c-” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Intersect ENT from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub lowered shares of Intersect ENT from a “buy” rating to a “hold” rating in a 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 report on Wednesday, August 2nd. Finally, Canaccord Genuity reissued a “buy” rating and issued a $32.00 price target on shares of Intersect ENT in a report on Wednesday, August 2nd. Four analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.70.
A number of hedge funds have recently bought and sold shares of the business. Wellington Management Group LLP boosted its stake in shares of Intersect ENT by 0.4% during the first quarter. Wellington Management Group LLP now owns 2,921,012 shares of the medical equipment provider’s stock valued at $50,095,000 after purchasing an additional 10,683 shares during the period. FMR LLC boosted its stake in shares of Intersect ENT by 247.7% during the second quarter. FMR LLC now owns 1,482,909 shares of the medical equipment provider’s stock valued at $41,447,000 after purchasing an additional 1,056,389 shares during the period. Vanguard Group Inc. boosted its stake in shares of Intersect ENT by 6.7% during the second quarter. Vanguard Group Inc. now owns 1,139,623 shares of the medical equipment provider’s stock valued at $31,853,000 after purchasing an additional 71,750 shares during the period. Alliancebernstein L.P. boosted its stake in shares of Intersect ENT by 2,746.9% during the second quarter. Alliancebernstein L.P. now owns 931,505 shares of the medical equipment provider’s stock valued at $26,036,000 after purchasing an additional 898,785 shares during the period. Finally, Morgan Stanley boosted its stake in shares of Intersect ENT by 4.8% during the first quarter. Morgan Stanley now owns 602,499 shares of the medical equipment provider’s stock valued at $10,333,000 after purchasing an additional 27,550 shares during the period. Institutional investors and hedge funds own 83.12% of the company’s stock.
Intersect ENT Company Profile
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.
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