Several other analysts have also recently weighed in on the company. Needham & Company LLC started coverage on CryoPort in a report on Monday, July 1st. They issued a buy rating and a $22.00 price target on the stock. B. Riley set a $26.00 price target on CryoPort and gave the company a buy rating in a report on Friday, July 19th. Leerink Swann started coverage on CryoPort in a report on Monday, July 15th. They issued a buy rating and a $24.00 price target on the stock. Finally, Svb Leerink reaffirmed an outperform rating on shares of CryoPort in a report on Monday, July 15th. Five analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. CryoPort currently has a consensus rating of Buy and an average price target of $24.00.
NASDAQ:CYRX opened at $24.53 on Thursday. The business’s 50-day moving average price is $20.22 and its two-hundred day moving average price is $15.69. CryoPort has a twelve month low of $8.28 and a twelve month high of $25.02. The stock has a market cap of $845.33 million, a P/E ratio of -79.13 and a beta of 0.82. The company has a quick ratio of 11.52, a current ratio of 17.73 and a debt-to-equity ratio of 0.17.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA purchased a new position in shares of CryoPort in the first quarter worth $74,000. Metropolitan Life Insurance Co. NY boosted its stake in CryoPort by 356.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 8,607 shares of the consumer goods maker’s stock valued at $95,000 after purchasing an additional 6,722 shares during the period. Bank of America Corp DE boosted its stake in CryoPort by 92.3% during the 4th quarter. Bank of America Corp DE now owns 16,037 shares of the consumer goods maker’s stock valued at $176,000 after purchasing an additional 7,697 shares during the period. Handelsinvest Investeringsforvaltning acquired a new position in CryoPort during the 2nd quarter valued at about $183,000. Finally, SG Americas Securities LLC acquired a new position in CryoPort during the 2nd quarter valued at about $249,000. 53.30% of the stock is currently owned by institutional investors.
CryoPort Company Profile
CryoPort, Inc engages in the provision of logistics solutions to the life science industry. It also provides logistics solutions for biologic materials such as immunotherapies, stem cells, CAR-T cells, and reproductive cells for clients worldwide, including points-of-care, clinical research organizations central laboratories, biopharmaceuticals, contract manufacturing, health centers, and university researchers.
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