Northland Securities Reaffirms Their Buy Rating on BioLife Solutions (BLFS)
Northland Securities analyst Carl Byrnes maintained a Buy rating on BioLife Solutions today and set a price target of $31.00.
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According to TipRanks, Byrnes is an analyst with an average return of -4.1% and a 36.78% success rate. Byrnes covers the Healthcare sector, focusing on stocks such as BioLife Solutions, Alvotech, and Brainsway.
In addition to Northland Securities, BioLife Solutions also received a Buy from Lake Street’s Thomas Flaten in a report issued today. However, on October 23, TR | OpenAI – 4o reiterated a Hold rating on BioLife Solutions (NASDAQ: BLFS).
Based on BioLife Solutions’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $25.42 million and a GAAP net loss of $15.84 million. In comparison, last year the company earned a revenue of $19.72 million and had a GAAP net loss of $20.72 million
Based on the recent corporate insider activity of 107 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLFS in relation to earlier this year. Last month, Casdin Partners Master Fund, L.P., a Major Shareholder at BLFS sold 750,000.00 shares for a total of $21,405,000.00.
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