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Northland Securities Sticks to Its Buy Rating for BioLife Solutions (BLFS)

Tipranks - Thu Jan 15, 12:48AM CST

Northland Securities analyst Carl Byrnes maintained a Buy rating on BioLife Solutions yesterday and set a price target of $34.00.

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Byrnes covers the Healthcare sector, focusing on stocks such as MiMedx Group, BioLife Solutions, and Indivior. According to TipRanks, Byrnes has an average return of -4.0% and a 36.34% success rate on recommended stocks.

In a report released yesterday, Lake Street also maintained a Buy rating on the stock with a $33.00 price target.

Based on BioLife Solutions’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $28.07 million and a net profit of $621 thousand. In comparison, last year the company earned a revenue of $30.57 million and had a GAAP net loss of $1.7 million

Based on the recent corporate insider activity of 111 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, Sarah Aebersold, the CHRO of BLFS sold 713.00 shares for a total of $17,439.98.

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