In a report released yesterday, Ryan Zimmerman from BTIG maintained a Hold rating on Intersect ENT (XENT). The company’s shares closed last Monday at $13.48.
According to TipRanks.com, Zimmerman is a 5-star analyst with an average return of 12.2% and a 56.1% success rate. Zimmerman covers the Healthcare sector, focusing on stocks such as Tactile Systems Technology, Staar Surgical Company, and Zimmer Biomet Holdings.
Currently, the analyst consensus on Intersect ENT is a Hold with an average price target of $21.00.
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Based on Intersect ENT’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $31.75 million and GAAP net loss of $7.96 million. In comparison, last year the company earned revenue of $32.78 million and had a GAAP net loss of $5.03 million.
Based on the recent corporate insider activity of 27 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of XENT in relation to earlier this year.
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Intersect ENT, Inc. is a commercial drug delivery company, which engages in the treatment of ear, nose, and throat conditions. Its products include PROPEL and SINUVA. The PROPEL used to maintain the opening and locally deliver steroid after sinus surgery. The SINUVA is used to treat adult patients with ethmoid sinus surgery yet suffer from recurrent sinus obstruction due to polyps. The company was founded by Donald J. Eaton in October 2003 and is headquartered in Menlo Park, CA.
