In a report released today, Richard Newitter from Leerink Partners maintained a Hold rating on Intersect ENT (XENT), with a price target of $18.50. The company’s shares closed last Tuesday at $18.13.
According to TipRanks.com, Newitter is a 5-star analyst with an average return of 22.5% and a 66.1% success rate. Newitter covers the Healthcare sector, focusing on stocks such as Inspire Medical Systems, Zimmer Biomet Holdings, and Intuitive Surgical.
Intersect ENT has an analyst consensus of Hold, with a price target consensus of $14.00, a -22.1% downside from current levels. In a report issued on July 8, Oppenheimer also maintained a Hold rating on the stock.
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Based on Intersect ENT’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $19.83 million and GAAP net loss of $17.53 million. In comparison, last year the company earned revenue of $26.67 million and had a GAAP net loss of $10.81 million.
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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.
