Align Technology, Inc. (NASDAQ:ALGN) registered a 6.06% increase, still its new closing price is 69.10% up from the company’s 1 year high of 102.10.It posted 4.11% gains in previous 5 sessions and is now the subject of 2 analysts who together assign a hold rating on stock. 0 of Wall Street analysts have an underperform rating; the 0 sells versus 6 buy or better ratings. The 13 stock analysts following this company have an average price target at $106.58, with individual PT in the $97.00-$120.00 range. The shares moved at $97.25, implying that brokerage firms see shares gaining about 43.99% in twelve months time.
Align Technology, Inc. (ALGN) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 1.17% rise year to date. A VP & Mgng Dir., D-DCC at Align Technology, Inc. (ALGN) offloaded shares in a transaction closed on Tuesday November 29, 2016. Olson Jennifer sold 3,662 shares in the company at $95.44 each and collected $349,001 in proceeds. Olson Jennifer now owns 4,483 shares in the company after this transaction. A Director in the company, Thaler Warren S, disclosed a transaction on Tuesday November 29, 2016 that ended up generating $812,000 from the sale of 8,500 shares at $95.57 per share.
Align Technology, Inc. (NASDAQ:ALGN) Upcoming Results on Tap
Align Technology, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $0.63 in that period. Sales during the quarter are predicted to arrive at $293.3 million.
Earnings surprise history: Last quarter, the company posted approximately $293.2 million in revenue and EPS of $0.51. The mean forecast was for $292.4 million and $0.66 a share, respectively. One quarter earlier, revenue for the stock was at $278.59 million, with earnings at $0.64/share.
Align Technology, Inc. (ALGN) Brokerage Update
Align Technology, Inc. (ALGN) is in Robert W. Baird’s research list so their analyst rating change is noteworthy. These shares were downgraded to Neutral from Outperform by Robert W. Baird, according to news reported on Monday October 03, 2016.Another important research note was issued by Morgan Stanley on Tuesday April 21, 2015.The firm upgraded ALGN to Overweight from Equal-Weight. Over the last six months and over the last three months, the shares of Align Technology, Inc. (ALGN), have changed 7.60% and 13.19%, respectively.