Analysts Offer Predictions for Polarityte Inc’s FY2018 Earnings (COOL)
Polarityte Inc (NASDAQ:COOL) – Research analysts at Cantor Fitzgerald issued their FY2018 earnings estimates for Polarityte in a note issued to investors on Thursday. Cantor Fitzgerald analyst E. Piros forecasts that the company will post earnings of ($5.12) per share for the year. Cantor Fitzgerald has a “Buy” rating and a $70.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Polarityte’s FY2019 earnings at ($3.15) EPS.
Separately, ValuEngine raised shares of Polarityte from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd.
A number of hedge funds have recently made changes to their positions in COOL. Wells Fargo & Company MN grew its position in Polarityte by 41.3% during the 2nd quarter. Wells Fargo & Company MN now owns 5,650 shares of the company’s stock valued at $131,000 after purchasing an additional 1,650 shares during the last quarter. Gilder Gagnon Howe & Co. LLC purchased a new stake in Polarityte during the 4th quarter valued at about $1,507,000. Advisor Group Inc. grew its position in Polarityte by 133.6% during the 4th quarter. Advisor Group Inc. now owns 49,180 shares of the company’s stock valued at $1,141,000 after purchasing an additional 28,130 shares during the last quarter. Ardsley Advisory Partners purchased a new stake in Polarityte during the 4th quarter valued at about $327,000. Finally, Millennium Management LLC purchased a new stake in Polarityte during the 4th quarter valued at about $3,057,000. 8.68% of the stock is currently owned by institutional investors.
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Polarityte Company Profile
PolarityTE, Inc, formerly Majesco Entertainment Company, is the owner of patent applications and know-how related to regenerative medicine and tissue engineering, as well as software applications used in diagnosis and treatment related to regenerative medicine. The Company seeks to develop and obtain regulatory approval for technology that will utilize a patient’s own tissue substrates for the regeneration of skin, bone, muscle, cartilage, fat, blood vessels and nerves.
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