Polarityte Inc (NASDAQ:COOL) rose 8.3% on Wednesday . The stock traded as high as $26.99 and last traded at $25.85. Approximately 730,103 shares were traded during mid-day trading, an increase of 45% from the average daily volume of 504,152 shares. The stock had previously closed at $23.86.

COOL has been the topic of several analyst reports. ValuEngine upgraded Polarityte from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Cantor Fitzgerald lowered their price objective on Polarityte from $70.00 to $65.00 and set a “buy” rating on the stock in a research note on Tuesday, June 12th. BidaskClub upgraded Polarityte from a “hold” rating to a “buy” rating in a research note on Wednesday, May 16th. Finally, Zacks Investment Research lowered Polarityte from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th.

Polarityte (NASDAQ:COOL) last announced its earnings results on Thursday, June 14th. The company reported ($1.47) EPS for the quarter. equities analysts forecast that Polarityte Inc will post -3.84 EPS for the current fiscal year.

In other Polarityte news, Director Peter A. Cohen bought 6,000 shares of Polarityte stock in a transaction dated Wednesday, July 25th. The shares were acquired at an average cost of $23.20 per share, with a total value of $139,200.00. Following the acquisition, the director now directly owns 45,000 shares of the company’s stock, valued at $1,044,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 59.91% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC acquired a new position in shares of Polarityte in the 2nd quarter worth approximately $100,000. Bank of Montreal Can acquired a new position in shares of Polarityte in the 2nd quarter worth approximately $119,000. Capital Management Associates NY acquired a new position in shares of Polarityte in the 2nd quarter worth approximately $200,000. Suntrust Banks Inc. acquired a new position in shares of Polarityte in the 1st quarter worth approximately $181,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of Polarityte in the 2nd quarter worth approximately $256,000. 12.58% of the stock is currently owned by institutional investors and hedge funds.

Polarityte Company Profile (NASDAQ:COOL)

PolarityTE, Inc operates as commercial-stage biotechnology and regenerative biomaterials company in the United States. The company focuses on discovering, designing and developing a range of regenerative tissue products and biomaterials for the fields of medicine, biomedical engineering, and material sciences.

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