NanoString Technologies Inc (NASDAQ:NSTG) insider R Bradley Gray sold 30,000 shares of the stock in a transaction dated Wednesday, January 9th. The shares were sold at an average price of $20.04, for a total value of $601,200.00. Following the completion of the sale, the insider now directly owns 104,213 shares in the company, valued at approximately $2,088,428.52. The transaction was disclosed in a document filed with the SEC, which is available through this link.

NASDAQ:NSTG traded up $0.94 during mid-day trading on Friday, reaching $21.19. 449,800 shares of the stock were exchanged, compared to its average volume of 462,475. The company has a market capitalization of $625.57 million, a PE ratio of -11.52 and a beta of 0.71. The company has a quick ratio of 3.22, a current ratio of 3.62 and a debt-to-equity ratio of 0.96. NanoString Technologies Inc has a 1 year low of $5.87 and a 1 year high of $21.99.

NanoString Technologies (NASDAQ:NSTG) last released its quarterly earnings results on Thursday, November 8th. The biotechnology company reported ($0.56) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.57) by $0.01. The firm had revenue of $28.62 million for the quarter, compared to the consensus estimate of $25.90 million. NanoString Technologies had a negative return on equity of 206.80% and a negative net margin of 58.11%. As a group, sell-side analysts anticipate that NanoString Technologies Inc will post -2.59 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc grew its stake in NanoString Technologies by 28.4% during the 3rd quarter. Legal & General Group Plc now owns 3,800 shares of the biotechnology company’s stock worth $68,000 after buying an additional 840 shares during the last quarter. Metropolitan Life Insurance Co. NY purchased a new position in NanoString Technologies during the 2nd quarter worth approximately $108,000. MetLife Investment Advisors LLC purchased a new position in NanoString Technologies during the 2nd quarter worth approximately $155,000. AQR Capital Management LLC purchased a new position in shares of NanoString Technologies in the 3rd quarter valued at approximately $294,000. Finally, Trexquant Investment LP purchased a new position in shares of NanoString Technologies in the 3rd quarter valued at approximately $300,000. Hedge funds and other institutional investors own 88.99% of the company’s stock.

NSTG has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their price target on NanoString Technologies to $20.00 and gave the company an “overweight” rating in a research report on Thursday, September 13th. BidaskClub lowered NanoString Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, September 15th. Zacks Investment Research raised NanoString Technologies from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research report on Thursday, October 4th. UBS Group began coverage on NanoString Technologies in a report on Tuesday, October 9th. They issued a “buy” rating and a $23.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on NanoString Technologies from $17.00 to $18.00 and gave the company an “equal weight” rating in a report on Wednesday, October 10th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. NanoString Technologies currently has an average rating of “Buy” and a consensus target price of $19.80.

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NanoString Technologies Company Profile

NanoString Technologies, Inc provides life science tools for translational research and molecular diagnostic products worldwide. The company offers nCounter Analysis System, an automated, multi-application, digital detection, and counting system. It provides nCounter MAX and FLEX systems that include Prep Station, an automated liquid handling component that processes and prepares samples for data collection; and nCounter Digital Analyzer, which collects data from samples by taking images of the immobilized fluorescent reporters in the sample cartridge and processing the data into output files.

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