Insider Selling: Intersect ENT, Inc. (XENT) Director Sells $23,200.00 in Stock

Intersect ENT, Inc. (NASDAQ:XENT) Director Frederic H. Moll sold 800 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $29.00, for a total value of $23,200.00. Following the completion of the sale, the director now directly owns 253,824 shares of the company’s stock, valued at $7,360,896. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Shares of Intersect ENT, Inc. (XENT) traded down $0.15 on Friday, hitting $28.75. 48,835 shares of the stock were exchanged, compared to its average volume of 293,065. Intersect ENT, Inc. has a 1-year low of $9.20 and a 1-year high of $33.25.

Intersect ENT (NASDAQ:XENT) last posted its earnings results on Thursday, November 2nd. The medical equipment provider reported ($0.15) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.05. The firm had revenue of $22.31 million during the quarter, compared to the consensus estimate of $21.53 million. Intersect ENT had a negative net margin of 19.81% and a negative return on equity of 15.96%. The firm’s revenue for the quarter was up 20.8% on a year-over-year basis. During the same period last year, the firm posted ($0.22) EPS. analysts forecast that Intersect ENT, Inc. will post -0.63 earnings per share for the current fiscal year.

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XENT has been the subject of a number of analyst reports. Bank of America Corporation raised their price target on Intersect ENT from $33.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, September 11th. Canaccord Genuity boosted their price target on Intersect ENT from $32.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, September 13th. Zacks Investment Research upgraded shares of Intersect ENT from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Thursday, October 5th. Piper Jaffray Companies restated a “buy” rating and issued a $35.00 price objective on shares of Intersect ENT in a research note on Tuesday, August 22nd. Finally, BidaskClub downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $30.88.

Several hedge funds and other institutional investors have recently modified their holdings of XENT. Great West Life Assurance Co. Can purchased a new stake in shares of Intersect ENT during the third quarter worth about $116,000. Oppenheimer Asset Management Inc. acquired a new position in Intersect ENT during the third quarter valued at approximately $117,000. Legal & General Group Plc raised its stake in shares of Intersect ENT by 3.8% during the second quarter. Legal & General Group Plc now owns 6,939 shares of the medical equipment provider’s stock valued at $193,000 after purchasing an additional 255 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of Intersect ENT during the second quarter valued at approximately $205,000. Finally, Campbell & CO Investment Adviser LLC purchased a new stake in shares of Intersect ENT during the third quarter valued at approximately $228,000. Institutional investors and hedge funds own 80.23% of the company’s stock.

About Intersect ENT

Intersect ENT, Inc is a commercial-stage drug-device company. The Company develops drugs for patients with ear, nose and throat (ENT) conditions. The Company has developed a drug releasing bioabsorbable implant technology that enables targeted and sustained release of therapeutic agents. This targeted drug delivery technology is designed to allow ENT physicians to manage patient care.

Insider Buying and Selling by Quarter for Intersect ENT (NASDAQ:XENT)

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