BioLife Solutions, Inc. (BLFS) PT Raised to $7.00 at Maxim Group

BioLife Solutions, Inc. (NASDAQ:BLFS) had its price objective upped by investment analysts at Maxim Group from $6.00 to $7.00 in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the medical equipment provider’s stock. Maxim Group’s target price would indicate a potential upside of 32.33% from the company’s previous close.

Separately, Janney Montgomery Scott raised BioLife Solutions from a “neutral” rating to a “buy” rating and raised their price objective for the company from $2.62 to $5.00 in a research report on Wednesday, July 5th.

BioLife Solutions (NASDAQ:BLFS) traded down 4.91% during midday trading on Tuesday, hitting $5.03. 868,138 shares of the company were exchanged. The stock’s market capitalization is $66.54 million. The firm’s 50-day moving average price is $4.36 and its 200-day moving average price is $2.86. BioLife Solutions has a one year low of $1.43 and a one year high of $5.91.

BioLife Solutions (NASDAQ:BLFS) last announced its quarterly earnings data on Thursday, August 10th. The medical equipment provider reported ($0.06) EPS for the quarter, meeting the consensus estimate of ($0.06). The business had revenue of $2.56 million during the quarter, compared to analyst estimates of $2.40 million. BioLife Solutions had a negative return on equity of 64.98% and a negative net margin of 63.71%. Equities research analysts anticipate that BioLife Solutions will post ($0.24) earnings per share for the current year.

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BioLife Solutions Company Profile

BioLife Solutions, Inc (BioLife) is engaged in the developing, manufacturing and marketing a portfolio of biopreservation tools and services for cells, tissues and organs, including clinical grade cell and tissue hypothermic storage and cryopreservation freeze media and a related cloud hosted biologistics cold chain management application for shippers.

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