Institutional Investor’s Anti-Abaxis Inc (NASDAQ:ABAX) Sentiment In 2017 Q4

May 17, 2018 - By Harriett Tippett

Abaxis, Inc. (NASDAQ:ABAX) Logo

Sentiment for Abaxis Inc (NASDAQ:ABAX)

Abaxis Inc (NASDAQ:ABAX) institutional sentiment decreased to 1.27 in 2017 Q4. Its down -0.05, from 1.32 in 2017Q3. The ratio dropped, as 66 investment professionals started new and increased stock positions, while 52 sold and decreased their positions in Abaxis Inc. The investment professionals in our partner’s database now possess: 21.66 million shares, down from 21.83 million shares in 2017Q3. Also, the number of investment professionals holding Abaxis Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 12 Reduced: 40 Increased: 41 New Position: 25.

Abaxis, Inc. develops, manufactures, markets, and sells portable blood analysis systems for use in human or veterinary patient care settings to provide rapid blood constituent measurements for clinicians worldwide. The company has market cap of $1.90 billion. It operates in two divisions, Medical Market and Veterinary Market. It has a 77.52 P/E ratio. The firm offers Piccolo chemistry analyzers with rapid blood constituent measurements for use in human patient care; and Piccolo profiles that are single-use medical reagents.

The stock increased 0.46% or $0.38 during the last trading session, reaching $83.72. About 1.09M shares traded or 413.37% up from the average. Abaxis, Inc. (NASDAQ:ABAX) has risen 44.47% since May 17, 2017 and is uptrending. It has outperformed by 32.92% the S&P500.

Analysts await Abaxis, Inc. (NASDAQ:ABAX) to report earnings on July, 26. They expect $0.35 earnings per share, up 25.00 % or $0.07 from last year’s $0.28 per share. ABAX’s profit will be $7.94M for 59.80 P/E if the $0.35 EPS becomes a reality. After $0.42 actual earnings per share reported by Abaxis, Inc. for the previous quarter, Wall Street now forecasts -16.67 % negative EPS growth.

Brown Capital Management Llc holds 1.73% of its portfolio in Abaxis, Inc. for 2.87 million shares. Kayne Anderson Rudnick Investment Management Llc owns 3.66 million shares or 1.47% of their US portfolio. Moreover, Copeland Capital Management Llc has 1.03% invested in the company for 328,536 shares. The New York-based Echo Street Capital Management Llc has invested 0.73% in the stock. Ami Asset Management Corp, a California-based fund reported 179,870 shares.

Since January 1, 0001, it had 0 insider buys, and 10 insider sales for $2.85 million activity.

Abaxis, Inc. (NASDAQ:ABAX) Ratings Coverage

Ratings analysis reveals 14% of Abaxis’s analysts are positive. Out of 7 Wall Street analysts rating Abaxis, 1 give it “Buy”, 1 “Sell” rating, while 5 recommend “Hold”. The lowest target is $48 while the high is $90.0. The stock’s average target of $65 is -22.36% below today’s ($83.72) share price. ABAX was included in 11 notes of analysts from November 30, 2017. Stephens maintained Abaxis, Inc. (NASDAQ:ABAX) rating on Friday, January 26. Stephens has “Hold” rating and $60.0 target. On Friday, April 27 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Abaxis, Inc. (NASDAQ:ABAX) has “Neutral” rating given on Wednesday, May 16 by Sidoti. Canaccord Genuity maintained the shares of ABAX in report on Tuesday, January 16 with “Hold” rating. Northcoast maintained Abaxis, Inc. (NASDAQ:ABAX) on Tuesday, January 9 with “Buy” rating. As per Thursday, January 25, the company rating was maintained by Stifel Nicolaus. The stock has “Hold” rating by Canaccord Genuity on Monday, January 29. The rating was maintained by Bank of America with “Underperform” on Thursday, February 8. The firm earned “Hold” rating on Tuesday, January 9 by Raymond James. Northcoast maintained it with “Buy” rating and $90.0 target in Monday, January 29 report.

More notable recent Abaxis, Inc. (NASDAQ:ABAX) news were published by: Fool.com which released: “Why Under Armour, Boot Barn Holdings, and Abaxis Jumped Today” on May 16, 2018, also Benzinga.com with their article: “26 Stocks Moving In Wednesday’s Pre-Market Session” published on May 16, 2018, Benzinga.com published: “41 Biggest Movers From Yesterday” on May 17, 2018. More interesting news about Abaxis, Inc. (NASDAQ:ABAX) were released by: 247Wallst.com and their article: “Are Abaxis Shareholders Getting Enough in the Buyout?” published on May 16, 2018 as well as Businesswire.com‘s news article titled: “Bragar Eagel & Squire, PC is Investigating the Board of Directors of Abaxis, Inc. (ABAX) on Behalf of Stockholders and …” with publication date: May 16, 2018.

Abaxis, Inc. (NASDAQ:ABAX) Institutional Positions Chart

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