BioLife Solutions, Inc. (BLFS) PT Set at $6.00 by Maxim Group

BioLife Solutions, Inc. (NASDAQ:BLFS) has been assigned a $6.00 price objective by equities researchers at Maxim Group in a research report issued on Friday. The brokerage presently has a “buy” rating on the medical equipment provider’s stock. Maxim Group’s target price suggests a potential upside of 57.89% from the stock’s previous close.

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

BioLife Solutions (BLFS) traded up 5.56% during midday trading on Friday, reaching $3.80. The company’s stock had a trading volume of 199,157 shares. BioLife Solutions has a one year low of $1.43 and a one year high of $3.95. The firm’s market cap is $49.54 million. The firm has a 50 day moving average price of $3.14 and a 200 day moving average price of $2.34.

BioLife Solutions (NASDAQ:BLFS) last announced its quarterly earnings results on Thursday, August 10th. The medical equipment provider reported ($0.06) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.06). BioLife Solutions had a negative net margin of 74.58% and a negative return on equity of 74.36%. The firm had revenue of $2.56 million during the quarter, compared to the consensus estimate of $2.40 million. Equities research analysts forecast that BioLife Solutions will post ($0.17) EPS for the current fiscal 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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