Twist Bioscience (NASDAQ:TWST) Reaches New 52-Week High – Still a Buy?

by · The Cerbat Gem

Twist Bioscience Corporation (NASDAQ:TWSTGet Free Report)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $66.93 and last traded at $65.11, with a volume of 37627 shares trading hands. The stock had previously closed at $64.87.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Leerink Partners set a $80.00 price target on Twist Bioscience in a research note on Friday, May 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Twist Bioscience in a research note on Friday, March 27th. Barclays increased their price target on Twist Bioscience from $55.00 to $65.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Guggenheim raised their price objective on Twist Bioscience from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Evercore raised their price objective on Twist Bioscience from $42.00 to $52.00 and gave the company an “outperform” rating in a research note on Tuesday, February 3rd. Seven research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $58.00.

View Our Latest Research Report on TWST

Twist Bioscience Stock Performance

The company has a debt-to-equity ratio of 0.03, a current ratio of 2.70 and a quick ratio of 2.42. The firm has a fifty day moving average price of $54.17 and a two-hundred day moving average price of $44.30. The stock has a market capitalization of $4.30 billion, a PE ratio of -51.90 and a beta of 2.22.

Twist Bioscience (NASDAQ:TWSTGet Free Report) last issued its quarterly earnings results on Monday, May 4th. The company reported ($0.71) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.22). Twist Bioscience had a negative return on equity of 26.73% and a negative net margin of 19.85%.The business had revenue of $110.72 million during the quarter, compared to analysts’ expectations of $107.64 million. During the same quarter in the previous year, the company posted ($0.66) earnings per share. The company’s quarterly revenue was up 19.3% compared to the same quarter last year. Research analysts expect that Twist Bioscience Corporation will post -1.86 EPS for the current year.

Insider Transactions at Twist Bioscience

In other news, CEO Emily M. Leproust sold 8,061 shares of the stock in a transaction that occurred on Wednesday, April 22nd. The stock was sold at an average price of $65.29, for a total value of $526,302.69. Following the sale, the chief executive officer directly owned 858,887 shares in the company, valued at approximately $56,076,732.23. This represents a 0.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Melissa A. Starovasnik sold 500 shares of the stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $61.83, for a total value of $30,915.00. Following the completion of the sale, the director owned 25,222 shares in the company, valued at approximately $1,559,476.26. The trade was a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 46,551 shares of company stock valued at $2,566,533. Company insiders own 3.08% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Western Wealth Management LLC purchased a new position in Twist Bioscience during the 1st quarter worth $31,000. Flax Pond Capital LLC purchased a new position in Twist Bioscience during the 1st quarter worth $76,000. Bank of America Corp DE increased its holdings in Twist Bioscience by 46.3% during the 1st quarter. Bank of America Corp DE now owns 584,261 shares of the company’s stock worth $27,764,000 after purchasing an additional 184,907 shares during the period. Oddo BHF Asset Management Sas increased its holdings in Twist Bioscience by 7.6% during the 1st quarter. Oddo BHF Asset Management Sas now owns 145,960 shares of the company’s stock worth $6,936,000 after purchasing an additional 10,310 shares during the period. Finally, California State Teachers Retirement System increased its holdings in Twist Bioscience by 20.6% during the 1st quarter. California State Teachers Retirement System now owns 70,348 shares of the company’s stock worth $3,343,000 after purchasing an additional 12,011 shares during the period.

About Twist Bioscience

(Get Free Report)

Twist Bioscience Corporation is a synthetic biology company specializing in the development and commercialization of DNA-based products and solutions. Founded in 2013 and headquartered in South San Francisco, California, the company has pioneered a proprietary silicon-based DNA synthesis platform designed for high-throughput production of synthetic genes and oligonucleotides. Twist leverages semiconductor manufacturing techniques to enable precise, scalable synthesis of DNA at speeds and volumes unattainable with traditional methods.

At the core of Twist’s offering is its proprietary platform that automates the synthesis of custom DNA fragments, gene libraries, and long oligonucleotides.

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