Key Points
- CFO Joseph Iv Griffith sold 23,175 shares on Feb. 2 at an average price of $6.18 for $143,221.50, cutting his stake by 14.21% to 139,896 shares (about $864,557), according to the SEC filing.
- 908 Devices (NASDAQ:MASS) trades near $6.44 with a market cap of ~$233M, reported a quarterly EPS of -$0.15 and negative margins, and has mixed analyst views (average "Hold" with a $12 target and a "sell (d-)" from Weiss Ratings).
908 Devices Inc. (NASDAQ:MASS - Get Free Report) CFO Joseph Iv Griffith sold 23,175 shares of the firm's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $6.18, for a total transaction of $143,221.50. Following the sale, the chief financial officer directly owned 139,896 shares of the company's stock, valued at approximately $864,557.28. The trade was a 14.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
908 Devices Price Performance
Shares of MASS stock opened at $6.44 on Wednesday. The firm has a fifty day moving average of $5.95 and a two-hundred day moving average of $6.66. 908 Devices Inc. has a 1-year low of $1.92 and a 1-year high of $9.34. The firm has a market cap of $233.06 million, a P/E ratio of -58.55 and a beta of 0.48.
908 Devices (NASDAQ:MASS - Get Free Report) last released its quarterly earnings data on Monday, November 10th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.03). 908 Devices had a negative return on equity of 22.31% and a negative net margin of 7.17%.The business had revenue of $14.01 million for the quarter, compared to analyst estimates of $13.58 million. On average, sell-side analysts expect that 908 Devices Inc. will post -1.99 EPS for the current year.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a "sell (d-)" rating on shares of 908 Devices in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.00.
Read Our Latest Stock Analysis on MASS
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC lifted its position in 908 Devices by 453.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 3,784 shares of the company's stock worth $27,000 after buying an additional 3,100 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in 908 Devices in the 3rd quarter worth about $28,000. ANTIPODES PARTNERS Ltd raised its holdings in 908 Devices by 49.7% in the 2nd quarter. ANTIPODES PARTNERS Ltd now owns 6,558 shares of the company's stock valued at $47,000 after acquiring an additional 2,176 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of 908 Devices in the 2nd quarter valued at approximately $48,000. Finally, Daiwa Securities Group Inc. bought a new position in 908 Devices in the second quarter valued at about $61,000. 88.06% of the stock is currently owned by institutional investors.
908 Devices Company Profile
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Get Free Report)
908 Devices Inc (NASDAQ: MASS) is a developer and manufacturer of portable analytical instruments designed to deliver rapid chemical detection in field and laboratory environments. The company's core focus lies in miniaturizing high-performance mass spectrometry and ion mobility spectrometry technologies, enabling users to perform on-site analysis that traditionally required benchtop equipment.
Key products in 908 Devices' portfolio include the MX908, a handheld high-resolution mass spectrometer capable of detecting and identifying a broad range of chemicals and explosives; the M908 portable mass spectrometer for laboratory or mobile units; and the ZipChip capillary electrophoresis system for high-throughput, microfluidic separations.
Further Reading
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