Align Technology (ALGN) Given Daily Media Sentiment Score of 0.12

News headlines about Align Technology (NASDAQ:ALGN) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Align Technology earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the medical equipment provider an impact score of 46.1438708216959 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have effected Accern’s analysis:

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Shares of ALGN traded down $8.44 during mid-day trading on Monday, hitting $242.69. 923,361 shares of the company’s stock traded hands, compared to its average volume of 1,151,319. Align Technology has a 1 year low of $113.40 and a 1 year high of $287.32. The stock has a market capitalization of $20,124.36, a PE ratio of 62.39, a price-to-earnings-growth ratio of 1.90 and a beta of 1.47.

Align Technology (NASDAQ:ALGN) last posted its earnings results on Tuesday, January 30th. The medical equipment provider reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.23. Align Technology had a return on equity of 28.55% and a net margin of 15.71%. The firm had revenue of $421.30 million for the quarter, compared to analysts’ expectations of $395.88 million. During the same period in the previous year, the firm earned $0.59 earnings per share. The business’s revenue was up 43.7% compared to the same quarter last year. analysts forecast that Align Technology will post 4.52 earnings per share for the current fiscal year.

A number of analysts recently weighed in on the company. BidaskClub downgraded Align Technology from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, January 31st. Barclays assumed coverage on Align Technology in a research report on Thursday, March 8th. They issued an “overweight” rating and a $290.00 price objective for the company. Vetr upgraded Align Technology from a “buy” rating to a “strong-buy” rating and set a $302.42 price objective for the company in a research report on Monday, March 19th. ValuEngine upgraded Align Technology from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Finally, Leerink Swann boosted their price objective on Align Technology from $300.00 to $305.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Three equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Align Technology has an average rating of “Buy” and a consensus target price of $263.56.

In other news, VP Emory Wright sold 45,780 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $260.08, for a total transaction of $11,906,462.40. Following the transaction, the vice president now directly owns 29,957 shares of the company’s stock, valued at $7,791,216.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Joseph M. Hogan bought 1,500 shares of Align Technology stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average cost of $233.63 per share, for a total transaction of $350,445.00. Following the completion of the purchase, the insider now directly owns 42,984 shares of the company’s stock, valued at approximately $10,042,351.92. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.

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About Align Technology

Align Technology, Inc designs, manufactures, and markets a system of clear aligner therapy, intraoral scanners, and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services. The company's Clear Aligner segment offers Invisalign Full, a treatment used for a range of malocclusion; Invisalign Teen treatment that addresses orthodontic needs of teenage patients, such as compliance indicators, compensation for tooth eruption, and six free single arch replacement aligners; and Invisalign Assist treatment for anterior alignment and aesthetically-oriented cases.

Insider Buying and Selling by Quarter for Align Technology (NASDAQ:ALGN)

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