Twist Bioscience (NASDAQ:TWST) Stock Price Up 9% – Here’s Why

by · The Markets Daily

Twist Bioscience Corporation (NASDAQ:TWSTGet Free Report) traded up 9% on Monday . The stock traded as high as $39.23 and last traded at $38.50. 268,449 shares were traded during trading, a decline of 78% from the average session volume of 1,213,133 shares. The stock had previously closed at $35.32.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on TWST shares. Barclays raised their price objective on Twist Bioscience from $37.00 to $39.00 and gave the company an “overweight” rating in a research note on Monday, December 15th. Evercore ISI restated an “outperform” rating and issued a $42.00 price target on shares of Twist Bioscience in a research note on Monday, January 5th. Cowen reiterated a “buy” rating on shares of Twist Bioscience in a research report on Thursday. Stephens began coverage on shares of Twist Bioscience in a research report on Monday, November 3rd. They issued an “overweight” rating and a $41.00 target price on the stock. Finally, TD Cowen upped their price target on shares of Twist Bioscience from $32.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday. Nine investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.67.

Read Our Latest Analysis on TWST

Twist Bioscience Stock Performance

The company has a market capitalization of $2.33 billion, a price-to-earnings ratio of -29.04 and a beta of 2.19. The company has a 50 day moving average price of $31.49 and a 200 day moving average price of $31.10. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.33 and a current ratio of 3.64.

Twist Bioscience (NASDAQ:TWSTGet Free Report) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.45) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.05). Twist Bioscience had a negative return on equity of 27.40% and a negative net margin of 20.63%.The firm had revenue of $99.01 million during the quarter, compared to the consensus estimate of $97.40 million. Equities research analysts predict that Twist Bioscience Corporation will post -2.12 earnings per share for the current fiscal year.

Insider Activity

In other Twist Bioscience news, CFO Adam Laponis sold 5,517 shares of the business’s stock in a transaction that occurred on Thursday, October 30th. The stock was sold at an average price of $31.44, for a total transaction of $173,454.48. Following the completion of the sale, the chief financial officer directly owned 111,008 shares of the company’s stock, valued at approximately $3,490,091.52. The trade was a 4.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dennis Cho sold 6,515 shares of the stock in a transaction dated Thursday, October 30th. The shares were sold at an average price of $31.44, for a total transaction of $204,831.60. Following the completion of the sale, the insider owned 121,713 shares of the company’s stock, valued at approximately $3,826,656.72. This represents a 5.08% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 60,699 shares of company stock valued at $1,919,823. 3.01% of the stock is currently owned by insiders.

Institutional Trading of Twist Bioscience

Several hedge funds have recently made changes to their positions in the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Twist Bioscience by 186.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,442,262 shares of the company’s stock valued at $95,883,000 after acquiring an additional 1,588,587 shares in the last quarter. Strs Ohio purchased a new position in Twist Bioscience in the 1st quarter worth approximately $711,000. American Century Companies Inc. increased its holdings in shares of Twist Bioscience by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 864,384 shares of the company’s stock worth $31,801,000 after buying an additional 100,978 shares during the last quarter. Conestoga Capital Advisors LLC bought a new stake in Twist Bioscience during the second quarter worth about $1,044,000. Finally, Squarepoint Ops LLC lifted its position in Twist Bioscience by 192.8% in the 2nd quarter. Squarepoint Ops LLC now owns 71,708 shares of the company’s stock worth $2,638,000 after buying an additional 47,221 shares during the last quarter.

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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