Insider Buying: Accelerate Diagnostics, Inc. (AXDX) Director Buys $1,933,000.00 in Stock

Accelerate Diagnostics, Inc. (NASDAQ:AXDX) Director Jack W. Schuler acquired 100,000 shares of the business’s stock in a transaction that occurred on Friday, May 11th. The shares were purchased at an average price of $19.33 per share, with a total value of $1,933,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Accelerate Diagnostics opened at $22.15 on Friday, Marketbeat reports. The company has a current ratio of 27.80, a quick ratio of 26.44 and a debt-to-equity ratio of 0.65. Accelerate Diagnostics, Inc. has a 1-year low of $20.45 and a 1-year high of $21.25.

Accelerate Diagnostics (NASDAQ:AXDX) last announced its earnings results on Wednesday, May 9th. The medical research company reported ($0.27) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.32) by $0.05. The company had revenue of $0.80 million during the quarter, compared to analyst estimates of $2.64 million. Accelerate Diagnostics had a negative net margin of 1,568.29% and a negative return on equity of 51.23%. analysts forecast that Accelerate Diagnostics, Inc. will post -1.38 EPS for the current fiscal year.

A number of hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Accelerate Diagnostics by 5.4% in the third quarter. Schwab Charles Investment Management Inc. now owns 123,537 shares of the medical research company’s stock valued at $2,774,000 after purchasing an additional 6,301 shares during the period. Gilder Gagnon Howe & Co. LLC boosted its stake in shares of Accelerate Diagnostics by 54.9% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 61,420 shares of the medical research company’s stock valued at $1,609,000 after purchasing an additional 21,779 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of Accelerate Diagnostics in the fourth quarter valued at approximately $643,000. Cpwm LLC purchased a new position in shares of Accelerate Diagnostics in the fourth quarter valued at approximately $202,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Accelerate Diagnostics in the fourth quarter valued at approximately $292,000. 45.33% of the stock is owned by institutional investors.

Several equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Accelerate Diagnostics from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine cut shares of Accelerate Diagnostics from a “hold” rating to a “sell” rating in a research report on Friday, February 9th. Zacks Investment Research cut shares of Accelerate Diagnostics from a “hold” rating to a “sell” rating in a research report on Monday. Finally, BTIG Research restated a “hold” rating on shares of Accelerate Diagnostics in a research report on Sunday, February 18th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $33.00.

About Accelerate Diagnostics

Accelerate Diagnostics, Inc, an in vitro diagnostics company, provides solutions for the diagnosis of serious infections in the United States. It offers Accelerate Pheno system, an in vitro diagnostic platform for the identification and antibiotic susceptibility testing of pathogens associated with serious or health care-associated infections, including gram-positive and gram-negative organisms, as well as yeast.

Insider Buying and Selling by Quarter for Accelerate Diagnostics (NASDAQ:AXDX)

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