Align Technology (ALGN) Raised to Buy at Credit Suisse Group

Several equities analysts have issued reports on ALGN shares. The rating was maintained by Deutsche Bank on Thursday, March 31 with "Buy". The stock of YuMe, Inc. (NYSE:YUME). Cannell Ltd reported 949,048 shares. The company was maintained on Friday, July 28 by Leerink Swann. The firm has "Underperform" rating by Jefferies given on Wednesday, July 13. They set a "hold" rating and a $250.00 target price for the company. As per Monday, September 7, the company rating was upgraded by Zacks.

The stock is trading at a lofty price-to-earnings (PE) ratio of 75.26x, telling us that Align Technology is overvalued based on current earnings compared to the medical equipment industry average of 35.51x, and overvalued compared to the United States market average ratio of 19.94x. The institutional investor held 125,400 shares of the catalog and specialty distribution company at the end of 2017Q3, valued at $8.45M, down from 215,316 at the end of the previous reported quarter.

Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design/computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage.

In other Align Technology news, CFO John Morici sold 1,500 shares of the company's stock in a transaction that occurred on Friday, November 24th. About 391,495 shares traded.

What Analyst Suggest For Spark Therapeutics, Inc. It has outperformed by 65.52% the S&P500. The stock increased 0.41% or $0.1 during the last trading session, reaching $24.35.

Highline Capital Management Llc, which manages about $3.04B and $3.53 billion US Long portfolio, decreased its stake in Liberty Global Plc (NASDAQ:LBTYK) by 267,900 shares to 5.50M shares, valued at $179.71M in 2017Q3, according to the filing. Align Technology, Inc. (NASDAQ:ALGN) has risen 82.22% since January 11, 2017 and is uptrending. It has outperformed by 38.10% the S&P500.

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Investors sentiment decreased to 1.2 in 2017 Q3. MDXG's asset turnover ratio is 1.6 and the company has financial leverage of 0.25. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. Endurance Wealth Incorporated holds 700 shares. Massachusetts Finance Ser Ma invested 0.01% in Align Technology, Inc. Syntal Capital Ltd Limited Liability Company holds 4,719 shares. (NYSE:YUME) for 977,463 shares. The Illinois-based Blair William & Il has invested 0% in Eagle Point Credit Company Inc. (NYSEARCA:ERI). Scopus Asset Mngmt Lp reported 2.05 million shares. Shine Inv Advisory accumulated 0.01% or 61 shares. Alps Advisors, a Colorado-based fund reported 3,440 shares. Pnc Fincl Services Gp holds 223,396 shares. Blue Ridge Lc stated it has 1.09 million shares or 1.32% of all its holdings. It increased, as 27 investors sold W shares while 44 reduced holdings. The Illinois-based Guggenheim Cap Ltd Liability has invested 0% in U.S. Global Investors, Inc. EJTTF's SI was 1.64 million shares in January as released by FINRA. Therefore 92% are positive. On Sunday, August 6 the stock rating was maintained by Stifel Nicolaus with "Buy". Align Technology had a return on equity of 25.60% and a net margin of 19.98%. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Robert W. Baird has "Buy" rating and $208.0 target. The stock of Align Technology, Inc. Jefferies Group LLC restated a "buy" rating and set a $105.00 target price (up previously from $100.00) on shares of Align Technology in a research note on Tuesday, November 8th. As per Friday, July 28, the company rating was maintained by Roth Capital. The Value Composite Two of Align Technology, Inc. The firm has "Buy" rating given on Monday, September 11 by Stifel Nicolaus. (NYSE:YUME) has "Overweight" rating given on Tuesday, August 11 by Piper Jaffray.

Montage Technology Group earned a media sentiment score of 0.18 on Accern's scale. Its down 1.99, from 3.19 in 2017Q2.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fisher Asset Limited has 0.02% invested in Align Technology, Inc. Whittier Communications Of Nevada invested 0% in Align Technology, Inc.

Shares of Align Technology (NASDAQ:ALGN) traded up $2.10 during midday trading on Friday, hitting $233.30. Barclays Public Ltd Co stated it has 163,003 shares or 0.03% of all its holdings.

We understand ALGN seems to be overvalued based on its current earnings, compared to its industry peers. Rhumbline Advisers lifted its position in shares of Align Technology by 4.9% during the 3rd quarter. (NASDAQ:ALGN). Schroder Investment Mngmt has 2,400 shares. Dimensional Fund Advsr Limited Partnership has 0.03% invested in Align Technology, Inc. (NASDAQ:ALGN). Federated Incorporated Pa reported 677,394 shares. Old Mutual Customised Solutions (Proprietary) Limited invested in 0.07% or 2,600 shares. National Bank & Trust Of Mellon holds 0% or 22,955 shares in its portfolio.

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