BioLife Solutions (BLFS) Receives a Buy from Lake Street

Lake Street analyst Thomas Flaten maintained a Buy rating on BioLife Solutions (BLFS – Research Report) today and set a price target of $20.00. The company’s shares closed yesterday at $15.14.

According to TipRanks, Flaten is an analyst with an average return of -14.1% and a 24.78% success rate. Flaten covers the Healthcare sector, focusing on stocks such as Optinose, Achieve Life Sciences, and BioLife Solutions.

Currently, the analyst consensus on BioLife Solutions is a Strong Buy with an average price target of $23.17, which is a 53.04% upside from current levels. In a report released on April 4, Jefferies also initiated coverage with a Buy rating on the stock with a $22.00 price target.

BLFS market cap is currently $685.8M and has a P/E ratio of -9.96.

Based on the recent corporate insider activity of 165 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BLFS in relation to earlier this year.

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BioLife Solutions (BLFS) Company Description:

BioLife Solutions, Inc. engages in the development, manufacture, and marketing of biopreservation tools for cells and tissues. Its product offerings include proprietary hypothermic storage and cryopreservation freeze media products for cells, tissues, and organs; generic blood stem cell freezing and cell thawing media products; and custom product formulation and custom packaging services. The company was founded by Boris Rubinsky in 1998 and it is headquartered in Bothell, WA.