Shares of Align Technology Inc. (NASDAQ:ALGN) gapped up before the market opened on Friday . The stock had previously closed at $93.25, but opened at $93.76. Align Technology shares last traded at $95.37, with a volume of 441,440 shares changing hands.

Several equities analysts have weighed in on the stock. Stifel Nicolaus lifted their price target on shares of Align Technology from $82.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, July 28th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $82.00 price target (up previously from $74.00) on shares of Align Technology in a report on Tuesday, May 17th. Zacks Investment Research downgraded shares of Align Technology from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Credit Suisse Group AG assumed coverage on shares of Align Technology in a report on Wednesday, May 11th. They set an “outperform” rating and a $84.00 price target on the stock. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Align Technology in a report on Saturday, June 4th. Eleven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $83.09.

The firm has a market cap of $7.67 billion and a P/E ratio of 46.72. The firm has a 50 day moving average of $90.41 and a 200 day moving average of $78.51.

Align Technology (NASDAQ:ALGN) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.62 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.14. The business earned $269.40 million during the quarter, compared to analyst estimates of $259.29 million. Align Technology’s quarterly revenue was up 28.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.39 EPS. On average, equities analysts forecast that Align Technology Inc. will post $2.27 EPS for the current fiscal year.

In other news, VP Julie Tay sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $92.60, for a total transaction of $277,800.00. Following the sale, the vice president now owns 3,104 shares of the company’s stock, valued at approximately $287,430.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jennifer Olson sold 799 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $93.30, for a total transaction of $74,546.70. Following the sale, the vice president now directly owns 4,483 shares in the company, valued at approximately $418,263.90. The disclosure for this sale can be found here.

Align Technology, Inc designs, manufactures and markets a system of clear aligner therapy, intra-oral scanners and computer-aided design and computer-aided manufacturing (CAD/CAM) digital services used in dentistry, orthodontics and dental records storage. The Company operates through two segments: Clear Aligner segment and Scanner and Services (Scanner) segment.

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