Alambic Investment Management L.P. purchased a new stake in shares of NanoString Technologies Inc (NASDAQ:NSTG) in the 4th quarter, HoldingsChannel reports. The firm purchased 76,088 shares of the biotechnology company’s stock, valued at approximately $568,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. bought a new position in NanoString Technologies during the second quarter valued at about $261,000. Nationwide Fund Advisors grew its position in NanoString Technologies by 368.4% during the second quarter. Nationwide Fund Advisors now owns 41,098 shares of the biotechnology company’s stock valued at $680,000 after buying an additional 32,323 shares during the period. Candriam Luxembourg S.C.A. grew its position in NanoString Technologies by 135.6% during the third quarter. Candriam Luxembourg S.C.A. now owns 106,000 shares of the biotechnology company’s stock valued at $1,713,000 after buying an additional 61,000 shares during the period. Bank of New York Mellon Corp grew its position in NanoString Technologies by 45.7% during the third quarter. Bank of New York Mellon Corp now owns 101,884 shares of the biotechnology company’s stock valued at $1,646,000 after buying an additional 31,957 shares during the period. Finally, State Street Corp grew its position in NanoString Technologies by 13.4% during the second quarter. State Street Corp now owns 261,864 shares of the biotechnology company’s stock valued at $4,332,000 after buying an additional 30,864 shares during the period. Institutional investors own 92.21% of the company’s stock.

NanoString Technologies Inc (NASDAQ:NSTG) opened at $6.69 on Thursday. The company has a current ratio of 3.35, a quick ratio of 2.89 and a debt-to-equity ratio of 1.08. The firm has a market cap of $170.07, a PE ratio of -3.24 and a beta of 0.78. NanoString Technologies Inc has a 1 year low of $6.50 and a 1 year high of $20.70.

Several equities analysts recently weighed in on NSTG shares. Robert W. Baird restated a “buy” rating and set a $14.00 price target on shares of NanoString Technologies in a research report on Tuesday, October 24th. Zacks Investment Research upgraded shares of NanoString Technologies from a “hold” rating to a “buy” rating and set a $8.25 price target for the company in a research report on Wednesday, January 3rd. Cowen lowered shares of NanoString Technologies from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 12th. Janney Montgomery Scott lowered shares of NanoString Technologies from a “buy” rating to a “neutral” rating in a research report on Thursday, October 12th. Finally, ValuEngine lowered shares of NanoString Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, February 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.06.

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About NanoString Technologies

NanoString Technologies, Inc develops, manufactures and sells intuitive products that unlock scientifically valuable and clinically actionable biologic information from minute amounts of tissue. The Company is engaged in the development, manufacture and commercialization of instruments, consumables and services for profiling the activity of hundreds of genes and proteins simultaneously from a single tissue sample.

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Institutional Ownership by Quarter for NanoString Technologies (NASDAQ:NSTG)

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