Stevanato Group (NYSE:STVN) Shares Gap Up – Time to Buy?

Stevanato Group S.p.A. (NYSE:STVN)’s stock price gapped up before the market opened on Monday . The stock had previously closed at €21.03, but opened at €21.80. Stevanato Group shares last traded at €21.31, with a volume of 15,685 shares traded.

Wall Street Analyst Weigh In

STVN has been the topic of several research reports. TD Cowen raised shares of Stevanato Group to a “strong-buy” rating in a research report on Wednesday, June 17th. Weiss Ratings raised shares of Stevanato Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday. Finally, Wolfe Research began coverage on shares of Stevanato Group in a report on Tuesday, June 2nd. They set an “outperform” rating and a $21.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Stevanato Group Stock Up 0.7%

The company has a current ratio of 1.61, a quick ratio of 1.08 and a debt-to-equity ratio of 0.21. The company has a market cap of $6.41 billion, a price-to-earnings ratio of 37.80, a PEG ratio of 1.72 and a beta of 0.77. The firm’s fifty day simple moving average is €19.99 and its 200 day simple moving average is €17.52.

Stevanato Group (NYSE:STVN) last announced its quarterly earnings data on Wednesday, August 5th. The company reported €0.14 earnings per share for the quarter, missing analysts’ consensus estimates of €0.15 by (€0.01). The firm had revenue of €302.00 million during the quarter. Stevanato Group had a net margin of 10.99% and a return on equity of 10.43%. Sell-side analysts predict that Stevanato Group S.p.A. will post 0.69 earnings per share for the current year.

Insider Activity at Stevanato Group

In other Stevanato Group news, CFO Lago Marco Dal sold 4,209 shares of Stevanato Group stock in a transaction dated Friday, August 7th. The stock was sold at an average price of €20.09, for a total transaction of €84,558.81. Following the completion of the sale, the chief financial officer directly owned 81,144 shares of the company’s stock, valued at €1,630,182.96. The trade was a 4.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Luciano Santel sold 2,023 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of €20.09, for a total value of €40,642.07. Following the transaction, the director directly owned 4,739 shares of the company’s stock, valued at approximately €95,206.51. This represents a 29.92% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 14,249 shares of company stock worth $268,346 over the last three months. Company insiders own 0.70% of the company’s stock.

Institutional Investors Weigh In On Stevanato Group

Several hedge funds and other institutional investors have recently bought and sold shares of STVN. GW&K Investment Management LLC lifted its position in Stevanato Group by 76.2% in the fourth quarter. GW&K Investment Management LLC now owns 2,440 shares of the company’s stock valued at $49,000 after acquiring an additional 1,055 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of Stevanato Group by 22.6% during the first quarter. Fifth Third Bancorp now owns 4,196 shares of the company’s stock worth $58,000 after purchasing an additional 773 shares during the last quarter. State of Wyoming increased its position in shares of Stevanato Group by 39,216.7% during the second quarter. State of Wyoming now owns 2,359 shares of the company’s stock worth $58,000 after purchasing an additional 2,353 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Stevanato Group during the third quarter worth about $68,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Stevanato Group by 1,268.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,585 shares of the company’s stock valued at $112,000 after purchasing an additional 4,250 shares during the last quarter.

Stevanato Group Company Profile

Stevanato Group is a global provider of primary packaging solutions and related services for the pharmaceutical and biotech industries. The company specializes in the design, development and manufacturing of glass drug containers such as vials, cartridges and pre-fillable syringes, as well as advanced inspection systems and assembly equipment. Its integrated offerings cover the entire packaging supply chain, from component production to bespoke filling lines and serialization technology.

In addition to its core glass business, Stevanato Group delivers engineering services and process validation support to pharmaceutical customers.