Maxim Group Believes BioLife Solutions (NASDAQ: BLFS) Won’t Stop Here

By Austin Angelo

Maxim Group analyst Gabrielle Zhou reiterated a Buy rating on BioLife Solutions (NASDAQ: BLFS) today and set a price target of $5. The company’s shares opened today at $3.50, close to its 52-week high of $3.74.

According to, Zhou is a 1-star analyst with an average return of -0.6% and a 42.6% success rate. Zhou covers the Healthcare sector, focusing on stocks such as IntelliPharmaCeutics International, ContraVir Pharmaceuticals Inc, and Cellular Biomedicine Group.

BioLife Solutions has an analyst consensus of Moderate Buy, with a price target consensus of $5.

Based on BioLife Solutions’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $2.37 million and GAAP net loss of $870.3K. In comparison, last year the company earned revenue of $1.99 million and had a GAAP net loss of $1.36 million.

Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BLFS in relation to earlier this year. Last month, Aby Mathew, the CTO of BLFS bought 24,285 shares for a total of $33,999.

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BioLife Solutions, Inc. engages in the development, manufacture, and marketing of portfolio of biopreservation tools for cells, tissues, and organs. Its products include CryoStor, BloodStor, HypoThermosol FRS, Cell Thawing Media, and PrepaStor. The company was founded by Boris Rubinsky in 1998 and it is headquartered in Bothell, WA.