New insider activity at Neogen ( (NEOG) ) has taken place on April 25, 2025.
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In a significant move, Director William Boehm acquired 5,000 shares of Neogen stock, investing $26,150, while Director James Borel made an even larger purchase of 35,000 shares, amounting to $171,150. These transactions highlight a strong vote of confidence in Neogen’s potential from its leadership.
Recent Updates on NEOG stock
In the past 24 hours, Neogen Corporation has been in the spotlight due to several significant developments. The company announced a strategic move to sell its global cleaners and disinfectants business to Kersia Group for $130 million, with proceeds intended to repay existing debt. This divestiture is part of Neogen’s broader strategy to streamline operations and focus on core areas. Additionally, Neogen is transitioning its Petrifilm production to a new facility in Lansing, Michigan, which aims to enhance supply stability and product performance. Analysts have adjusted their price targets for Neogen, citing various factors such as slower ramp in operating margins, updated estimates following quarterly results, and macroeconomic uncertainties. Piper Sandler lowered its price target due to these financial challenges, while Guggenheim adjusted its target amidst leadership changes and market conditions. Despite these challenges, Neogen’s strategic initiatives and restructuring efforts are seen as steps towards improving its financial health.
Spark’s Take on NEOG Stock
According to Spark, TipRanks’ AI Analyst, NEOG is a Neutral.
Neogen’s stock score is significantly impacted by financial struggles, including substantial net losses and declining revenues. The bearish technical indicators further exacerbate the situation. While some strategic initiatives and refinancing efforts provide potential for improvement, they are insufficient to overcome current challenges. The cautious sentiment from the earnings call reflects these ongoing difficulties.
To see Spark’s full report on NEOG stock, click here.
More about Neogen
YTD Price Performance: -58.79%
Average Trading Volume: 5,132,451
Technical Sentiment Signal: Buy
Current Market Cap: $1.03B