New insider activity at Neogen ( (NEOG) ) has taken place on April 26, 2025.
In a recent series of transactions, Director Woteki Catherine E acquired 5,770 shares of Neogen stock, valued at $29,830. Additionally, Director James Borel made a significant purchase of 30,000 shares, amounting to $149,700. These strategic acquisitions highlight the directors’ confidence in Neogen’s future prospects.
Recent Updates on NEOG stock
In the past 24 hours, Neogen Corporation has been in the spotlight due to several developments impacting its stock. The company announced the sale of its global cleaners and disinfectants business to Kersia Group for $130 million, with proceeds aimed at repaying existing debt. This move is part of Neogen’s strategic shift to streamline operations and focus on core areas. Analysts have adjusted their price targets for Neogen, citing various reasons. Piper Sandler lowered its target due to slower-than-expected improvements in operating margins and updated financial estimates following quarterly results. Guggenheim also reduced its target, reflecting concerns over a CEO change and macroeconomic uncertainties that could affect short-term growth. Despite these challenges, Neogen’s strategic initiatives, such as transitioning its Petrifilm production to a new facility, aim to enhance operational efficiency and financial performance.
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: -56.45%
Average Trading Volume: 5,156,998
Technical Sentiment Signal: Buy
Current Market Cap: $1.13B