Insider Buying: Ross J. Mangano Purchases 2,000 Shares of ANI Pharmaceuticals Stock (ANIP)
ANI Pharmaceuticals (NASDAQ:ANIP) Director Ross J. Mangano acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average price of $30.38 per share, with a total value of $60,760.00. Following the completion of the transaction, the director now directly owns 23,914 shares in the company, valued at approximately $726,507. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ANIP shares. Analysts at Roth Capital raised their price target on shares of ANI Pharmaceuticals from $36.00 to $38.00 in a research note on Tuesday. Separately, analysts at Zacks downgraded shares of ANI Pharmaceuticals from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $31.60 price target on the stock. Finally, analysts at Zacks upgraded shares of ANI Pharmaceuticals from a “neutral” rating to an “outperform” rating in a research note on Tuesday, March 11th. They now have a $38.50 price target on the stock.
Shares of ANI Pharmaceuticals (NASDAQ:ANIP) traded down 0.42% on Wednesday, hitting $31.14. The stock had a trading volume of 229,739 shares. ANI Pharmaceuticals has a 52 week low of $4.80 and a 52 week high of $38.74. The stock has a 50-day moving average of $30.00 and a 200-day moving average of $22.33. The company’s market cap is $300.2 million.
ANI Pharmaceuticals (NASDAQ:ANIP) last announced its earnings results on Monday, May 5th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. The company had revenue of $10.90 million for the quarter, compared to the consensus estimate of $11.40 million. During the same quarter in the previous year, the company posted ($0.18) earnings per share. The company’s revenue for the quarter was up 94.6% on a year-over-year basis. On average, analysts predict that ANI Pharmaceuticals will post $1.74 earnings per share for the current fiscal year.
ANI Pharmaceuticals, Inc is an integrated specialty pharmaceutical company developing, manufacturing and marketing branded and generic prescription pharmaceuticals.
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