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Shares of Aegerion Pharmaceuticals (NASDAQ:AEGR) hit a new 52-week low on Monday , reports. The company traded as low as $29.45 and last traded at $29.91, with a volume of 976,096 shares. The stock had previously closed at $32.85.

A number of research firms have recently commented on AEGR. Analysts at Goldman Sachs initiated coverage on shares of Aegerion Pharmaceuticals in a research note on Tuesday, May 27th. They set a “sell” rating and a $27.00 price target on the stock. Separately, analysts at Citigroup Inc. downgraded shares of Aegerion Pharmaceuticals from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 7th. Finally, analysts at Deutsche Bank cut their price target on shares of Aegerion Pharmaceuticals from $115.00 to $70.00 in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $77.71.

The stock has a 50-day moving average of $38.20 and a 200-day moving average of $55.47. The company’s market cap is $896.3 million.

Aegerion Pharmaceuticals (NASDAQ:AEGR) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($0.25) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.35) by $0.10. The company had revenue of $27.00 million for the quarter, compared to the consensus estimate of $33.58 million. Analysts expect that Aegerion Pharmaceuticals will post $-0.91 EPS for the current fiscal year.

In other Aegerion Pharmaceuticals news, CEO Marc D. Beer bought 10,000 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 27th. The stock was purchased at an average price of $31.59 per share, with a total value of $315,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Aegerion Pharmaceuticals, Inc (NASDAQ:AEGR) is a biopharmaceutical company focused on the development and commercialization of therapeutics to treat lipid disorders.

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