MannKind VP Unloads $15,076 in Stock (MNKD)
MannKind (NASDAQ:MNKD) VP Juergen Martens unloaded 1,458 shares of MannKind stock on the open market in a transaction dated Friday, June 20th. The stock was sold at an average price of $10.34, for a total transaction of $15,075.72. Following the completion of the sale, the vice president now directly owns 114,024 shares in the company, valued at approximately $1,179,008. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
A number of research firms have recently commented on MNKD. Analysts at RBC Capital initiated coverage on shares of MannKind in a research note on Thursday, June 12th. They set an “outperform” rating and a $16.00 price target on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of MannKind in a research note on Wednesday, May 14th. They now have a $7.00 price target on the stock. Finally, analysts at Piper Jaffray upgraded shares of MannKind from an “underweight” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $6.50 price target on the stock, up previously from $2.00. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. MannKind currently has a consensus rating of “Hold” and an average target price of $8.79.
MannKind (NASDAQ:MNKD) traded down 1.62% on Friday, hitting $10.35. 10,671,792 shares of the company’s stock traded hands. MannKind has a 1-year low of $3.80 and a 1-year high of $11.11. The stock’s 50-day moving average is $8.49 and its 200-day moving average is $6.42. The company’s market cap is $3.912 billion.
MannKind (NASDAQ:MNKD) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.13) by $0.01. During the same quarter in the previous year, the company posted ($0.15) earnings per share. Analysts expect that MannKind will post $-0.37 EPS for the current fiscal year.
MannKind Corporation (NASDAQ:MNKD) is a development-stage biopharmaceutical company.
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