Regeneron Pharmaceuticals major shareholder Sanofi Purchases 212,400 Shares (REGN)
Regeneron Pharmaceuticals (NASDAQ:REGN) major shareholder Sanofi acquired 212,400 shares of the company’s stock on the open market in a transaction dated Wednesday, July 2nd. The shares were purchased at an average price of $307.25 per share, for a total transaction of $65,259,900.00. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Regeneron Pharmaceuticals (NASDAQ:REGN) traded up 0.85% on Thursday, hitting $311.16. The stock had a trading volume of 636,673 shares. Regeneron Pharmaceuticals has a one year low of $225.78 and a one year high of $352.49. The stock has a 50-day moving average of $299.8 and a 200-day moving average of $300.0. The company has a market cap of $30.714 billion and a P/E ratio of 88.46.
Regeneron Pharmaceuticals (NASDAQ:REGN) last announced its earnings results on Thursday, May 8th. The company reported $0.58 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.94 by $0.36. The company had revenue of $626.00 million for the quarter, compared to the consensus estimate of $609.04 million. During the same quarter last year, the company posted $1.78 earnings per share. Regeneron Pharmaceuticals’s revenue was up 42.3% compared to the same quarter last year. Analysts expect that Regeneron Pharmaceuticals will post $9.90 EPS for the current fiscal year.
A number of research firms have recently commented on REGN. Analysts at Zacks upgraded shares of Regeneron Pharmaceuticals from a “neutral” rating to an “outperform” rating in a research note on Wednesday, June 25th. They now have a $334.00 price target on the stock. Separately, analysts at Goldman Sachs reiterated a “buy” rating on shares of Regeneron Pharmaceuticals in a research note on Tuesday, June 24th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $344.00.
Regeneron Pharmaceuticals, Inc (NASDAQ:REGN) is an integrated biopharmaceutical company, which discovers, invents, develops, manufactures, and commercializes medicines for the treatment of serious medical conditions.
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