Aerie Pharmaceuticals major shareholder Group Holdings (Sbs) Advis Tpg Unloads 1,000,000 Shares (AERI)
Aerie Pharmaceuticals (NASDAQ:AERI) major shareholder Group Holdings (Sbs) Advis Tpg sold 1,000,000 shares of Aerie Pharmaceuticals stock on the open market in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $25.17, for a total value of $25,170,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of Aerie Pharmaceuticals (NASDAQ:AERI) traded up 2.16% on Friday, hitting $25.97. The stock had a trading volume of 345,770 shares. Aerie Pharmaceuticals has a 1-year low of $10.25 and a 1-year high of $29.71. The stock has a 50-day moving average of $19.96 and a 200-day moving average of $19.00. The company’s market cap is $608.7 million.
Aerie Pharmaceuticals (NASDAQ:AERI) last posted its quarterly earnings results on Monday, May 12th. The company reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.07. Analysts expect that Aerie Pharmaceuticals will post $-1.43 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Aerie Pharmaceuticals in a research note on Thursday, July 3rd. They set a “buy” rating and a $40.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Aerie Pharmaceuticals from $27.00 to $36.00 in a research note on Thursday, June 26th. They now have an “outperform” rating on the stock. Finally, analysts at Needham & Company LLC raised their price target on shares of Aerie Pharmaceuticals from $26.00 to $37.00 in a research note on Thursday, June 26th. They now have a “buy” rating on the stock.
Aerie Pharmaceuticals, Inc is a United States-based company. The Company is a clinical-stage pharmaceutical company focused on the discovery, development and commercialization of therapies for the treatment of patients with glaucoma and other diseases of the eye.
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