Insider Selling: United Therapeutics Director Unloads 1,500 Shares of Stock (UTHR)
United Therapeutics (NASDAQ:UTHR) Director Christopher Causey sold 1,500 shares of United Therapeutics stock on the open market in a transaction dated Friday, August 15th. The shares were sold at an average price of $91.14, for a total transaction of $136,710.00. Following the sale, the director now directly owns 733 shares of the company’s stock, valued at approximately $66,806. The transaction was disclosed in a document filed with the SEC, which is available at this link.
United Therapeutics (NASDAQ:UTHR) traded up 2.26% on Friday, hitting $91.79. The stock had a trading volume of 571,332 shares. United Therapeutics has a 52-week low of $70.34 and a 52-week high of $116.65. The stock’s 50-day moving average is $91.0 and its 200-day moving average is $95.89. The company has a market cap of $4.339 billion and a price-to-earnings ratio of 17.34.
United Therapeutics (NASDAQ:UTHR) last announced its earnings results on Tuesday, July 29th. The company reported $2.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.75 by $0.82. The company had revenue of $322.80 million for the quarter, compared to the consensus estimate of $308.04 million. During the same quarter in the prior year, the company posted $1.52 earnings per share. The company’s quarterly revenue was up 15.0% on a year-over-year basis. On average, analysts predict that United Therapeutics will post $8.55 earnings per share for the current fiscal year.
A number of research firms have recently commented on UTHR. Analysts at Wedbush raised their price target on shares of United Therapeutics from $119.00 to $133.00 in a research note on Thursday, July 31st. Separately, analysts at RBC Capital raised their price target on shares of United Therapeutics from $90.00 to $93.00 in a research note on Thursday, July 31st. Finally, analysts at HC Wainwright raised their price target on shares of United Therapeutics from $120.00 to $150.00 in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. United Therapeutics has a consensus rating of “Buy” and an average price target of $102.21.
United Therapeutics Corporation is a biotechnology company focused on the development and commercialization of products to address the unmet medical needs of patients with chronic and life-threatening conditions.
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