Epizyme major shareholder Ryan D. Drant Unloads 4,061 Shares (EPZM)
Epizyme (NASDAQ:EPZM) major shareholder Ryan D. Drant unloaded 4,061 shares of the company’s stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $36.54, for a total transaction of $148,388.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of research firms have recently commented on EPZM. Analysts at HC Wainwright raised their price target on shares of Epizyme from $40.00 to $45.00 in a research note on Wednesday, August 13th. They now have a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Epizyme from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 7th. They now have a $36.80 price target on the stock. Finally, analysts at Wainwright initiated coverage on shares of Epizyme in a research note on Tuesday, July 15th. They set a “buy” rating and a $40.00 price target on the stock.
Shares of Epizyme (NASDAQ:EPZM) traded down 0.65% during mid-day trading on Wednesday, hitting $33.87. 133,895 shares of the company’s stock traded hands. Epizyme has a 52 week low of $18.10 and a 52 week high of $42.71. The stock’s 50-day moving average is $32.22 and its 200-day moving average is $27.22. The company’s market cap is $1.137 billion.
Epizyme (NASDAQ:EPZM) last posted its quarterly earnings results on Wednesday, August 13th. The company reported ($0.40) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.50) by $0.10. The company had revenue of $9.50 million for the quarter, compared to the consensus estimate of $7.59 million. Analysts expect that Epizyme will post $-1.62 EPS for the current fiscal year.
Epizyme, Inc is a clinical stage biopharmaceutical company that discovers, develops and plans to commercialize personalized therapeutics for patients with genetically defined cancers.
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