Insider Selling: Michael S. Brown Sells 3,000 Shares of Regeneron Pharmaceuticals Stock (REGN)
Regeneron Pharmaceuticals (NASDAQ:REGN) Director Michael S. Brown sold 3,000 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $349.20, for a total value of $1,047,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Regeneron Pharmaceuticals (NASDAQ:REGN) traded down 0.08% during mid-day trading on Wednesday, hitting $346.516. 131,309 shares of the company’s stock traded hands. Regeneron Pharmaceuticals has a 1-year low of $227.97 and a 1-year high of $353.05. The stock’s 50-day moving average is $319.2 and its 200-day moving average is $309.6. The company has a market cap of $34.787 billion and a price-to-earnings ratio of 98.69.
Regeneron Pharmaceuticals (NASDAQ:REGN) last announced its earnings results on Tuesday, August 5th. The company reported $2.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $2.30 by $0.17. The company had revenue of $666.00 million for the quarter, compared to the consensus estimate of $647.99 million. During the same quarter in the prior year, the company posted $1.73 earnings per share. The company’s quarterly revenue was up 45.4% on a year-over-year basis. On average, analysts predict that Regeneron Pharmaceuticals will post $10.14 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on REGN shares. Analysts at RBC Capital raised their price target on shares of Regeneron Pharmaceuticals from $349.00 to $373.00 in a research note on Wednesday, August 6th. They now have an “outperform” rating on the stock. Separately, analysts at Roth Capital reiterated a “buy” rating on shares of Regeneron Pharmaceuticals in a research note on Tuesday, August 5th. Finally, analysts at Deutsche Bank raised their price target on shares of Regeneron Pharmaceuticals from $410.00 to $425.00 in a research note on Tuesday, August 5th. They now have a “buy” rating on the stock. Five analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Regeneron Pharmaceuticals has an average rating of “Buy” and a consensus price target of $345.94.
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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