Vertex Pharmaceuticals Director Joshua S. Boger Unloads 5,200 Shares (VRTX)
Vertex Pharmaceuticals (NASDAQ:VRTX) Director Joshua S. Boger unloaded 5,200 shares of Vertex Pharmaceuticals stock on the open market in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $91.51, for a total transaction of $475,852.00. Following the completion of the transaction, the director now directly owns 338,895 shares of the company’s stock, valued at approximately $31,012,281. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Vertex Pharmaceuticals (NASDAQ:VRTX) traded up 1.17% during mid-day trading on Friday, hitting $90.035. 177,489 shares of the company’s stock traded hands. Vertex Pharmaceuticals has a one year low of $58.06 and a one year high of $99.74. The stock has a 50-day moving average of $92.83 and a 200-day moving average of $78.8. The company’s market cap is $21.436 billion.
Vertex Pharmaceuticals (NASDAQ:VRTX) last issued its quarterly earnings data on Tuesday, July 29th. The company reported ($0.61) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.71) by $0.10. The company had revenue of $138.42 million for the quarter, compared to the consensus estimate of $131.85 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The company’s quarterly revenue was down 55.5% on a year-over-year basis. Analysts expect that Vertex Pharmaceuticals will post $-2.90 EPS for the current fiscal year.
VRTX has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Vertex Pharmaceuticals in a research note on Thursday, July 31st. They now have a $97.00 price target on the stock. Separately, analysts at TheStreet upgraded shares of Vertex Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Wednesday, July 9th. Finally, analysts at Oppenheimer downgraded shares of Vertex Pharmaceuticals from an “outperform” rating to a “market perform” rating in a research note on Monday, July 7th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $102.82.
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX) is in the business of discovering, developing, manufacturing and commercializing small molecule drugs for the treatment of serious diseases.
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