Eagle Pharmaceuticals Inc. (NASDAQ:EGRX) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “Eagle Pharmaceuticals, Inc. is a specialty pharmaceutical company. It focuses on developing and commercializing injectable products primarily in the critical care and oncology areas in the United States. The Company markets EP-1101 to treat heparin-induced thrombocytopenia. It develops EP-3101, EP-3102, Ryanodex and EP-4104. Eagle Pharmaceuticals, Inc. is based in Woodcliff Lake, New Jersey. “

EGRX has been the topic of a number of other reports. Mizuho cut Eagle Pharmaceuticals from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $66.00 to $47.00 in a research note on Monday, June 20th. Royal Bank Of Canada restated a “buy” rating and set a $78.00 price target on shares of Eagle Pharmaceuticals in a research note on Monday, June 13th. Finally, TheStreet upgraded Eagle Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $91.94.

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Shares of Eagle Pharmaceuticals (NASDAQ:EGRX) traded up 6.63% during mid-day trading on Tuesday, reaching $64.95. The company’s stock had a trading volume of 577,188 shares. The company’s 50-day moving average is $58.34 and its 200-day moving average is $47.60. Eagle Pharmaceuticals has a 52 week low of $33.02 and a 52 week high of $102.48. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 333.08 and a beta of 1.18.

Eagle Pharmaceuticals (NASDAQ:EGRX) last released its quarterly earnings results on Tuesday, August 9th. The specialty pharmaceutical company reported $0.80 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.09. Eagle Pharmaceuticals had a return on equity of 3.44% and a net margin of 3.45%. The company had revenue of $40.90 million for the quarter, compared to analysts’ expectations of $43.55 million. During the same period in the prior year, the firm earned ($0.53) earnings per share. The firm’s revenue was up 581.7% compared to the same quarter last year. Equities analysts predict that Eagle Pharmaceuticals will post $3.21 EPS for the current year.

In other news, major shareholder Proquest Investments Iv, L.P. sold 24,949 shares of the stock in a transaction on Monday, August 15th. The stock was sold at an average price of $60.77, for a total value of $1,516,150.73. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 18.80% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. State Street Corp raised its position in Eagle Pharmaceuticals by 64.3% in the first quarter. State Street Corp now owns 629,493 shares of the specialty pharmaceutical company’s stock valued at $25,489,000 after buying an additional 246,262 shares during the period. Bank of Montreal Can acquired a new position in Eagle Pharmaceuticals during the second quarter valued at approximately $5,356,000. Perceptive Advisors LLC raised its position in Eagle Pharmaceuticals by 60.2% in the second quarter. Perceptive Advisors LLC now owns 300,000 shares of the specialty pharmaceutical company’s stock valued at $11,637,000 after buying an additional 112,785 shares during the period. Cormorant Asset Management LLC raised its position in Eagle Pharmaceuticals by 25.0% in the first quarter. Cormorant Asset Management LLC now owns 500,000 shares of the specialty pharmaceutical company’s stock valued at $20,250,000 after buying an additional 100,000 shares during the period. Finally, A.R.T. Advisors LLC acquired a new position in Eagle Pharmaceuticals during the second quarter valued at approximately $3,259,000. 95.67% of the stock is currently owned by hedge funds and other institutional investors.

About Eagle Pharmaceuticals

Eagle Pharmaceuticals, Inc is a specialty pharmaceutical company. The Company focuses on developing and commercializing injectable products in the critical care and oncology areas. The Company’s product portfolio includes EP-1101 (argatroban); Ryanodex (dantrolene sodium); docetaxel injection, non-alcohol formulation (Non-Alcohol Docetaxel Injection); diclofenac-misoprostol; EP-3101 (Bendamustine Hydrochloride Injection, ready-to-dilute (RTD) concentrate solution), and EP-3102 (rapidly infused bendamustine RTD) (EP-3102 Bendeka).

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