Aegerion Pharmaceuticals Inc. (AEGR) Shares Down 3.4%
Aegerion Pharmaceuticals Inc. (NASDAQ:AEGR)’s share price fell 3.4% during mid-day trading on Wednesday . The stock traded as low as $2.14 and last traded at $2.29, with a volume of 798,291 shares trading hands. The stock had previously closed at $2.37.
Separately, Zacks Investment Research cut Aegerion Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Thursday, August 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Aegerion Pharmaceuticals presently has a consensus rating of “Hold” and an average target price of $13.21.
The firm has a 50-day moving average price of $1.63 and a 200-day moving average price of $2.30. The firm’s market capitalization is $68.47 million.
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Aegerion Pharmaceuticals (NASDAQ:AEGR) last posted its quarterly earnings results on Tuesday, August 9th. The biopharmaceutical company reported ($0.72) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.38) by $0.34. Aegerion Pharmaceuticals had a negative net margin of 80.76% and a negative return on equity of 128.77%. The business earned $44.50 million during the quarter, compared to analyst estimates of $35.50 million. Equities analysts forecast that Aegerion Pharmaceuticals Inc. will post ($3.44) earnings per share for the current fiscal year.
In other news, major shareholder Healthcare Master Fun Broadfin acquired 276,000 shares of the company’s stock in a transaction on Monday, September 12th. The shares were bought at an average price of $1.66 per share, with a total value of $458,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.60% of the company’s stock.
Several institutional investors have recently modified their holdings of AEGR. Artal Group S.A. purchased a new position in shares of Aegerion Pharmaceuticals during the second quarter valued at about $1,490,000. Eqis Capital Management Inc. raised its position in shares of Aegerion Pharmaceuticals by 3.9% in the second quarter. Eqis Capital Management Inc. now owns 87,458 shares of the biopharmaceutical company’s stock valued at $130,000 after buying an additional 3,255 shares during the last quarter. Squarepoint Ops LLC raised its position in shares of Aegerion Pharmaceuticals by 9.1% in the first quarter. Squarepoint Ops LLC now owns 34,906 shares of the biopharmaceutical company’s stock valued at $129,000 after buying an additional 2,906 shares during the last quarter. Royal Bank of Canada raised its position in shares of Aegerion Pharmaceuticals by 1,193.5% in the first quarter. Royal Bank of Canada now owns 58,247 shares of the biopharmaceutical company’s stock valued at $216,000 after buying an additional 53,744 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Aegerion Pharmaceuticals during the first quarter valued at about $574,000. 87.60% of the stock is currently owned by institutional investors.
Aegerion Pharmaceuticals Company Profile
Aegerion Pharmaceuticals, Inc is a biopharmaceutical company engaged in the development and commercialization of therapies for patients with debilitating rare diseases. It operates through pharmaceuticals segment. Its products include lomitapide and metreleptin. Lomitapide is a small molecule microsomal triglyceride transfer protein (MTP) inhibitor.
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