Neurocrine Biosciences, Inc. (NBIX) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Neurocrine Biosciences, Inc. (NASDAQ:NBIX) have been assigned a consensus recommendation of “Buy” from the nineteen analysts that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $67.87.
A number of equities analysts recently commented on the company. Oppenheimer Holdings, Inc. reissued an “outperform” rating and set a $70.00 price target on shares of Neurocrine Biosciences in a research note on Wednesday, July 5th. BidaskClub raised Neurocrine Biosciences from a “sell” rating to a “hold” rating in a research note on Wednesday, June 21st. ValuEngine raised Neurocrine Biosciences from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Jefferies Group LLC reissued a “buy” rating and set a $66.00 price target on shares of Neurocrine Biosciences in a research note on Tuesday, May 30th. Finally, Piper Jaffray Companies set a $68.00 price target on Neurocrine Biosciences and gave the company a “buy” rating in a research note on Wednesday, May 24th.
In other news, insider Malcolm Lloyd-Smith sold 9,960 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $53.63, for a total value of $534,154.80. Following the sale, the insider now directly owns 17,997 shares in the company, valued at $965,179.11. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Corinne H. Nevinny sold 5,000 shares of the stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $53.98, for a total value of $269,900.00. Following the completion of the sale, the director now owns 34,603 shares in the company, valued at $1,867,869.94. The disclosure for this sale can be found here. Over the last quarter, insiders sold 71,699 shares of company stock worth $3,855,122. Company insiders own 4.80% of the company’s stock.
Several large investors have recently modified their holdings of NBIX. Aperio Group LLC increased its stake in shares of Neurocrine Biosciences by 3.7% in the second quarter. Aperio Group LLC now owns 22,324 shares of the company’s stock valued at $1,027,000 after buying an additional 789 shares during the last quarter. Handelsinvest Investeringsforvaltning increased its stake in shares of Neurocrine Biosciences by 125.4% in the second quarter. Handelsinvest Investeringsforvaltning now owns 44,400 shares of the company’s stock valued at $2,042,000 after buying an additional 24,700 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new stake in shares of Neurocrine Biosciences during the second quarter valued at $9,576,000. Handelsbanken Fonder AB increased its stake in shares of Neurocrine Biosciences by 23.3% in the second quarter. Handelsbanken Fonder AB now owns 148,000 shares of the company’s stock valued at $6,808,000 after buying an additional 28,000 shares during the last quarter. Finally, Nuveen Asset Management LLC increased its stake in shares of Neurocrine Biosciences by 5.6% in the first quarter. Nuveen Asset Management LLC now owns 14,464 shares of the company’s stock valued at $626,000 after buying an additional 763 shares during the last quarter. Hedge funds and other institutional investors own 96.24% of the company’s stock.
Neurocrine Biosciences (NASDAQ NBIX) opened at 47.07 on Monday. Neurocrine Biosciences has a one year low of $37.35 and a one year high of $55.38. The stock’s market capitalization is $4.15 billion. The company’s 50 day moving average price is $45.94 and its 200-day moving average price is $45.82.
Neurocrine Biosciences (NASDAQ:NBIX) last announced its quarterly earnings results on Tuesday, May 9th. The company reported ($0.90) EPS for the quarter, missing analysts’ consensus estimates of ($0.67) by $0.23. During the same quarter in the prior year, the company earned ($0.22) earnings per share. Analysts expect that Neurocrine Biosciences will post ($2.48) earnings per share for the current year.
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Neurocrine Biosciences Company Profile
Neurocrine Biosciences, Inc is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson’s disease.
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