Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) Issues Quarterly Earnings Results
Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) issued its quarterly earnings data on Thursday. The biopharmaceutical company reported ($1.72) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($1.72), Bloomberg Earnings reports. During the same quarter in the prior year, the business earned ($1.46) earnings per share.
Shares of Ultragenyx Pharmaceutical (RARE) traded down 4.36% during mid-day trading on Thursday, reaching $67.74. 296,745 shares of the company traded hands. The firm has a 50 day moving average of $64.32 and a 200-day moving average of $67.77. Ultragenyx Pharmaceutical has a 52 week low of $51.67 and a 52 week high of $91.35. The stock’s market capitalization is $2.87 billion.
In related news, VP Theodore Alan Huizenga sold 480 shares of the firm’s stock in a transaction dated Friday, May 26th. The stock was sold at an average price of $57.46, for a total transaction of $27,580.80. Following the completion of the transaction, the vice president now directly owns 9,366 shares in the company, valued at approximately $538,170.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 9.20% of the company’s stock.
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Several brokerages have commented on RARE. BidaskClub upgraded shares of Ultragenyx Pharmaceutical from a “hold” rating to a “buy” rating in a report on Tuesday. Sanford C. Bernstein initiated coverage on shares of Ultragenyx Pharmaceutical in a research note on Thursday. They issued a “market perform” rating and a $72.00 price target for the company. ValuEngine upgraded shares of Ultragenyx Pharmaceutical from a “sell” rating to a “hold” rating in a research note on Thursday, June 22nd. Zacks Investment Research upgraded shares of Ultragenyx Pharmaceutical from a “sell” rating to a “hold” rating in a research note on Tuesday, July 18th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $68.00 price target on shares of Ultragenyx Pharmaceutical in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $84.80.
About Ultragenyx Pharmaceutical
Ultragenyx Pharmaceutical Inc is a clinical-stage biopharmaceutical company. The Company is focused on the identification, acquisition, development, and commercialization of products for the treatment of genetic diseases. Its clinical-stage pipeline consists of two product categories: biologics (including a monoclonal antibody and an enzyme replacement therapy), and small-molecule substrate replacement therapies.
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