FibroGen, Inc (FGEN) Receives Consensus Rating of “Buy” from Brokerages
Shares of FibroGen, Inc (NASDAQ:FGEN) have been assigned a consensus rating of “Buy” from the nine research firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $66.60.
A number of research analysts have recently issued reports on the company. William Blair reaffirmed an “outperform” rating on shares of FibroGen in a research note on Wednesday, August 9th. Goldman Sachs Group, Inc. (The) lowered shares of FibroGen from a “buy” rating to a “neutral” rating and set a $31.00 target price for the company. in a report on Friday, July 21st. BidaskClub lowered shares of FibroGen from a “strong-buy” rating to a “buy” rating in a report on Monday, July 31st. Leerink Swann reiterated an “outperform” rating and set a $82.00 target price (up from $52.00) on shares of FibroGen in a report on Tuesday, August 8th. Finally, Citigroup Inc. increased their target price on shares of FibroGen from $48.00 to $65.00 and gave the stock a “top pick” rating in a report on Tuesday, August 8th.
In other news, VP Pat Cotroneo sold 95,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $50.61, for a total transaction of $4,807,950.00. Following the completion of the sale, the vice president now directly owns 173,366 shares in the company, valued at $8,774,053.26. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider K Peony Yu sold 37,500 shares of the stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $50.58, for a total transaction of $1,896,750.00. Following the sale, the insider now owns 236,507 shares of the company’s stock, valued at $11,962,524.06. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 477,938 shares of company stock valued at $17,570,645. 14.90% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. State Street Corp raised its stake in shares of FibroGen by 16.4% in the second quarter. State Street Corp now owns 1,763,387 shares of the biopharmaceutical company’s stock valued at $56,962,000 after buying an additional 248,922 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of FibroGen by 1.7% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 29,090 shares of the biopharmaceutical company’s stock valued at $939,000 after buying an additional 474 shares during the period. Janus Henderson Group PLC bought a new stake in shares of FibroGen during the second quarter valued at approximately $45,633,000. Hillhouse Capital Management Ltd. raised its stake in shares of FibroGen by 75.0% in the second quarter. Hillhouse Capital Management Ltd. now owns 1,750,000 shares of the biopharmaceutical company’s stock valued at $56,525,000 after buying an additional 750,000 shares during the period. Finally, Tudor Investment Corp ET AL raised its stake in shares of FibroGen by 7.1% in the second quarter. Tudor Investment Corp ET AL now owns 12,095 shares of the biopharmaceutical company’s stock valued at $391,000 after buying an additional 799 shares during the period. Institutional investors and hedge funds own 43.03% of the company’s stock.
FibroGen (NASDAQ:FGEN) opened at 44.05 on Tuesday. The firm’s 50-day moving average price is $35.25 and its 200 day moving average price is $28.50. The firm’s market capitalization is $3.14 billion. FibroGen has a one year low of $15.60 and a one year high of $51.70.
FibroGen (NASDAQ:FGEN) last announced its quarterly earnings data on Monday, August 7th. The biopharmaceutical company reported ($0.48) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.47) by $0.01. FibroGen had a negative net margin of 105.59% and a negative return on equity of 64.42%. The company had revenue of $29 million for the quarter, compared to the consensus estimate of $34.80 million. On average, equities analysts anticipate that FibroGen will post ($1.82) earnings per share for the current fiscal year.
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FibroGen Company Profile
FibroGen, Inc is a science-based biopharmaceutical company. The Company is engaged in the discovery, development and commercialization of therapeutics to treat serious unmet medical needs. Its lead product candidate is roxadustat (FG-4592). It is also engaged in developing products, such as FG-6874, FG-3019 and FG-5200.
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