Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) (TSE:AUP) was downgraded by Vetr from a “buy” rating to a “hold” rating in a research note issued on Wednesday. They presently have a $6.64 target price on the biotechnology company’s stock. Vetr‘s price objective would suggest a potential downside of 1.48% from the company’s current price.

AUPH has been the subject of a number of other research reports. BidaskClub lowered shares of Aurinia Pharmaceuticals from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. Cantor Fitzgerald set a $14.00 price objective on shares of Aurinia Pharmaceuticals and gave the company a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Aurinia Pharmaceuticals from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a research report on Tuesday, August 15th. Finally, HC Wainwright cut their price objective on shares of Aurinia Pharmaceuticals from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, May 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. Aurinia Pharmaceuticals presently has an average rating of “Buy” and an average target price of $9.71.

Shares of Aurinia Pharmaceuticals (NASDAQ:AUPH) traded down 2.32% during mid-day trading on Wednesday, hitting $6.74. 1,789,114 shares of the stock were exchanged. The stock’s market cap is $562.69 million. The company has a 50-day moving average of $6.23 and a 200 day moving average of $6.56. Aurinia Pharmaceuticals has a one year low of $1.97 and a one year high of $10.54.

Aurinia Pharmaceuticals (NASDAQ:AUPH) (TSE:AUP) last posted its quarterly earnings data on Thursday, August 10th. The biotechnology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.13) by $0.10. The business had revenue of $0.33 million during the quarter, compared to analyst estimates of $0.06 million. Aurinia Pharmaceuticals had a negative net margin of 16,648.93% and a negative return on equity of 28.61%. On average, equities analysts predict that Aurinia Pharmaceuticals will post ($1.00) earnings per share for the current year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in AUPH. FMR LLC purchased a new stake in Aurinia Pharmaceuticals during the first quarter worth approximately $42,928,000. NEA Management Company LLC grew its stake in Aurinia Pharmaceuticals by 18.2% during the first quarter. NEA Management Company LLC now owns 4,808,483 shares of the biotechnology company’s stock worth $35,294,000 after buying an additional 740,740 shares during the period. Goldman Sachs Group Inc. grew its stake in Aurinia Pharmaceuticals by 357.3% during the second quarter. Goldman Sachs Group Inc. now owns 876,461 shares of the biotechnology company’s stock worth $5,373,000 after buying an additional 684,816 shares during the period. Morgan Stanley grew its stake in Aurinia Pharmaceuticals by 11,061.7% during the first quarter. Morgan Stanley now owns 446,135 shares of the biotechnology company’s stock worth $3,273,000 after buying an additional 442,138 shares during the period. Finally, Vivo Capital LLC grew its stake in Aurinia Pharmaceuticals by 68.9% during the second quarter. Vivo Capital LLC now owns 1,013,149 shares of the biotechnology company’s stock worth $6,211,000 after buying an additional 413,149 shares during the period. Institutional investors own 27.83% of the company’s stock.

Aurinia Pharmaceuticals Company Profile

Aurinia Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company operating in the field of nephrology and autoimmunity. The Company’s primary business is the development of a therapeutic drug to treat autoimmune diseases, in particular lupus nephritis (LN). It is focused on the development of its lead compound voclosporin, a therapeutic immunomodulating drug candidate, which is a second-generation calcineurin inhibitors (CNI) to treat patients afflicted with LN.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for Aurinia Pharmaceuticals (NASDAQ:AUPH)

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