Cowen and Company Initiates Coverage on Esperion Therapeutics, Inc. (ESPR)
Research analysts at Cowen and Company started coverage on shares of Esperion Therapeutics, Inc. (NASDAQ:ESPR) in a note issued to investors on Thursday. The brokerage set an “outperform” rating and a $64.00 price target on the biopharmaceutical company’s stock. Cowen and Company’s price target would suggest a potential upside of 27.01% from the company’s previous close.
Other analysts have also recently issued research reports about the stock. UBS AG reiterated a “buy” rating and issued a $57.00 price objective (up previously from $52.00) on shares of Esperion Therapeutics in a research note on Tuesday, June 27th. Jefferies Group LLC upgraded shares of Esperion Therapeutics from a “hold” rating to a “buy” rating and reduced their price objective for the company from $85.00 to $55.00 in a research note on Tuesday, August 8th. Stifel Nicolaus reiterated a “buy” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Esperion Therapeutics in a research note on Thursday, August 10th. Zacks Investment Research upgraded shares of Esperion Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Finally, Northland Securities assumed coverage on shares of Esperion Therapeutics in a research note on Tuesday, August 29th. They issued an “outperform” rating and a $72.00 price objective for the company. Seven analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $52.54.
Shares of Esperion Therapeutics (NASDAQ ESPR) opened at 50.39 on Thursday. The stock’s 50 day moving average is $47.73 and its 200-day moving average is $39.46. Esperion Therapeutics has a 1-year low of $9.40 and a 1-year high of $57.38. The stock’s market cap is $1.14 billion.
Esperion Therapeutics (NASDAQ:ESPR) last released its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($1.92) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.67) by $0.25. During the same period in the prior year, the business posted ($0.62) EPS. On average, analysts predict that Esperion Therapeutics will post ($7.29) EPS for the current fiscal year.
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Large investors have recently bought and sold shares of the business. Quantbot Technologies LP purchased a new position in Esperion Therapeutics during the 1st quarter valued at about $158,000. Tower Research Capital LLC TRC increased its holdings in Esperion Therapeutics by 69,371.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,863 shares of the biopharmaceutical company’s stock valued at $225,000 after acquiring an additional 4,856 shares in the last quarter. Aperio Group LLC purchased a new position in Esperion Therapeutics during the 2nd quarter valued at about $249,000. Princeton Alpha Management LP purchased a new position in Esperion Therapeutics during the 1st quarter valued at about $205,000. Finally, Bank of Montreal Can increased its holdings in Esperion Therapeutics by 1,006.7% during the 1st quarter. Bank of Montreal Can now owns 6,596 shares of the biopharmaceutical company’s stock valued at $233,000 after acquiring an additional 6,000 shares in the last quarter. Hedge funds and other institutional investors own 83.33% of the company’s stock.
Esperion Therapeutics Company Profile
Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.
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