Radius Health, Inc. (RDUS) Given Consensus Recommendation of “Hold” by Analysts
Shares of Radius Health, Inc. (NASDAQ:RDUS) have earned a consensus recommendation of “Hold” from the ten analysts that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $53.60.
A number of research firms have weighed in on RDUS. Canaccord Genuity set a $85.00 price target on shares of Radius Health and gave the stock a “buy” rating in a research note on Monday, July 17th. ValuEngine raised shares of Radius Health from a “sell” rating to a “hold” rating in a research report on Thursday, June 22nd. Cantor Fitzgerald set a $58.00 price objective on shares of Radius Health and gave the stock a “buy” rating in a research report on Sunday, July 23rd. BidaskClub lowered shares of Radius Health from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $38.00 price objective (up previously from $34.00) on shares of Radius Health in a research report on Wednesday, August 9th.
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Radius Health (NASDAQ:RDUS) traded up 1.67% during mid-day trading on Friday, reaching $33.54. 2,925,848 shares of the company traded hands. Radius Health has a 52-week low of $31.58 and a 52-week high of $59.22. The stock’s market capitalization is $1.46 billion. The stock has a 50-day moving average of $37.32 and a 200 day moving average of $39.12.
Radius Health (NASDAQ:RDUS) last posted its quarterly earnings results on Thursday, August 3rd. The biopharmaceutical company reported ($1.58) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.35) by ($0.23). The business had revenue of $0.98 million for the quarter, compared to the consensus estimate of $1.96 million. During the same quarter in the prior year, the company posted ($1.01) earnings per share. Equities research analysts expect that Radius Health will post ($5.58) earnings per share for the current year.
In other Radius Health news, major shareholder Growth N. V. Biotech acquired 150,000 shares of the company’s stock in a transaction dated Thursday, August 10th. The stock was bought at an average price of $34.97 per share, with a total value of $5,245,500.00. Following the completion of the transaction, the insider now directly owns 5,113,799 shares of the company’s stock, valued at $178,829,551.03. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Growth N. V. Biotech acquired 50,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was acquired at an average cost of $36.75 per share, with a total value of $1,837,500.00. Following the transaction, the insider now directly owns 5,298,799 shares of the company’s stock, valued at $194,730,863.25. The disclosure for this purchase can be found here. Insiders bought 469,100 shares of company stock valued at $16,328,382 in the last three months. Company insiders own 15.00% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in RDUS. BlackRock Inc. grew its holdings in Radius Health by 98,245.6% during the 1st quarter. BlackRock Inc. now owns 2,630,745 shares of the biopharmaceutical company’s stock valued at $101,679,000 after purchasing an additional 2,628,070 shares in the last quarter. Farallon Capital Management LLC grew its holdings in Radius Health by 18.3% during the 2nd quarter. Farallon Capital Management LLC now owns 3,686,300 shares of the biopharmaceutical company’s stock valued at $166,731,000 after purchasing an additional 569,300 shares in the last quarter. TimesSquare Capital Management LLC acquired a new stake in Radius Health during the 2nd quarter valued at $25,589,000. BB Biotech AG grew its holdings in Radius Health by 11.0% during the 2nd quarter. BB Biotech AG now owns 5,038,799 shares of the biopharmaceutical company’s stock valued at $227,905,000 after purchasing an additional 498,400 shares in the last quarter. Finally, RA Capital Management LLC acquired a new stake in Radius Health during the 2nd quarter valued at $22,486,000.
About Radius Health
Radius Health, Inc is a biopharmaceutical company. The Company is focused on the developing therapeutics in the areas of osteoporosis, oncology and endocrine diseases. The Company’s lead investigational product candidate, TYMLOS (abaloparatide-SC) injection is developed for the treatment of postmenopausal women with osteoporosis at high risk for fracture.
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