Akebia Therapeutics, Inc. (NASDAQ:AKBA) Director Duane Nash sold 1,188 shares of Akebia Therapeutics stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $19.64, for a total value of $23,332.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Akebia Therapeutics, Inc. (NASDAQ AKBA) traded down 0.52% during mid-day trading on Wednesday, reaching $19.23. The company had a trading volume of 297,370 shares. The stock’s market cap is $351.91 million. Akebia Therapeutics, Inc. has a 12 month low of $7.16 and a 12 month high of $20.25. The firm’s 50-day moving average price is $16.97 and its 200-day moving average price is $13.75.

Akebia Therapeutics (NASDAQ:AKBA) last released its earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.53) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.89) by $0.36. The firm had revenue of $28.52 million for the quarter, compared to the consensus estimate of $26.50 million. Equities research analysts forecast that Akebia Therapeutics, Inc. will post ($2.57) EPS for the current fiscal year.

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A number of brokerages have recently weighed in on AKBA. Mizuho began coverage on Akebia Therapeutics in a report on Wednesday. They set a “buy” rating on the stock. Zacks Investment Research upgraded Akebia Therapeutics from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a report on Monday, August 14th. HC Wainwright reiterated a “buy” rating and set a $24.00 price target on shares of Akebia Therapeutics in a report on Wednesday, August 9th. Aegis reiterated a “buy” rating on shares of Akebia Therapeutics in a report on Friday, June 30th. Finally, ValuEngine upgraded Akebia Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $21.71.

A number of hedge funds have recently added to or reduced their stakes in AKBA. RA Capital Management LLC bought a new position in Akebia Therapeutics during the 2nd quarter worth about $12,018,000. Farallon Capital Management LLC bought a new position in Akebia Therapeutics during the 2nd quarter worth about $10,490,000. Marshall Wace North America L.P. bought a new position in Akebia Therapeutics during the 1st quarter worth about $6,232,000. MARSHALL WACE ASIA Ltd bought a new position in Akebia Therapeutics during the 1st quarter worth about $6,232,000. Finally, Renaissance Technologies LLC increased its holdings in Akebia Therapeutics by 165.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,025,300 shares of the biopharmaceutical company’s stock worth $14,734,000 after purchasing an additional 639,033 shares in the last quarter. Hedge funds and other institutional investors own 57.62% of the company’s stock.

About Akebia Therapeutics

Akebia Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of therapeutics based on hypoxia-inducible factor (HIF) biology. The Company’s lead product candidate, vadadustat, is indicated for the treatment of anemia in chronic kidney disease (CKD).

Insider Buying and Selling by Quarter for Akebia Therapeutics (NASDAQ:AKBA)

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