Regeneron Pharmaceuticals, Inc. (REGN) Director Sells $712,500.00 in Stock
Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) Director Michael S. Brown sold 1,500 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $475.00, for a total transaction of $712,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Regeneron Pharmaceuticals, Inc. (NASDAQ REGN) traded up 1.61% during midday trading on Thursday, reaching $463.40. 1,421,624 shares of the company traded hands. The firm has a market capitalization of $49.14 billion, a PE ratio of 46.49 and a beta of 1.62. Regeneron Pharmaceuticals, Inc. has a 1-year low of $325.35 and a 1-year high of $543.55. The stock has a 50 day moving average price of $460.30 and a 200 day moving average price of $451.19.
Regeneron Pharmaceuticals (NASDAQ:REGN) last announced its quarterly earnings data on Thursday, August 3rd. The biopharmaceutical company reported $4.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.67 by $1.50. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.36 billion. Regeneron Pharmaceuticals had a return on equity of 25.58% and a net margin of 22.05%. The business’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.82 EPS. Analysts expect that Regeneron Pharmaceuticals, Inc. will post $14.93 earnings per share for the current fiscal year.
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A number of equities analysts recently issued reports on the stock. Leerink Swann reissued an “outperform” rating and issued a $573.00 price objective on shares of Regeneron Pharmaceuticals in a report on Thursday, June 22nd. Raymond James Financial, Inc. reissued an “outperform” rating and issued a $547.00 price objective (up previously from $475.00) on shares of Regeneron Pharmaceuticals in a report on Thursday, June 22nd. BMO Capital Markets reissued a “market perform” rating and issued a $484.00 price objective (up previously from $421.00) on shares of Regeneron Pharmaceuticals in a report on Friday, July 21st. Bank of America Corporation reissued a “buy” rating and issued a $593.00 price objective (up previously from $589.00) on shares of Regeneron Pharmaceuticals in a report on Friday, July 21st. Finally, Sanford C. Bernstein downgraded shares of Regeneron Pharmaceuticals from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $410.00 to $480.00 in a report on Monday, June 26th. They noted that the move was a valuation call. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $487.26.
Several institutional investors and hedge funds have recently made changes to their positions in REGN. Fieldpoint Private Securities LLC purchased a new position in shares of Regeneron Pharmaceuticals in the 2nd quarter valued at about $130,000. Sterling Investment Advisors Ltd. boosted its stake in shares of Regeneron Pharmaceuticals by 11.2% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 278 shares of the biopharmaceutical company’s stock valued at $137,000 after buying an additional 28 shares during the period. FNY Managed Accounts LLC purchased a new stake in Regeneron Pharmaceuticals during the first quarter worth approximately $140,000. FNY Partners Fund LP lifted its stake in Regeneron Pharmaceuticals by 200.0% during the second quarter. FNY Partners Fund LP now owns 300 shares of the biopharmaceutical company’s stock worth $147,000 after purchasing an additional 200 shares during the last quarter. Finally, Alpha Windward LLC lifted its stake in Regeneron Pharmaceuticals by 0.3% during the second quarter. Alpha Windward LLC now owns 384 shares of the biopharmaceutical company’s stock worth $189,000 after purchasing an additional 1 shares during the last quarter. Institutional investors and hedge funds own 67.95% of the company’s stock.
Regeneron Pharmaceuticals Company Profile
Regeneron Pharmaceuticals, Inc is a biopharmaceutical company that discovers, invents, develops, manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases, high low-density lipoprotein (LDL) cholesterol, and an inflammatory condition and have product candidates in development in other areas, including rheumatoid arthritis, asthma, atopic dermatitis, pain, cancer, and infectious diseases.
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