Audentes Therapeutics, Inc. (BOLD) Expected to Post Earnings of -$0.82 Per Share
Brokerages forecast that Audentes Therapeutics, Inc. (NASDAQ:BOLD) will announce earnings per share of ($0.82) for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Audentes Therapeutics’ earnings. The highest EPS estimate is ($0.80) and the lowest is ($0.83). Audentes Therapeutics reported earnings per share of ($0.94) in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.8%. The company is scheduled to report its next earnings report on Thursday, November 9th.
On average, analysts expect that Audentes Therapeutics will report full-year earnings of ($3.55) per share for the current fiscal year, with EPS estimates ranging from ($4.12) to ($3.21). For the next fiscal year, analysts forecast that the company will report earnings of ($3.81) per share, with EPS estimates ranging from ($5.98) to ($2.88). Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Audentes Therapeutics.
Audentes Therapeutics (NASDAQ:BOLD) last posted its earnings results on Thursday, August 10th. The biotechnology company reported ($0.87) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.77) by ($0.10).
Several research firms have recently issued reports on BOLD. Zacks Investment Research cut shares of Audentes Therapeutics from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Evercore ISI began coverage on shares of Audentes Therapeutics in a research report on Wednesday, August 16th. They set an “outperform” rating and a $23.00 price objective on the stock. ValuEngine upgraded shares of Audentes Therapeutics from a “sell” rating to a “hold” rating in a research report on Thursday, July 20th. Raymond James Financial, Inc. began coverage on shares of Audentes Therapeutics in a research report on Thursday. They set a “market perform” rating on the stock. Finally, Bank of America Corporation reiterated a “buy” rating and set a $33.00 price objective (up previously from $23.00) on shares of Audentes Therapeutics in a research report on Friday, September 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.17.
In related news, major shareholder Orbimed Advisors Llc sold 672,000 shares of the firm’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $28.25, for a total value of $18,984,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP David Nagler sold 3,750 shares of the firm’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $30.00, for a total transaction of $112,500.00. Following the completion of the transaction, the senior vice president now directly owns 3,750 shares of the company’s stock, valued at $112,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 766,500 shares of company stock valued at $21,443,730. 47.30% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the stock. Wells Fargo & Company MN grew its holdings in shares of Audentes Therapeutics by 278.5% in the first quarter. Wells Fargo & Company MN now owns 7,747 shares of the biotechnology company’s stock valued at $132,000 after purchasing an additional 5,700 shares in the last quarter. Nationwide Fund Advisors grew its holdings in shares of Audentes Therapeutics by 288.9% in the second quarter. Nationwide Fund Advisors now owns 8,594 shares of the biotechnology company’s stock valued at $164,000 after purchasing an additional 6,384 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Audentes Therapeutics in the first quarter valued at $184,000. State of Wisconsin Investment Board purchased a new position in shares of Audentes Therapeutics in the second quarter valued at $210,000. Finally, Rhumbline Advisers purchased a new position in shares of Audentes Therapeutics in the second quarter valued at $252,000. 77.09% of the stock is owned by hedge funds and other institutional investors.
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Audentes Therapeutics Company Profile
Audentes Therapeutics, Inc is an early-stage biotechnology company. The Company is focused on developing and commercializing gene therapy products for patients suffering from serious, life-threatening rare diseases caused by single gene defects. The Company has a portfolio of product candidates, including AT132 for the treatment of X-Linked Myotubular Myopathy (XLMTM); AT342 for the treatment of Crigler-Najjar Syndrome (Crigler-Najjar); AT982 for the treatment of Pompe disease, and AT307 for the treatment of the CASQ2 subtype of Catecholaminergic Polymorphic Ventricular Tachycardia (CASQ2-CPVT).
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