Brokers Offer Predictions for Audentes Therapeutics, Inc.’s Q1 2018 Earnings (BOLD)
Audentes Therapeutics, Inc. (NASDAQ:BOLD) – Stock analysts at William Blair issued their Q1 2018 EPS estimates for shares of Audentes Therapeutics in a research report issued on Friday. William Blair analyst R. Prasad expects that the biotechnology company will post earnings of ($0.82) per share for the quarter. William Blair currently has a “Outperform” rating and a $35.00 price objective on the stock. William Blair also issued estimates for Audentes Therapeutics’ Q2 2018 earnings at ($0.85) EPS, Q3 2018 earnings at ($0.87) EPS and Q4 2018 earnings at ($0.90) EPS.
Several other equities analysts have also weighed in on the company. ValuEngine lowered Audentes Therapeutics from a “hold” rating to a “sell” rating in a report on Friday, October 13th. Raymond James Financial, Inc. began coverage on Audentes Therapeutics in a report on Thursday, October 12th. They set a “market perform” rating on the stock. Zacks Investment Research lowered Audentes Therapeutics from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. Bank of America Corporation restated a “buy” rating and set a $33.00 target price (up from $23.00) on shares of Audentes Therapeutics in a report on Friday, September 22nd. Finally, Evercore ISI began coverage on Audentes Therapeutics in a report on Wednesday, August 16th. They set an “outperform” rating and a $23.00 target price on the stock. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $25.71.
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Shares of Audentes Therapeutics (BOLD) opened at 24.98 on Monday. Audentes Therapeutics has a 52 week low of $13.13 and a 52 week high of $33.43. The firm’s market capitalization is $694.04 million. The firm’s 50-day moving average price is $26.58 and its 200 day moving average price is $26.58.
Audentes Therapeutics (NASDAQ:BOLD) last announced its quarterly earnings results on Thursday, August 10th. The biotechnology company reported ($0.87) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.77) by ($0.10).
In other news, VP Suyash Prasad sold 8,000 shares of Audentes Therapeutics stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $21.44, for a total value of $171,520.00. Following the transaction, the vice president now directly owns 8,000 shares in the company, valued at $171,520. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Matthew R. Patterson sold 25,000 shares of Audentes Therapeutics stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $27.92, for a total value of $698,000.00. The disclosure for this sale can be found here. Insiders sold 766,500 shares of company stock worth $21,443,730 over the last quarter. 47.30% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Sphera Funds Management LTD. bought a new position in shares of Audentes Therapeutics in the second quarter worth about $2,870,000. Wells Fargo & Company MN increased its stake 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 worth $132,000 after purchasing an additional 5,700 shares during the period. Rhumbline Advisers bought a new position in shares of Audentes Therapeutics in the second quarter worth about $252,000. Alliancebernstein L.P. increased its stake in shares of Audentes Therapeutics by 31.5% in the second quarter. Alliancebernstein L.P. now owns 640,654 shares of the biotechnology company’s stock worth $12,256,000 after purchasing an additional 153,617 shares during the period. Finally, Ardsley Advisory Partners increased its stake in shares of Audentes Therapeutics by 59.7% in the second quarter. Ardsley Advisory Partners now owns 20,072 shares of the biotechnology company’s stock worth $384,000 after purchasing an additional 7,500 shares during the period. Institutional investors and hedge funds own 77.09% of the company’s stock.
About Audentes Therapeutics
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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