Agios Pharmaceuticals, Inc. (NASDAQ:AGIO) posted its earnings results on Wednesday. The biopharmaceutical company reported ($1.59) EPS for the quarter, topping analysts’ consensus estimates of ($1.78) by $0.19, Bloomberg Earnings reports. Agios Pharmaceuticals had a negative net margin of 502.12% and a negative return on equity of 68.15%. The business had revenue of $11.35 million during the quarter, compared to the consensus estimate of $10.85 million. During the same quarter in the previous year, the firm posted ($1.63) EPS. The firm’s revenue was up 26.4% on a year-over-year basis.

Agios Pharmaceuticals (NASDAQ:AGIO) traded down 2.295% on Wednesday, hitting $62.795. 414,380 shares of the company were exchanged. The company’s market capitalization is $3.04 billion. Agios Pharmaceuticals has a 52 week low of $39.24 and a 52 week high of $72.73. The firm’s 50 day moving average is $67.72 and its 200 day moving average is $57.76.

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In other news, CEO David P. Schenkein sold 80,000 shares of the stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $70.14, for a total value of $5,611,200.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David P. Schenkein sold 35,000 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $67.12, for a total transaction of $2,349,200.00. Following the completion of the sale, the chief executive officer now owns 35,000 shares in the company, valued at approximately $2,349,200. The disclosure for this sale can be found here. Insiders sold 170,762 shares of company stock worth $11,630,086 in the last quarter. Company insiders own 10.55% of the company’s stock.

A number of equities research analysts have commented on the stock. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $83.00 target price (up previously from $75.00) on shares of Agios Pharmaceuticals in a research report on Thursday, August 10th. J P Morgan Chase & Co reissued a “buy” rating and set a $76.00 price objective on shares of Agios Pharmaceuticals in a research report on Monday, September 18th. Royal Bank Of Canada initiated coverage on shares of Agios Pharmaceuticals in a research report on Thursday, September 14th. They set an “outperform” rating and a $78.00 price objective for the company. SunTrust Banks, Inc. reissued a “buy” rating and set a $80.00 price objective (up previously from $68.00) on shares of Agios Pharmaceuticals in a research report on Tuesday, August 8th. Finally, Leerink Swann raised shares of Agios Pharmaceuticals from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $50.00 to $80.00 in a research report on Wednesday, August 2nd. Three analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $75.20.

About Agios Pharmaceuticals

Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.

Earnings History for Agios Pharmaceuticals (NASDAQ:AGIO)

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