Audentes Therapeutics, Inc. (BOLD) Scheduled to Post Earnings on Wednesday
Audentes Therapeutics, Inc. (NASDAQ:BOLD) is scheduled to release its earnings data on Wednesday, November 8th. Analysts expect Audentes Therapeutics to post earnings of ($0.88) per share for the quarter.
Audentes Therapeutics (NASDAQ:BOLD) last announced its earnings results on Thursday, August 10th. The biotechnology company reported ($0.87) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.77) by ($0.10). On average, analysts expect Audentes Therapeutics to post $-3.53 EPS for the current fiscal year and $-3.7 EPS for the next fiscal year.
Audentes Therapeutics, Inc. (NASDAQ BOLD) opened at 26.59 on Wednesday. The stock’s market capitalization is $738.78 million. The company has a 50-day moving average of $26.48 and a 200 day moving average of $26.42. Audentes Therapeutics, Inc. has a 12 month low of $13.13 and a 12 month high of $33.43.
Several research firms recently weighed in on BOLD. Zacks Investment Research raised shares of Audentes Therapeutics from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. William Blair began coverage on shares of Audentes Therapeutics in a research note on Tuesday, October 17th. They set an “outperform” rating and a $35.00 target price for the company. ValuEngine cut shares of Audentes Therapeutics from a “hold” rating to a “sell” rating in a research note on Friday, October 13th. Raymond James Financial, Inc. began coverage on shares of Audentes Therapeutics in a research note on Thursday, October 12th. They set a “market perform” rating for the company. Finally, Bank of America Corporation reaffirmed a “buy” rating and set a $33.00 target price (up from $23.00) on shares of Audentes Therapeutics in a research note on Friday, September 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $25.71.
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In other Audentes Therapeutics news, CEO Matthew R. Patterson sold 25,000 shares of Audentes Therapeutics stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $27.92, for a total value of $698,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Matthew R. Patterson sold 10,000 shares of Audentes Therapeutics stock in a transaction on Monday, September 18th. The stock was sold at an average price of $25.06, for a total transaction of $250,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,542 shares of the company’s stock, valued at $38,642.52. The disclosure for this sale can be found here. Insiders sold a total of 766,500 shares of company stock valued at $21,443,730 over the last three months. Corporate insiders own 47.30% of the company’s stock.
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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