Radius Health, Inc. (RDUS) Issues Quarterly Earnings Results
Radius Health, Inc. (NASDAQ:RDUS) released its earnings results on Thursday. The biopharmaceutical company reported ($1.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.28) by ($0.03), Briefing.com reports. The business had revenue of $13.50 million during the quarter, compared to the consensus estimate of $6.90 million. During the same quarter last year, the firm earned ($1.07) EPS.
RDUS has been the topic of several recent analyst reports. Zacks Investment Research cut Radius Health from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Cantor Fitzgerald set a $65.00 target price on Radius Health and gave the stock a “buy” rating in a research report on Monday, July 17th. Canaccord Genuity set a $85.00 target price on Radius Health and gave the stock a “buy” rating in a research report on Monday, July 31st. BidaskClub cut Radius Health from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Maxim Group reiterated a “positive” rating on shares of Radius Health in a research report on Friday, September 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $52.17.
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In related news, major shareholder Growth N. V. Biotech acquired 60,000 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were acquired at an average price of $35.98 per share, for a total transaction of $2,158,800.00. Following the completion of the purchase, the insider now directly owns 5,248,799 shares of the company’s stock, valued at $188,851,788.02. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Growth N. V. Biotech acquired 50,000 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were bought at an average price of $32.85 per share, for a total transaction of $1,642,500.00. Following the purchase, the insider now directly owns 5,548,799 shares of the company’s stock, valued at $182,278,047.15. The disclosure for this purchase can be found here. Insiders have purchased 519,100 shares of company stock worth $17,970,882 in the last quarter. Company insiders own 15.00% of the company’s stock.
About Radius Health
Radius Health, Inc is a biopharmaceutical company. The Company is focused on the developing therapeutics in the areas of osteoporosis, oncology and endocrine diseases. The Company’s lead investigational product candidate, TYMLOS (abaloparatide-SC) injection is developed for the treatment of postmenopausal women with osteoporosis at high risk for fracture.
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