Valeritas Holdings, Inc. (NASDAQ:VLRX) has been given a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1-year consensus target price of $13.50 for the company and are forecasting that the company will post ($1.84) earnings per share for the current quarter, according to Zacks. Zacks has also given Valeritas Holdings an industry rank of 112 out of 265 based on the ratings given to its competitors.

A number of research analysts recently issued reports on the stock. ValuEngine cut shares of Valeritas Holdings from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Wedbush assumed coverage on shares of Valeritas Holdings in a report on Monday, July 10th. They set an “outperform” rating and a $12.00 price objective for the company.

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Valeritas Holdings (NASDAQ:VLRX) last issued its quarterly earnings data on Friday, August 11th. The company reported ($1.83) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($1.87) by $0.04. The firm had revenue of $4.79 million for the quarter, compared to analyst estimates of $5.11 million.

An institutional investor recently bought a new position in Valeritas Holdings stock. HighTower Advisors LLC purchased a new stake in Valeritas Holdings, Inc. (NASDAQ:VLRX) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 27,400 shares of the company’s stock, valued at approximately $195,000. HighTower Advisors LLC owned 1.67% of Valeritas Holdings as of its most recent SEC filing. Hedge funds and other institutional investors own 6.01% of the company’s stock.

Valeritas Holdings Company Profile

Valeritas, Inc is a United States-based company, which is engaged in developing and commercializing treatment solutions that contribute to clinical outcomes for patients. The Company’s portfolio includes V-Go disposable insulin delivery device, which is distributed through retail pharmacy. Its V-Go delivers insulin at a continuous preset basal rate and bolus dosing for adults with Type 2 diabetes requiring insulin.

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