Chardan Capital Increases Esperion Therapeutics (ESPR) Price Target to $75.00
Esperion Therapeutics (NASDAQ:ESPR) had its price target increased by stock analysts at Chardan Capital from $20.00 to $75.00 in a note issued to investors on Wednesday. The firm presently has a “neutral” rating on the biopharmaceutical company’s stock. Chardan Capital’s price target would indicate a potential upside of 41.14% from the stock’s previous close.
A number of other research firms have also commented on ESPR. Northland Securities started coverage on shares of Esperion Therapeutics in a research report on Tuesday, August 29th. They issued an “outperform” rating and a $72.00 price objective for the company. Jefferies Group restated a “buy” rating and issued a $85.00 price objective on shares of Esperion Therapeutics in a research report on Monday, August 21st. Zacks Investment Research upgraded shares of Esperion Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Cowen initiated coverage on shares of Esperion Therapeutics in a research report on Thursday, September 7th. They issued an “outperform” rating and a $64.00 price objective for the company. Finally, Needham & Company LLC raised their target price on shares of Esperion Therapeutics from $58.00 to $72.00 and gave the company a “positive” rating in a research note on Tuesday, August 8th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $60.15.
Esperion Therapeutics (ESPR) traded down $5.51 during mid-day trading on Wednesday, hitting $53.14. 1,581,675 shares of the stock were exchanged, compared to its average volume of 1,025,290. Esperion Therapeutics has a one year low of $10.71 and a one year high of $65.20.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in Esperion Therapeutics by 69,371.4% in the second quarter. Tower Research Capital LLC TRC now owns 4,863 shares of the biopharmaceutical company’s stock valued at $225,000 after purchasing an additional 4,856 shares in the last quarter. Aperio Group LLC purchased a new stake in Esperion Therapeutics in the second quarter valued at approximately $249,000. SG Americas Securities LLC raised its stake in Esperion Therapeutics by 74.5% in the second quarter. SG Americas Securities LLC now owns 7,008 shares of the biopharmaceutical company’s stock valued at $324,000 after purchasing an additional 2,991 shares in the last quarter. Voya Investment Management LLC raised its stake in shares of Esperion Therapeutics by 12.7% during the second quarter. Voya Investment Management LLC now owns 7,148 shares of the biopharmaceutical company’s stock worth $331,000 after acquiring an additional 806 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY purchased a new position in shares of Esperion Therapeutics during the first quarter worth approximately $385,000. 92.27% of the stock is currently owned by institutional investors and hedge funds.
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Esperion Therapeutics Company Profile
Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.
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