BidaskClub Downgrades Radius Health (RDUS) to Strong Sell
Radius Health (NASDAQ:RDUS) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research note issued to investors on Thursday.
A number of other research firms have also recently commented on RDUS. Cantor Fitzgerald reiterated a “buy” rating and set a $58.00 target price on shares of Radius Health in a research note on Friday, November 3rd. Zacks Investment Research cut Radius Health from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Jefferies Group reiterated a “hold” rating and set a $38.00 target price (up from $34.00) on shares of Radius Health in a research note on Wednesday, August 9th. Citigroup initiated coverage on Radius Health in a research note on Wednesday. They set a “neutral” rating and a $30.00 target price on the stock. Finally, Goldman Sachs Group reiterated a “neutral” rating and set a $45.00 target price on shares of Radius Health in a research note on Friday, October 6th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Radius Health has a consensus rating of “Hold” and a consensus target price of $48.00.
Radius Health (NASDAQ:RDUS) traded up $4.19 on Thursday, reaching $31.60. 3,177,683 shares of the company’s stock were exchanged, compared to its average volume of 968,720. The company has a current ratio of 12.87, a quick ratio of 12.79 and a debt-to-equity ratio of 0.53. Radius Health has a 1 year low of $24.66 and a 1 year high of $49.39.
In other news, major shareholder Growth N. V. Biotech acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, November 14th. The shares were acquired at an average cost of $26.25 per share, for a total transaction of $1,312,500.00. Following the purchase, the insider now owns 5,698,799 shares of the company’s stock, valued at approximately $149,593,473.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Brent Hatzis-Schoch acquired 1,778 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was purchased at an average price of $28.09 per share, for a total transaction of $49,944.02. Following the completion of the purchase, the vice president now directly owns 2,278 shares in the company, valued at approximately $63,989.02. The disclosure for this purchase can be found here. Insiders have bought a total of 367,678 shares of company stock worth $11,746,498 over the last quarter. Company insiders own 15.00% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. State of Wisconsin Investment Board bought a new stake in Radius Health in the 2nd quarter valued at about $1,176,000. Candriam Luxembourg S.C.A. raised its stake in Radius Health by 23.5% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 142,000 shares of the biopharmaceutical company’s stock valued at $5,474,000 after acquiring an additional 27,000 shares during the period. Vanguard Group Inc. raised its stake in Radius Health by 4.5% in the 2nd quarter. Vanguard Group Inc. now owns 3,145,717 shares of the biopharmaceutical company’s stock valued at $142,281,000 after acquiring an additional 135,071 shares during the period. State Street Corp raised its stake in Radius Health by 12.9% in the 2nd quarter. State Street Corp now owns 1,867,531 shares of the biopharmaceutical company’s stock valued at $84,473,000 after acquiring an additional 213,399 shares during the period. Finally, BlackRock Inc. raised its stake in Radius Health by 10.0% in the 2nd quarter. BlackRock Inc. now owns 2,893,641 shares of the biopharmaceutical company’s stock valued at $130,881,000 after acquiring an additional 262,896 shares during the period.
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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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