Amicus Therapeutics Sees Unusually Large Options Volume (FOLD)

Amicus Therapeutics, Inc. (NASDAQ:FOLD) saw unusually large options trading activity on Wednesday. Traders acquired 5,966 call options on the company. This is an increase of 1,576% compared to the typical daily volume of 356 call options.

In related news, SVP Daphne Quimi sold 7,000 shares of the stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $14.25, for a total value of $99,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO John F. Crowley sold 449,295 shares of the stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $14.33, for a total transaction of $6,438,397.35. Following the completion of the sale, the chief executive officer now directly owns 380,723 shares in the company, valued at $5,455,760.59. The disclosure for this sale can be found here. Insiders sold a total of 826,114 shares of company stock worth $11,791,184 over the last three months. 3.40% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of the company. Sage Capital Advisors llc purchased a new position in shares of Amicus Therapeutics during the third quarter worth approximately $154,000. GSA Capital Partners LLP purchased a new position in Amicus Therapeutics during the third quarter valued at approximately $309,000. Iguana Healthcare Management LLC purchased a new position in Amicus Therapeutics during the third quarter valued at approximately $905,000. Sterling Capital Management LLC purchased a new position in Amicus Therapeutics during the third quarter valued at approximately $218,000. Finally, Neuberger Berman Group LLC purchased a new position in Amicus Therapeutics during the third quarter valued at approximately $196,000.

Amicus Therapeutics (NASDAQ FOLD) opened at $14.91 on Friday. The company has a market cap of $2,480.00, a P/E ratio of -8.15 and a beta of 1.72. Amicus Therapeutics has a 1 year low of $5.07 and a 1 year high of $16.60. The company has a debt-to-equity ratio of 0.39, a quick ratio of 6.22 and a current ratio of 6.32.

Amicus Therapeutics (NASDAQ:FOLD) last issued its earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.41) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.10). The company had revenue of $10.90 million for the quarter, compared to analysts’ expectations of $9.02 million. Amicus Therapeutics had a negative return on equity of 63.54% and a negative net margin of 1,092.37%. The business’s revenue was up 419.0% compared to the same quarter last year. During the same period last year, the business posted ($0.33) earnings per share. research analysts anticipate that Amicus Therapeutics will post -1.56 EPS for the current year.

A number of analysts recently weighed in on the stock. BidaskClub raised shares of Amicus Therapeutics from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Zacks Investment Research lowered shares of Amicus Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $17.00 target price on shares of Amicus Therapeutics in a research report on Friday, October 6th. Chardan Capital reaffirmed a “buy” rating and set a $18.50 target price (up from $16.50) on shares of Amicus Therapeutics in a research report on Thursday, October 5th. Finally, Robert W. Baird reaffirmed an “outperform” rating and set a $18.00 target price (up from $16.00) on shares of Amicus Therapeutics in a research report on Wednesday, October 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $17.81.

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Amicus Therapeutics Company Profile

Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.

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