Neurocrine Biosciences, Inc. (NBIX) Given Average Rating of “Buy” by Analysts

Shares of Neurocrine Biosciences, Inc. (NASDAQ:NBIX) have been given an average recommendation of “Buy” by the eighteen analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $82.31.

A number of equities analysts have recently commented on the stock. BidaskClub upgraded shares of Neurocrine Biosciences from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 31st. Needham & Company LLC lifted their price target on shares of Neurocrine Biosciences to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 16th. Oppenheimer set a $95.00 target price on shares of Neurocrine Biosciences and gave the stock a “buy” rating in a research note on Monday, January 15th. Jefferies Group lifted their target price on shares of Neurocrine Biosciences to $105.00 and gave the stock a “buy” rating in a research note on Friday, January 5th. Finally, Robert W. Baird reissued a “buy” rating and set a $84.00 target price on shares of Neurocrine Biosciences in a research note on Friday, November 3rd.

In other Neurocrine Biosciences news, insider Darin Lippoldt sold 6,279 shares of Neurocrine Biosciences stock in a transaction on Monday, December 4th. The shares were sold at an average price of $75.04, for a total value of $471,176.16. Following the completion of the sale, the insider now directly owns 19,436 shares of the company’s stock, valued at $1,458,477.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Gary A. Lyons sold 10,000 shares of Neurocrine Biosciences stock in a transaction on Friday, December 1st. The shares were sold at an average price of $72.92, for a total transaction of $729,200.00. Following the completion of the sale, the director now directly owns 272,066 shares of the company’s stock, valued at $19,839,052.72. The disclosure for this sale can be found here. Insiders have sold 189,707 shares of company stock valued at $14,975,715 in the last three months. 4.80% of the stock is owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the business. Crow Point Partners LLC bought a new stake in Neurocrine Biosciences in the fourth quarter valued at $145,000. M&T Bank Corp bought a new stake in Neurocrine Biosciences in the fourth quarter valued at $202,000. The Manufacturers Life Insurance Company increased its stake in Neurocrine Biosciences by 7.8% in the second quarter. The Manufacturers Life Insurance Company now owns 2,665 shares of the company’s stock valued at $123,000 after purchasing an additional 193 shares in the last quarter. CIBC Asset Management Inc bought a new stake in Neurocrine Biosciences in the fourth quarter valued at $230,000. Finally, Sigma Planning Corp bought a new stake in Neurocrine Biosciences in the fourth quarter valued at $241,000.

Neurocrine Biosciences (NASDAQ NBIX) opened at $78.57 on Friday. The company has a market cap of $6,950.00, a price-to-earnings ratio of -35.39, a PEG ratio of 13.67 and a beta of 0.26. The company has a debt-to-equity ratio of 1.05, a quick ratio of 14.37 and a current ratio of 14.38. Neurocrine Biosciences has a fifty-two week low of $39.21 and a fifty-two week high of $91.82.

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Neurocrine Biosciences Company Profile

Neurocrine Biosciences, Inc is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson’s disease.

Analyst Recommendations for Neurocrine Biosciences (NASDAQ:NBIX)

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