Agios Pharmaceuticals (NASDAQ:AGIO) was downgraded by research analysts at UBS Group from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, The Fly reports.
Several other research analysts have also issued reports on AGIO. ValuEngine raised Agios Pharmaceuticals from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Royal Bank of Canada increased their target price on Agios Pharmaceuticals to $91.00 and gave the stock an “outperform” rating in a research report on Thursday, January 18th. They noted that the move was a valuation call. BidaskClub raised Agios Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, January 16th. Zacks Investment Research raised Agios Pharmaceuticals from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Tuesday, January 16th. Finally, Oppenheimer set a $83.00 target price on Agios Pharmaceuticals and gave the stock a “buy” rating in a research report on Monday, January 1st. Three analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $77.64.
Agios Pharmaceuticals (AGIO) traded down $0.40 during midday trading on Wednesday, reaching $76.53. The company’s stock had a trading volume of 531,500 shares, compared to its average volume of 848,348. Agios Pharmaceuticals has a 1-year low of $45.11 and a 1-year high of $82.96. The stock has a market cap of $4,285.58, a PE ratio of -12.21 and a beta of 2.12.
In related news, insider Scott Biller sold 2,146 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $60.79, for a total transaction of $130,455.34. Following the completion of the transaction, the insider now owns 8,410 shares of the company’s stock, valued at approximately $511,243.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Corp /De/ Celgene acquired 851,154 shares of Agios Pharmaceuticals stock in a transaction that occurred on Tuesday, January 23rd. The shares were bought at an average cost of $67.00 per share, with a total value of $57,027,318.00. Following the transaction, the insider now owns 1,374,599 shares in the company, valued at $92,098,133. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 183,114 shares of company stock valued at $13,866,025. 5.43% of the stock is owned by corporate insiders.
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in Agios Pharmaceuticals by 23.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,214,770 shares of the biopharmaceutical company’s stock valued at $165,401,000 after purchasing an additional 617,379 shares during the last quarter. Capital International Investors boosted its stake in Agios Pharmaceuticals by 0.3% during the 3rd quarter. Capital International Investors now owns 3,138,131 shares of the biopharmaceutical company’s stock valued at $209,470,000 after purchasing an additional 8,294 shares during the last quarter. State Street Corp boosted its stake in Agios Pharmaceuticals by 8.1% during the 2nd quarter. State Street Corp now owns 1,302,966 shares of the biopharmaceutical company’s stock valued at $67,036,000 after purchasing an additional 97,220 shares during the last quarter. First Trust Advisors LP boosted its stake in Agios Pharmaceuticals by 26.3% during the 4th quarter. First Trust Advisors LP now owns 813,647 shares of the biopharmaceutical company’s stock valued at $46,516,000 after purchasing an additional 169,331 shares during the last quarter. Finally, Alkeon Capital Management LLC purchased a new stake in Agios Pharmaceuticals during the 3rd quarter valued at $30,489,000. 82.74% of the stock is owned by institutional investors.
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About Agios Pharmaceuticals
Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.
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