BidaskClub downgraded shares of Audentes Therapeutics (NASDAQ:BOLD) from a strong-buy rating to a buy rating in a report published on Thursday.
Other equities analysts have also recently issued research reports about the company. HC Wainwright set a $37.00 price target on Audentes Therapeutics and gave the stock a buy rating in a research note on Thursday, January 4th. BMO Capital Markets set a $44.00 target price on Audentes Therapeutics and gave the company a buy rating in a research note on Friday, January 5th. William Blair reaffirmed a buy rating on shares of Audentes Therapeutics in a research note on Friday, January 5th. Zacks Investment Research raised Audentes Therapeutics from a hold rating to a buy rating and set a $37.00 target price on the stock in a research note on Thursday, March 8th. Finally, Cowen reaffirmed a buy rating on shares of Audentes Therapeutics in a research note on Friday, March 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $35.56.
BOLD stock opened at $29.45 on Thursday. The firm has a market capitalization of $1,080.05, a PE ratio of -8.66 and a beta of 0.89. Audentes Therapeutics has a 12 month low of $13.90 and a 12 month high of $41.80.
Audentes Therapeutics (NASDAQ:BOLD) last issued its quarterly earnings results on Thursday, March 8th. The biotechnology company reported ($0.82) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.91) by $0.09. sell-side analysts anticipate that Audentes Therapeutics will post -3.43 earnings per share for the current year.
In related news, Director Louis G. Lange sold 18,000 shares of the business’s stock in a transaction that occurred on Friday, December 22nd. The stock was sold at an average price of $30.88, for a total value of $555,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Orbimed Advisors Llc sold 421,638 shares of the business’s stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $35.17, for a total value of $14,829,008.46. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,087,707 shares of company stock worth $38,055,301. Company insiders own 47.30% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new stake in shares of Audentes Therapeutics in the 3rd quarter valued at approximately $143,000. Nationwide Fund Advisors grew its stake in shares of Audentes Therapeutics by 288.9% in the 2nd quarter. Nationwide Fund Advisors now owns 8,594 shares of the biotechnology company’s stock valued at $164,000 after buying an additional 6,384 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Audentes Therapeutics in the 4th quarter valued at approximately $208,000. MetLife Investment Advisors LLC bought a new stake in shares of Audentes Therapeutics in the 4th quarter valued at approximately $248,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Audentes Therapeutics by 1,086.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,580 shares of the biotechnology company’s stock valued at $260,000 after buying an additional 12,435 shares in the last quarter. 67.35% of the stock is owned by institutional investors and hedge funds.
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Audentes Therapeutics Company Profile
Audentes Therapeutics, Inc is an early-stage biotechnology company. The Company is focused on developing and commercializing gene therapy products for patients suffering from serious, life-threatening rare diseases caused by single gene defects. The Company has a portfolio of product candidates, including AT132 for the treatment of X-Linked Myotubular Myopathy (XLMTM); AT342 for the treatment of Crigler-Najjar Syndrome (Crigler-Najjar); AT982 for the treatment of Pompe disease, and AT307 for the treatment of the CASQ2 subtype of Catecholaminergic Polymorphic Ventricular Tachycardia (CASQ2-CPVT).
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