Insys Therapeutics (INSY) Hits New 12-Month Low at $5.04

Insys Therapeutics Inc (NASDAQ:INSY) reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $5.04 and last traded at $5.12, with a volume of 35132 shares traded. The stock had previously closed at $5.32.

A number of equities research analysts recently issued reports on the company. ValuEngine upgraded Insys Therapeutics from a “hold” rating to a “buy” rating in a research report on Wednesday, August 15th. Zacks Investment Research downgraded Insys Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 15th. Piper Jaffray Companies set a $4.00 price objective on Insys Therapeutics and gave the stock a “sell” rating in a research report on Saturday, August 11th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $10.00 price objective on shares of Insys Therapeutics in a research report on Friday, August 10th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $7.67.

The stock has a market capitalization of $381.75 million, a PE ratio of -10.57 and a beta of 1.58.

Insys Therapeutics (NASDAQ:INSY) last issued its quarterly earnings data on Monday, November 5th. The specialty pharmaceutical company reported ($0.40) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.32) by ($0.08). Insys Therapeutics had a negative return on equity of 266.60% and a negative net margin of 128.88%. The business had revenue of $18.30 million during the quarter, compared to analysts’ expectations of $24.05 million. During the same quarter last year, the business posted ($2.30) EPS. The company’s quarterly revenue was down 40.4% on a year-over-year basis. Sell-side analysts expect that Insys Therapeutics Inc will post -1.32 earnings per share for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Insys Therapeutics in the third quarter valued at $113,000. Tower Research Capital LLC TRC bought a new position in Insys Therapeutics in the second quarter valued at $131,000. Creative Planning bought a new position in Insys Therapeutics in the third quarter valued at $153,000. MetLife Investment Advisors LLC bought a new position in Insys Therapeutics in the third quarter valued at $223,000. Finally, BNP Paribas Arbitrage SA increased its stake in Insys Therapeutics by 47.4% in the second quarter. BNP Paribas Arbitrage SA now owns 31,105 shares of the specialty pharmaceutical company’s stock valued at $225,000 after acquiring an additional 10,001 shares during the last quarter. 17.22% of the stock is currently owned by institutional investors and hedge funds.

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About Insys Therapeutics (NASDAQ:INSY)

Insys Therapeutics, Inc, a specialty pharmaceutical company, develops and commercializes supportive care products. The company markets SUBSYS, a sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant adult patients; and SYNDROS, an orally administered liquid formulation of dronabinol for the treatment of chemotherapy-induced nausea and vomiting, and anorexia associated with weight loss in patients with AIDS.

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