Agile Therapeutics (AGRX) Shares Gap Up to $0.90

Agile Therapeutics Inc (NASDAQ:AGRX) shares gapped up before the market opened on Tuesday . The stock had previously closed at $0.80, but opened at $0.90. Agile Therapeutics shares last traded at $0.95, with a volume of 6016 shares trading hands.

A number of research analysts recently weighed in on AGRX shares. HC Wainwright restated a “buy” rating and set a $4.00 target price on shares of Agile Therapeutics in a research note on Friday, January 11th. Maxim Group started coverage on shares of Agile Therapeutics in a research note on Thursday, November 29th. They set a “buy” rating and a $3.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Agile Therapeutics presently has an average rating of “Buy” and a consensus target price of $3.33.

The company has a market cap of $31.12 million, a price-to-earnings ratio of -1.06 and a beta of 0.32.

Hedge funds have recently made changes to their positions in the business. BlackRock Inc. lifted its position in shares of Agile Therapeutics by 15.7% during the fourth quarter. BlackRock Inc. now owns 133,219 shares of the specialty pharmaceutical company’s stock worth $77,000 after acquiring an additional 18,038 shares in the last quarter. Acadian Asset Management LLC increased its stake in Agile Therapeutics by 260.7% in the fourth quarter. Acadian Asset Management LLC now owns 313,047 shares of the specialty pharmaceutical company’s stock valued at $180,000 after acquiring an additional 226,255 shares during the last quarter. Renaissance Technologies LLC increased its stake in Agile Therapeutics by 54.3% in the third quarter. Renaissance Technologies LLC now owns 1,223,897 shares of the specialty pharmaceutical company’s stock valued at $449,000 after acquiring an additional 430,907 shares during the last quarter. Finally, Fosun International Ltd bought a new position in Agile Therapeutics in the third quarter valued at $180,000. Institutional investors and hedge funds own 41.92% of the company’s stock.

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About Agile Therapeutics (NASDAQ:AGRX)

Agile Therapeutics, Inc, a women's healthcare company, focuses on the development and commercialization of prescription contraceptive products for women. Its lead product candidate is Twirla, also known as AG200-15, a once-weekly prescription combination hormonal contraceptive patch, which completed Phase III clinical trials.

Further Reading: What is a Derivative?

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