Jazz Pharmaceuticals plc (NASDAQ:JAZZ) CEO Sells $1,126,617.31 in Stock

Jazz Pharmaceuticals plc (NASDAQ:JAZZ – Get Rating) CEO Bruce C. Cozadd sold 7,301 shares of the firm’s stock in a transaction on Monday, August 1st. The stock was sold at an average price of $154.31, for a total value of $1,126,617.31. Following the sale, the chief executive officer now directly owns 354,311 shares in the company, valued at approximately $54,673,730.41. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Jazz Pharmaceuticals Trading Up 1.7 %

Shares of NASDAQ:JAZZ opened at $153.72 on Friday. Jazz Pharmaceuticals plc has a 52-week low of $117.64 and a 52-week high of $169.98. The company has a market capitalization of $9.60 billion, a P/E ratio of -180.84, a price-to-earnings-growth ratio of 1.26 and a beta of 0.69. The company has a 50-day simple moving average of $153.10 and a 200 day simple moving average of $151.63. The company has a debt-to-equity ratio of 1.66, a quick ratio of 2.06 and a current ratio of 3.39.

Jazz Pharmaceuticals (NASDAQ:JAZZ – Get Rating) last issued its earnings results on Wednesday, May 4th. The specialty pharmaceutical company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.13. The business had revenue of $813.72 million during the quarter, compared to the consensus estimate of $853.73 million. Jazz Pharmaceuticals had a negative net margin of 1.49% and a positive return on equity of 24.44%. Jazz Pharmaceuticals’s revenue was up 33.9% on a year-over-year basis. During the same period last year, the business posted $3.42 EPS. Sell-side analysts forecast that Jazz Pharmaceuticals plc will post 14.74 earnings per share for the current year.

Institutional Investors Weigh In On Jazz Pharmaceuticals

Several hedge funds have recently bought and sold shares of JAZZ. National Bank of Canada FI acquired a new stake in Jazz Pharmaceuticals during the fourth quarter worth approximately $35,000. Bessemer Group Inc. lifted its position in Jazz Pharmaceuticals by 45.4% during the fourth quarter. Bessemer Group Inc. now owns 3,033 shares of the specialty pharmaceutical company’s stock worth $386,000 after acquiring an additional 947 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Jazz Pharmaceuticals during the fourth quarter worth approximately $2,109,000. Yousif Capital Management LLC acquired a new stake in Jazz Pharmaceuticals during the fourth quarter worth approximately $4,362,000. Finally, CWM LLC acquired a new stake in shares of Jazz Pharmaceuticals in the fourth quarter valued at approximately $43,000. 93.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JAZZ has been the subject of a number of research reports. SVB Leerink increased their target price on Jazz Pharmaceuticals from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Thursday. Cowen raised their price objective on Jazz Pharmaceuticals from $200.00 to $225.00 in a report on Thursday, May 5th. BMO Capital Markets raised their price objective on Jazz Pharmaceuticals from $185.00 to $188.00 and gave the company an “outperform” rating in a report on Thursday. Morgan Stanley raised their price objective on Jazz Pharmaceuticals from $174.00 to $187.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Cowen raised their price objective on Jazz Pharmaceuticals from $200.00 to $225.00 in a report on Thursday, May 5th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, Jazz Pharmaceuticals presently has an average rating of “Moderate Buy” and an average price target of $203.69.

About Jazz Pharmaceuticals

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Jazz Pharmaceuticals plc, a biopharmaceutical company, identifies, develops, and commercializes pharmaceutical products for various unmet medical needs in the United States, Europe, and internationally. The company has a portfolio of products and product candidates with a focus in the areas of neuroscience, including sleep medicine and movement disorders; and in oncology, including hematologic and solid tumors.