Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE – Get a rating) EVP Erik Harris sold 295 shares in a trade that took place on Sunday, June 19. The stock was sold at an average price of $54.78, for a total value of $16,160.10. Following the transaction, the executive vice president now owns 36,160 shares of the company, valued at approximately $1,980,844.80. The sale was disclosed in a filing with the Securities & Exchange Commission, available at this link.
Ultragenyx Pharmaceutical stock traded down $0.55 during Wednesday’s trading, hitting $56.12. 390,940 shares of the company were traded, against an average volume of 492,969. Ultragenyx Pharmaceutical Inc. has a 52-week low of $45.20 and a 52-week high of $104.38. The company has a market capitalization of $3.92 billion, a P/E ratio of -8.17 and a beta of 1.61. The stock’s 50-day simple moving average is $58.86 and its two-hundred-day simple moving average is $68.30.
Ultragenyx Pharmaceutical (NASDAQ: RARE – Get a rating) last reported quarterly earnings data on Thursday, May 5. The biopharmaceutical company reported ($2.19) EPS for the quarter, missing analyst consensus estimates of ($1.76) by ($0.43). The company posted revenue of $79.94 million for the quarter, compared to analysts’ expectations of $84.25 million. Ultragenyx Pharmaceutical posted a negative return on equity of 49.18% and a negative net margin of 141.65%. The company’s quarterly revenue fell 19.6% from the same quarter last year. During the same quarter of the previous year, the company posted an EPS of ($2.03). Equity research analysts expect Ultranyx Pharmaceutical Inc. to post -7.15 earnings per share for the current year.
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A number of equity analysts have published reports on RARE stocks. Credit Suisse Group upgraded Ultragenyx Pharmaceutical from a “neutral” rating to an “outperforming” rating and raised its price target for the stock from $99.00 to $105.00 in a Wednesday 16 research report. march. Cowen lowered his price target on Ultragenyx Pharmaceutical from $124.00 to $99.00 in a Friday, May 6 research report. Piper Sandler lowered her price target on Ultragenyx Pharmaceutical from $170.00 to $135.00 and set an “overweight” rating on the stock in a Wednesday, May 18 research report. Cowen reduced his target price on Ultragenyx Pharmaceutical from $124.00 to $99.00 in a Friday, May 6 research report. To finish, StockNews.com downgraded Ultragenyx Pharmaceutical from a “hold” rating to a “sell” rating in a research report on Tuesday. Two investment analysts gave the stock a sell rating, three gave the company a hold rating and eight gave the company a buy rating. According to data from MarketBeat, Ultragenyx Pharmaceutical currently has an average rating of “Hold” and a consensus target price of $111.29.
A number of hedge funds have recently bought and sold shares of RARE. New Jersey State Joint Pension Fund D increased its stake in shares of Ultragenyx Pharmaceutical by 0.4% in the fourth quarter. New Jersey State Joint Pension Fund D now owns 42,284 shares of the biopharmaceutical company valued at $3,556,000 after buying 152 more shares last quarter. Arizona State Retirement System increased its stake in shares of Ultragenyx Pharmaceutical by 0.9% in the first quarter. Arizona State Retirement System now owns 17,504 shares of the biopharmaceutical company valued at $1,271,000 after buying 159 additional shares last quarter. CIBC Asset Management Inc. increased its stake in shares of Ultragenyx Pharmaceutical by 6.0% in the fourth quarter. CIBC Asset Management Inc. now owns 2,908 shares of the biopharmaceutical company valued at $245,000 after purchasing an additional 164 shares last quarter. Wetherby Asset Management Inc. increased its stake in shares of Ultragenyx Pharmaceutical by 4.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 4,956 shares of the biopharmaceutical company valued at $417,000 after buying 204 more shares last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Ultragenyx Pharmaceutical by 6.1% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 3,892 shares of the biopharmaceutical company valued at $283,000 after buying an additional 225 shares last quarter. 97.49% of the shares are held by institutional investors.
Ultragenyx Pharmaceutical Company Profile (Get a rating)
Ultragenyx Pharmaceutical Inc, a biopharmaceutical company, is focused on the identification, acquisition, development and commercialization of novel products for the treatment of rare and ultra-rare genetic diseases in North America, Europe and internationally . Its biologics include Crysvita (burosumab), an antibody targeting fibroblast growth factor 23 for the treatment of X-linked hypophosphatemia, as well as tumor-induced osteomalacia; Mepsevii, an enzyme replacement therapy for the treatment of children and adults with mucopolysaccharidosis VII; Dojolvi for the treatment of long chain fatty acid oxidation disorders; and Evkeeza (evinacumab) for the treatment of homozygous familial hypercholesterolemia.
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