Agios Pharmaceuticals Inc (NASDAQ:AGIO) shares hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $51.37 and last traded at $56.03, with a volume of 32349 shares changing hands. The stock had previously closed at $54.05.
A number of research analysts have issued reports on AGIO shares. Cann reaffirmed a “hold” rating on shares of Agios Pharmaceuticals in a report on Wednesday, September 5th. Leerink Swann started coverage on shares of Agios Pharmaceuticals in a report on Monday, September 24th. They issued a “market perform” rating and a $80.00 target price for the company. ValuEngine cut shares of Agios Pharmaceuticals from a “strong-buy” rating to a “buy” rating in a report on Tuesday, September 11th. BidaskClub cut shares of Agios Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, Guggenheim started coverage on shares of Agios Pharmaceuticals in a report on Monday, September 17th. They issued a “neutral” rating for the company. Six analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $96.27.
The stock has a market cap of $3.27 billion, a P/E ratio of -7.88 and a beta of 2.18.
Agios Pharmaceuticals (NASDAQ:AGIO) last released its quarterly earnings results on Thursday, November 1st. The biopharmaceutical company reported ($1.63) EPS for the quarter, missing the consensus estimate of ($1.62) by ($0.01). The business had revenue of $15.20 million during the quarter, compared to analyst estimates of $22.72 million. Agios Pharmaceuticals had a negative net margin of 461.78% and a negative return on equity of 48.51%. The firm’s revenue for the quarter was up 33.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($1.59) earnings per share. Analysts expect that Agios Pharmaceuticals Inc will post -6.12 earnings per share for the current fiscal year.
In related news, insider Scott Biller sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $69.79, for a total transaction of $209,370.00. Following the sale, the insider now owns 53,932 shares in the company, valued at $3,763,914.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John Maraganore sold 13,555 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $72.75, for a total transaction of $986,126.25. Following the sale, the director now owns 38,609 shares in the company, valued at approximately $2,808,804.75. The disclosure for this sale can be found here. Insiders sold 19,555 shares of company stock worth $1,404,566 over the last quarter. Company insiders own 3.02% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in AGIO. Principal Financial Group Inc. boosted its position in Agios Pharmaceuticals by 11.5% during the first quarter. Principal Financial Group Inc. now owns 14,895 shares of the biopharmaceutical company’s stock worth $1,218,000 after acquiring an additional 1,533 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Agios Pharmaceuticals by 459.8% in the 2nd quarter. Wells Fargo & Company MN now owns 407,393 shares of the biopharmaceutical company’s stock valued at $34,315,000 after purchasing an additional 334,617 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Agios Pharmaceuticals by 1.7% in the 2nd quarter. Jennison Associates LLC now owns 193,935 shares of the biopharmaceutical company’s stock valued at $16,335,000 after purchasing an additional 3,183 shares during the last quarter. Alps Advisors Inc. boosted its holdings in shares of Agios Pharmaceuticals by 11.5% in the 2nd quarter. Alps Advisors Inc. now owns 83,297 shares of the biopharmaceutical company’s stock valued at $7,016,000 after purchasing an additional 8,580 shares during the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Agios Pharmaceuticals by 255.6% in the 2nd quarter. Sei Investments Co. now owns 9,099 shares of the biopharmaceutical company’s stock valued at $767,000 after purchasing an additional 6,540 shares during the last quarter. Hedge funds and other institutional investors own 95.33% of the company’s stock.
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Agios Pharmaceuticals Company Profile (NASDAQ:AGIO)
Agios Pharmaceuticals, Inc, a biopharmaceutical company, engages in the discovery and development of medicines for the treatment of cancer and rare genetic metabolic disorders in the United States. It is developing IDHIFA, a potent inhibitor of the mutated isocitrate dehydrogenase (IDH) 2 protein that is in Phase I/II clinical trials for patients with advanced hematologic malignancies with an IDH 2 mutation; Phase III clinical trial for patients with IDH2 mutant-positive acute myeloid leukemia (AML); Phase Ib frontline combination trial for patients with newly diagnosed AML with an IDH2 or IDH1 mutation; and Phase I/II frontline combination trial for patients with newly diagnosed AML.
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