Agios Pharmaceuticals Inc. (AGIO) Research Coverage Started at Cann
Investment analysts at Cann assumed coverage on shares of Agios Pharmaceuticals Inc. (NASDAQ:AGIO) in a report issued on Monday. The brokerage set a “market perform” rating on the biopharmaceutical company’s stock.
A number of other research analysts have also recently issued reports on AGIO. Goldman Sachs Group Inc. reissued a “neutral” rating and set a $46.00 price objective on shares of Agios Pharmaceuticals in a report on Wednesday, August 10th. BTIG Research initiated coverage on Agios Pharmaceuticals in a report on Friday, August 19th. They set a “neutral” rating for the company. Canaccord Genuity reissued a “buy” rating and set a $90.00 price objective on shares of Agios Pharmaceuticals in a report on Thursday, September 8th. Zacks Investment Research cut Agios Pharmaceuticals from a “hold” rating to a “sell” rating in a report on Wednesday, October 5th. Finally, Needham & Company LLC initiated coverage on Agios Pharmaceuticals in a report on Monday, October 24th. They set a “buy” rating and a $60.00 price objective for the company. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $61.94.
Agios Pharmaceuticals (NASDAQ:AGIO) traded down 4.35% during trading on Monday, hitting $60.90. 379,545 shares of the stock traded hands. Agios Pharmaceuticals has a 52 week low of $33.50 and a 52 week high of $71.49. The firm’s 50-day moving average is $54.47 and its 200 day moving average is $48.35. The stock’s market cap is $2.56 billion.
Agios Pharmaceuticals (NASDAQ:AGIO) last issued its quarterly earnings data on Thursday, November 3rd. The biopharmaceutical company reported ($1.63) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.52) by $0.11. The company had revenue of $8.98 million for the quarter, compared to the consensus estimate of $7.82 million. Agios Pharmaceuticals had a negative net margin of 341.56% and a negative return on equity of 53.39%. The firm’s revenue was up 63.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.07) earnings per share. Equities research analysts forecast that Agios Pharmaceuticals will post ($5.15) earnings per share for the current fiscal year.
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In other news, insider Scott Biller sold 5,000 shares of the business’s stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $55.00, for a total transaction of $275,000.00. Following the completion of the transaction, the insider now directly owns 48,270 shares in the company, valued at approximately $2,654,850. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lewis Clayton Jr. Cantley sold 627 shares of the business’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $54.15, for a total value of $33,952.05. Following the transaction, the director now owns 109,659 shares of the company’s stock, valued at $5,938,034.85. The disclosure for this sale can be found here. 10.55% of the stock is owned by corporate insiders.
Several institutional investors have recently bought and sold shares of AGIO. Price T Rowe Associates Inc. MD raised its position in Agios Pharmaceuticals by 49.0% in the third quarter. Price T Rowe Associates Inc. MD now owns 1,239,924 shares of the biopharmaceutical company’s stock valued at $65,493,000 after buying an additional 407,975 shares during the last quarter. Credit Suisse AG raised its position in Agios Pharmaceuticals by 22.5% in the third quarter. Credit Suisse AG now owns 122,349 shares of the biopharmaceutical company’s stock valued at $6,462,000 after buying an additional 22,462 shares during the last quarter. Redmile Group LLC bought a new position in Agios Pharmaceuticals during the third quarter valued at about $38,976,000. Baker BROS. Advisors LP bought a new position in Agios Pharmaceuticals during the third quarter valued at about $10,982,000. Finally, Capital International Investors raised its position in Agios Pharmaceuticals by 0.3% in the third quarter. Capital International Investors now owns 1,504,896 shares of the biopharmaceutical company’s stock valued at $79,489,000 after buying an additional 3,859 shares during the last quarter. Institutional investors own 89.27% of the company’s stock.
Agios Pharmaceuticals Company Profile
Agios Pharmaceuticals, Inc is a biopharmaceutical company. The Company is engaged in the discovery and development of orally available small molecule medicines for the treatment of cancer and rare genetic disorders (RGDs), which are a subset of orphan genetic metabolic diseases. Its cancer product candidates are AG-221 and AG-120, which targets mutated isocitrate dehydrogenase 2 and 1, or IDH2 and IDH1, respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.
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