Valeritas Holdings, Inc.’s (VLRX) Lock-Up Period Set To Expire on September 19th
Valeritas Holdings’ (NASDAQ:VLRX) lock-up period will expire on Tuesday, September 19th. Valeritas Holdings had issued 5,250,000 shares in its initial public offering on March 23rd. The total size of the offering was $52,500,000 based on an initial share price of $10.00. Shares of the company owned by major shareholders and company insiders will be eligible for trade following the end of the lock-up period.
Several brokerages recently issued reports on VLRX. B. Riley reiterated a “buy” rating and set a $10.00 price target on shares of Valeritas Holdings in a report on Wednesday, May 17th. ValuEngine upgraded Valeritas Holdings from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Wedbush began coverage on Valeritas Holdings in a report on Monday, July 10th. They set an “outperform” rating and a $12.00 price target for the company.
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Shares of Valeritas Holdings (NASDAQ:VLRX) opened at 3.25 on Tuesday. The company’s market cap is $22.24 million. Valeritas Holdings has a one year low of $2.90 and a one year high of $50.00. The company’s 50-day moving average price is $4.45 and its 200 day moving average price is $8.53.
Valeritas Holdings (NASDAQ:VLRX) last posted its quarterly earnings data on Friday, August 11th. The company reported ($1.83) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.87) by $0.04. The company had revenue of $4.79 million for the quarter, compared to the consensus estimate of $5.11 million. On average, equities research analysts anticipate that Valeritas Holdings will post ($8.60) earnings per share for the current year.
A hedge fund recently bought a new stake in Valeritas Holdings stock. HighTower Advisors LLC acquired a new stake in shares of Valeritas Holdings, Inc. (NASDAQ:VLRX) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 27,400 shares of the company’s stock, valued at approximately $195,000. HighTower Advisors LLC owned approximately 1.67% of Valeritas Holdings as of its most recent SEC filing. 6.01% of the stock is owned by institutional investors and hedge funds.
About Valeritas Holdings
Valeritas, Inc is a United States-based company, which is engaged in developing and commercializing treatment solutions that contribute to clinical outcomes for patients. The Company’s portfolio includes V-Go disposable insulin delivery device, which is distributed through retail pharmacy. Its V-Go delivers insulin at a continuous preset basal rate and bolus dosing for adults with Type 2 diabetes requiring insulin.
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