Brokerages Set Radius Health, Inc. (RDUS) Target Price at $56.40
Radius Health, Inc. (NASDAQ:RDUS) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $56.40.
A number of equities analysts recently weighed in on the stock. ValuEngine raised shares of Radius Health from a “strong sell” rating to a “sell” rating in a research note on Friday. Cantor Fitzgerald reissued a “buy” rating and set a $58.00 target price on shares of Radius Health in a research note on Friday, November 3rd. Jefferies Group lowered their target price on shares of Radius Health from $38.00 to $31.00 and set a “hold” rating for the company in a research note on Friday, November 3rd. Goldman Sachs Group reissued a “neutral” rating and set a $45.00 target price on shares of Radius Health in a research note on Friday, October 6th. Finally, Zacks Investment Research downgraded shares of Radius Health from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th.
Shares of Radius Health (RDUS) traded down $0.44 during midday trading on Thursday, reaching $27.87. 702,158 shares of the company were exchanged, compared to its average volume of 1,059,109. Radius Health has a fifty-two week low of $24.66 and a fifty-two week high of $55.30. The company has a quick ratio of 12.79, a current ratio of 12.87 and a debt-to-equity ratio of 0.53.
In other Radius Health news, CFO Jose Carmona acquired 3,000 shares of Radius Health stock in a transaction dated Thursday, September 14th. The stock was purchased at an average cost of $32.83 per share, for a total transaction of $98,490.00. Following the completion of the acquisition, the chief financial officer now directly owns 3,000 shares of the company’s stock, valued at $98,490. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jesper Hoiland acquired 6,100 shares of Radius Health stock in a transaction dated Friday, September 15th. The shares were acquired at an average price of $32.72 per share, with a total value of $199,592.00. Following the completion of the acquisition, the insider now directly owns 6,100 shares of the company’s stock, valued at $199,592. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 417,678 shares of company stock valued at $13,583,998. Insiders own 15.00% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Belpointe Asset Management LLC acquired a new position in shares of Radius Health during the third quarter valued at about $474,000. Cubist Systematic Strategies LLC acquired a new position in shares of Radius Health during the third quarter valued at about $110,000. Point72 Asset Management L.P. acquired a new position in shares of Radius Health during the third quarter valued at about $17,236,000. Orbimed Advisors LLC grew its holdings in shares of Radius Health by 59.5% during the third quarter. Orbimed Advisors LLC now owns 1,122,800 shares of the biopharmaceutical company’s stock valued at $43,284,000 after buying an additional 418,700 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Radius Health by 28.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 180,901 shares of the biopharmaceutical company’s stock valued at $6,974,000 after buying an additional 40,006 shares during the last quarter.
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About Radius Health
Radius Health, Inc is a biopharmaceutical company. The Company is focused on the developing therapeutics in the areas of osteoporosis, oncology and endocrine diseases. The Company’s lead investigational product candidate, TYMLOS (abaloparatide-SC) injection is developed for the treatment of postmenopausal women with osteoporosis at high risk for fracture.
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