Radius Health (RDUS) Lowered to “Strong Sell” at BidaskClub
BidaskClub downgraded shares of Radius Health (NASDAQ:RDUS) from a sell rating to a strong sell rating in a report released on Thursday morning.
Several other brokerages have also commented on RDUS. Maxim Group reiterated a positive rating on shares of Radius Health in a research note on Friday, September 29th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Radius Health from a hold rating to a sell rating in a research note on Wednesday, October 4th. Goldman Sachs Group reiterated a neutral rating and set a $45.00 price target on shares of Radius Health in a research note on Friday, October 6th. Jefferies Group reiterated a hold rating and set a $38.00 price target (up from $34.00) on shares of Radius Health in a research note on Wednesday, August 9th. Finally, Cantor Fitzgerald reiterated a buy rating and set a $58.00 price target on shares of Radius Health in a research note on Friday, November 3rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $48.00.
Shares of Radius Health (NASDAQ RDUS) traded up $4.19 on Thursday, hitting $31.60. 3,177,683 shares of the stock were exchanged, compared to its average volume of 974,338. Radius Health has a fifty-two week low of $24.66 and a fifty-two week high of $49.39. The company has a current ratio of 12.87, a quick ratio of 12.79 and a debt-to-equity ratio of 0.53.
In other Radius Health news, VP Brent Hatzis-Schoch acquired 1,778 shares of the company’s stock in a transaction on Friday, November 10th. The shares were bought at an average cost of $28.09 per share, for a total transaction of $49,944.02. Following the completion of the purchase, the vice president now owns 2,278 shares in the company, valued at approximately $63,989.02. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Growth N. V. Biotech acquired 50,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was acquired at an average price of $35.42 per share, for a total transaction of $1,771,000.00. Following the completion of the purchase, the insider now owns 5,348,799 shares of the company’s stock, valued at approximately $189,454,460.58. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 367,678 shares of company stock worth $11,746,498. 15.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of RDUS. Teachers Advisors LLC increased its stake in Radius Health by 4.4% in the first quarter. Teachers Advisors LLC now owns 54,024 shares of the biopharmaceutical company’s stock valued at $2,088,000 after purchasing an additional 2,289 shares during the period. Russell Investments Group Ltd. increased its stake in Radius Health by 144.2% in the second quarter. Russell Investments Group Ltd. now owns 12,562 shares of the biopharmaceutical company’s stock valued at $568,000 after purchasing an additional 7,417 shares during the period. Sei Investments Co. increased its stake in Radius Health by 27.7% in the second quarter. Sei Investments Co. now owns 3,180 shares of the biopharmaceutical company’s stock valued at $144,000 after purchasing an additional 690 shares during the period. TD Asset Management Inc. increased its stake in Radius Health by 68.0% in the second quarter. TD Asset Management Inc. now owns 145,970 shares of the biopharmaceutical company’s stock valued at $6,602,000 after purchasing an additional 59,100 shares during the period. Finally, Pictet Asset Management Ltd. increased its stake in Radius Health by 20.0% in the second quarter. Pictet Asset Management Ltd. now owns 641,388 shares of the biopharmaceutical company’s stock valued at $22,205,000 after purchasing an additional 106,849 shares during the period.
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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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