Q2 2018 Earnings Forecast for Ultragenyx Pharmaceutical Inc. Issued By Wedbush (RARE)
Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE) – Equities research analysts at Wedbush lowered their Q2 2018 EPS estimates for shares of Ultragenyx Pharmaceutical in a research report issued to clients and investors on Tuesday. Wedbush analyst D. Nierengarten now expects that the biopharmaceutical company will post earnings of ($2.11) per share for the quarter, down from their prior estimate of ($2.10). Wedbush has a “Outperform” rating and a $62.00 price target on the stock. Wedbush also issued estimates for Ultragenyx Pharmaceutical’s Q3 2018 earnings at ($0.78) EPS, Q4 2018 earnings at ($2.12) EPS and FY2018 earnings at ($4.47) EPS.
Ultragenyx Pharmaceutical (NASDAQ:RARE) last posted its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($1.87) earnings per share for the quarter, meeting analysts’ consensus estimates of ($1.87). The firm had revenue of $0.20 million during the quarter, compared to analysts’ expectations of $0.02 million. During the same quarter last year, the business earned ($1.64) earnings per share. The business’s quarterly revenue was up 81.8% on a year-over-year basis.
Ultragenyx Pharmaceutical (NASDAQ RARE) opened at $45.57 on Friday. Ultragenyx Pharmaceutical has a 1 year low of $44.02 and a 1 year high of $91.35.
Several hedge funds and other institutional investors have recently modified their holdings of RARE. Sei Investments Co. purchased a new stake in shares of Ultragenyx Pharmaceutical during the 2nd quarter worth $125,000. SG Americas Securities LLC purchased a new stake in shares of Ultragenyx Pharmaceutical during the 3rd quarter worth $156,000. Tocqueville Asset Management L.P. boosted its position in shares of Ultragenyx Pharmaceutical by 8.0% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 3,375 shares of the biopharmaceutical company’s stock worth $210,000 after purchasing an additional 250 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of Ultragenyx Pharmaceutical by 12.0% during the 2nd quarter. Pacer Advisors Inc. now owns 3,402 shares of the biopharmaceutical company’s stock worth $211,000 after purchasing an additional 365 shares in the last quarter. Finally, Kazazian Asset Management LLC acquired a new position in shares of Ultragenyx Pharmaceutical during the 2nd quarter worth $213,000. Institutional investors own 94.13% of the company’s stock.
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About Ultragenyx Pharmaceutical
Ultragenyx Pharmaceutical Inc is a clinical-stage biopharmaceutical company. The Company is focused on the identification, acquisition, development, and commercialization of products for the treatment of genetic diseases. Its clinical-stage pipeline consists of two product categories: biologics (including a monoclonal antibody and an enzyme replacement therapy), and small-molecule substrate replacement therapies.
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