FibroGen (FGEN) Trading 6.7% Higher
FibroGen Inc (NASDAQ:FGEN) shares traded up 6.7% during mid-day trading on Tuesday . The company traded as high as $53.50 and last traded at $53.25. 684,543 shares changed hands during trading, an increase of 30% from the average session volume of 527,060 shares. The stock had previously closed at $49.90.
A number of research analysts recently issued reports on the company. BidaskClub upgraded FibroGen from a “sell” rating to a “hold” rating in a research note on Thursday, December 21st. ValuEngine downgraded FibroGen from a “hold” rating to a “sell” rating in a research note on Friday, December 1st. Finally, Mizuho assumed coverage on FibroGen in a research note on Wednesday, October 4th. They set a “neutral” rating and a $61.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $65.67.
The firm has a market capitalization of $4,380.00, a P/E ratio of -26.23 and a beta of 1.55. The company has a current ratio of 10.83, a quick ratio of 10.83 and a debt-to-equity ratio of 0.16.
In related news, CEO Thomas B. Neff sold 38,636 shares of the business’s stock in a transaction that occurred on Tuesday, October 31st. The stock was sold at an average price of $56.13, for a total value of $2,168,638.68. Following the transaction, the chief executive officer now directly owns 3,144,573 shares of the company’s stock, valued at approximately $176,504,882.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Thomas B. Neff sold 18,900 shares of the business’s stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $48.29, for a total value of $912,681.00. Following the completion of the transaction, the chief executive officer now directly owns 3,071,705 shares in the company, valued at $148,332,634.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 295,346 shares of company stock worth $14,152,764. 13.60% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of FGEN. FMR LLC lifted its holdings in FibroGen by 96.9% in the 2nd quarter. FMR LLC now owns 3,335,997 shares of the biopharmaceutical company’s stock worth $107,753,000 after purchasing an additional 1,641,423 shares in the last quarter. EcoR1 Capital LLC lifted its holdings in FibroGen by 3,674.1% in the 2nd quarter. EcoR1 Capital LLC now owns 1,585,457 shares of the biopharmaceutical company’s stock worth $51,210,000 after purchasing an additional 1,543,448 shares in the last quarter. Janus Henderson Group PLC purchased a new position in FibroGen in the 2nd quarter worth approximately $45,633,000. Eagle Asset Management Inc. purchased a new position in FibroGen in the 3rd quarter worth approximately $46,158,000. Finally, Vanguard Group Inc. lifted its holdings in FibroGen by 15.1% in the 2nd quarter. Vanguard Group Inc. now owns 5,808,439 shares of the biopharmaceutical company’s stock worth $187,612,000 after purchasing an additional 761,421 shares in the last quarter. 57.23% of the stock is currently owned by institutional investors.
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FibroGen Company Profile
FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
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