Rhythm Pharmaceuticals (RYTM) Issues Quarterly Earnings Results
Rhythm Pharmaceuticals (NASDAQ:RYTM) posted its earnings results on Monday. The company reported ($0.41) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.55) by $0.14, Bloomberg Earnings reports.
Shares of Rhythm Pharmaceuticals (NASDAQ:RYTM) opened at $29.15 on Wednesday. Rhythm Pharmaceuticals has a 52 week low of $21.38 and a 52 week high of $33.81.
Several research firms have issued reports on RYTM. Needham & Company LLC reiterated a “buy” rating and issued a $32.00 target price on shares of Rhythm Pharmaceuticals in a research note on Monday, February 26th. BidaskClub lowered Rhythm Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Thursday, February 22nd. Finally, Cowen reiterated a “buy” rating and issued a $40.00 target price on shares of Rhythm Pharmaceuticals in a research note on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.25.
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Rhythm Pharmaceuticals, Inc is a biopharmaceutical company. The Company is focused on the development and commercialization of peptide therapeutics for the treatment of rare genetic deficiencies that result in life-threatening metabolic disorders. The Company’s lead peptide product candidate is setmelanotide, a potent, first-in-class melanocortin-4 receptor, or MC4R, agonist for the treatment of rare genetic disorders of obesity.
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