Repligen Co. (NASDAQ:RGEN) Insider Sells $815,784.57 in Stock

Repligen Co. (NASDAQ:RGEN – Get Rating) insider Christine Gebski sold 3,357 shares of Repligen stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $243.01, for a total value of $815,784.57. Following the transaction, the insider now owns 30,735 shares of the company’s stock, valued at $7,468,912.35. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Repligen Stock Performance

Repligen stock opened at $246.27 on Friday. Repligen Co. has a 52 week low of $137.21 and a 52 week high of $327.32. The stock has a market capitalization of $13.40 billion, a P/E ratio of 88.91 and a beta of 1.07. The stock has a fifty day moving average of $175.20 and a 200-day moving average of $174.08.

Repligen (NASDAQ:RGEN – Get Rating) last posted its quarterly earnings results on Tuesday, August 2nd. The biotechnology company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. Repligen had a return on equity of 11.18% and a net margin of 20.47%. The company had revenue of $207.63 million during the quarter, compared to analysts’ expectations of $189.06 million. During the same quarter in the previous year, the firm earned $0.79 EPS. Repligen’s revenue was up 27.4% on a year-over-year basis. On average, research analysts forecast that Repligen Co. will post 3.21 earnings per share for the current year.

Hedge Funds Weigh In On Repligen

A number of institutional investors have recently modified their holdings of the business. HM Payson & Co. acquired a new position in Repligen in the 4th quarter worth about $26,000. Confluence Wealth Services Inc. acquired a new position in Repligen in the 4th quarter worth about $27,000. Sageworth Trust Co of South Dakota acquired a new position in Repligen in the 4th quarter worth about $46,000. Harding Loevner LP increased its holdings in Repligen by 121.3% in the 1st quarter. Harding Loevner LP now owns 177 shares of the biotechnology company’s stock worth $26,000 after purchasing an additional 97 shares in the last quarter. Finally, Rise Advisors LLC acquired a new position in Repligen in the 4th quarter worth about $52,000. Institutional investors and hedge funds own 86.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. UBS Group assumed coverage on Repligen in a research note on Wednesday, July 20th. They issued a “buy” rating and a $213.00 price target for the company. SVB Leerink boosted their price target on Repligen from $220.00 to $250.00 and gave the company an “outperform” rating in a research note on Wednesday. Stephens boosted their price target on Repligen from $220.00 to $275.00 and gave the company an “overweight” rating in a research note on Wednesday. Craig Hallum reduced their price target on Repligen from $286.00 to $274.00 in a research note on Thursday, April 28th. Finally, KeyCorp boosted their price target on Repligen from $245.00 to $260.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Repligen has a consensus rating of “Moderate Buy” and a consensus price target of $276.00.

Repligen Company Profile

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Repligen Corporation develops and commercializes bioprocessing technologies and systems for use in biological drug manufacturing process in North America, Europe, the Asia Pacific, and internationally. It offers Protein A ligands that are the binding components of Protein A affinity chromatography resins; and cell culture growth factor products.