$5.11 Million in Sales Expected for Valeritas Holdings, Inc. (VLRX) This Quarter
Analysts expect that Valeritas Holdings, Inc. (NASDAQ:VLRX) will post sales of $5.11 million for the current quarter, Zacks reports. Four analysts have made estimates for Valeritas Holdings’ earnings, with the highest sales estimate coming in at $5.29 million and the lowest estimate coming in at $5.00 million. Valeritas Holdings posted sales of $4.89 million during the same quarter last year, which suggests a positive year over year growth rate of 4.5%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Friday, August 11th.
On average, analysts expect that Valeritas Holdings will report full-year sales of $5.11 million for the current financial year, with estimates ranging from $20.95 million to $22.43 million. For the next fiscal year, analysts anticipate that the firm will report sales of $28.15 million per share, with estimates ranging from $26.03 million to $30.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Valeritas Holdings.
Valeritas Holdings (NASDAQ:VLRX) last announced its quarterly earnings results on Friday, May 12th. The company reported ($6.92) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($2.72) by $4.20. The company had revenue of $4.61 million for the quarter, compared to the consensus estimate of $4.64 million.
VLRX has been the topic of several analyst reports. ValuEngine lowered Valeritas Holdings from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 11th. Cowen and Company initiated coverage on Valeritas Holdings in a research note on Monday, April 17th. They issued an “outperform” rating on the stock. Wedbush initiated coverage on Valeritas Holdings in a research note on Monday, July 10th. They issued an “outperform” rating and a $12.00 target price on the stock. Finally, B. Riley reiterated a “buy” rating and issued a $10.00 target price on shares of Valeritas Holdings in a research note on Tuesday, April 4th.
Valeritas Holdings (VLRX) opened at 5.21 on Wednesday. The company’s market cap is $35.65 million. Valeritas Holdings has a 52 week low of $4.51 and a 52 week high of $50.00. The company has a 50-day moving average of $5.89 and a 200-day moving average of $13.58.
In related news, insider John Edward Timberlake bought 5,000 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were bought at an average price of $5.14 per share, for a total transaction of $25,700.00. Following the completion of the purchase, the insider now directly owns 23,037 shares of the company’s stock, valued at $118,410.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 11,500 shares of company stock worth $57,615 in the last quarter. 1.20% of the stock is owned by insiders.
A hedge fund recently bought a new stake in Valeritas Holdings stock. HighTower Advisors LLC bought a new stake in shares of Valeritas Holdings, Inc. (NASDAQ:VLRX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,400 shares of the company’s stock, valued at approximately $195,000. HighTower Advisors LLC owned about 1.67% of Valeritas Holdings at the end of the most recent quarter. 11.65% of the stock is owned by institutional investors.
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About Valeritas Holdings
Valeritas, Inc is a United States-based company, which is engaged in developing and commercializing treatment solutions that contribute to clinical outcomes for patients. The Company’s portfolio includes V-Go disposable insulin delivery device, which is distributed through retail pharmacy. Its V-Go delivers insulin at a continuous preset basal rate and bolus dosing for adults with Type 2 diabetes requiring insulin.
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