Audentes Therapeutics, Inc. (BOLD) Posts Earnings Results, Hits Estimates
Audentes Therapeutics, Inc. (NASDAQ:BOLD) posted its quarterly earnings data on Tuesday. The biotechnology company reported ($0.88) EPS for the quarter, hitting analysts’ consensus estimates of ($0.88), Bloomberg Earnings reports.
Shares of Audentes Therapeutics (NASDAQ BOLD) opened at $25.89 on Thursday. Audentes Therapeutics has a 1 year low of $13.90 and a 1 year high of $33.43.
A number of equities analysts have recently commented on BOLD shares. Zacks Investment Research lowered Audentes Therapeutics from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. ValuEngine downgraded Audentes Therapeutics from a “hold” rating to a “sell” rating in a research report on Friday, October 13th. William Blair assumed coverage on Audentes Therapeutics in a research report on Tuesday, October 17th. They set an “outperform” rating and a $35.00 target price on the stock. Raymond James Financial, Inc. assumed coverage on Audentes Therapeutics in a research report on Thursday, October 12th. They set a “market perform” rating on the stock. Finally, Leerink Swann reissued an “outperform” rating and set a $29.00 target price (up from $22.00) on shares of Audentes Therapeutics in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Audentes Therapeutics currently has a consensus rating of “Hold” and a consensus target price of $27.17.
In other Audentes Therapeutics news, CEO Matthew R. Patterson sold 25,000 shares of Audentes Therapeutics stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $27.92, for a total transaction of $698,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Suyash Prasad sold 8,000 shares of Audentes Therapeutics stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $21.44, for a total value of $171,520.00. Following the sale, the vice president now directly owns 8,000 shares in the company, valued at $171,520. The disclosure for this sale can be found here. Over the last three months, insiders have sold 766,500 shares of company stock worth $21,443,730. 47.30% of the stock is owned by company insiders.
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About Audentes Therapeutics
Audentes Therapeutics, Inc is an early-stage biotechnology company. The Company is focused on developing and commercializing gene therapy products for patients suffering from serious, life-threatening rare diseases caused by single gene defects. The Company has a portfolio of product candidates, including AT132 for the treatment of X-Linked Myotubular Myopathy (XLMTM); AT342 for the treatment of Crigler-Najjar Syndrome (Crigler-Najjar); AT982 for the treatment of Pompe disease, and AT307 for the treatment of the CASQ2 subtype of Catecholaminergic Polymorphic Ventricular Tachycardia (CASQ2-CPVT).
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