Audentes Therapeutics (BOLD) Research Coverage Started at HC Wainwright
HC Wainwright started coverage on shares of Audentes Therapeutics (NASDAQ:BOLD) in a research report sent to investors on Wednesday, Marketbeat.com reports. The brokerage issued a buy rating and a $37.00 price target on the biotechnology company’s stock.
Several other analysts also recently commented on the stock. BidaskClub raised shares of Audentes Therapeutics from a buy rating to a strong-buy rating in a report on Wednesday. BMO Capital Markets assumed coverage on shares of Audentes Therapeutics in a report on Tuesday, December 5th. They issued an outperform rating and a $35.00 price objective on the stock. ValuEngine downgraded shares of Audentes Therapeutics from a hold rating to a sell rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Audentes Therapeutics from a hold rating to a sell rating in a report on Friday, November 17th. Finally, Leerink Swann reaffirmed an outperform rating and issued a $29.00 price objective (up from $22.00) on shares of Audentes Therapeutics in a report on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and an average target price of $29.38.
Audentes Therapeutics (NASDAQ BOLD) traded up $0.03 during trading hours on Wednesday, reaching $31.00. 133,822 shares of the company’s stock traded hands, compared to its average volume of 234,495. The stock has a market cap of $926.41 and a P/E ratio of -8.91. Audentes Therapeutics has a 12 month low of $13.90 and a 12 month high of $33.43.
In related news, Director Louis G. Lange sold 18,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $28.32, for a total value of $509,760.00. Following the completion of the transaction, the director now directly owns 453,393 shares in the company, valued at approximately $12,840,089.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Orbimed Advisors Llc sold 672,000 shares of the business’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $28.25, for a total transaction of $18,984,000.00. The disclosure for this sale can be found here. Insiders sold a total of 747,750 shares of company stock worth $21,112,750 over the last ninety days. Insiders own 47.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new position in shares of Audentes Therapeutics in the 3rd quarter valued at $143,000. Nationwide Fund Advisors lifted its stake in shares of Audentes Therapeutics by 288.9% in the 2nd quarter. Nationwide Fund Advisors now owns 8,594 shares of the biotechnology company’s stock valued at $164,000 after purchasing an additional 6,384 shares during the period. State of Wisconsin Investment Board acquired a new position in shares of Audentes Therapeutics in the 2nd quarter valued at $210,000. Rhumbline Advisers acquired a new position in shares of Audentes Therapeutics in the 2nd quarter valued at $252,000. Finally, Virtu KCG Holdings LLC acquired a new position in shares of Audentes Therapeutics in the 2nd quarter valued at $257,000. Hedge funds and other institutional investors own 78.95% of the company’s stock.
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Audentes Therapeutics Company Profile
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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