FibroGen (FGEN) Lifted to Hold at BidaskClub
BidaskClub upgraded shares of FibroGen (NASDAQ:FGEN) from a sell rating to a hold rating in a report issued on Thursday.
Other analysts also recently issued reports about the stock. Stifel Nicolaus reissued a buy rating and set a $80.00 price objective on shares of FibroGen in a research report on Thursday, September 14th. Jefferies Group reissued a buy rating and set a $75.00 price objective on shares of FibroGen in a research report on Tuesday, September 12th. Mizuho reissued a hold rating and set a $61.00 price objective on shares of FibroGen in a research report on Thursday, November 9th. Finally, ValuEngine downgraded shares of FibroGen from a hold rating to a sell rating in a research report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. FibroGen currently has an average rating of Buy and a consensus price target of $65.67.
Shares of FibroGen (NASDAQ:FGEN) traded up $2.25 during mid-day trading on Thursday, reaching $47.80. 569,171 shares of the company traded hands, compared to its average volume of 632,113. FibroGen has a one year low of $19.55 and a one year high of $60.15. The stock has a market cap of $3,744.09, a P/E ratio of -23.43 and a beta of 1.56. The company has a quick ratio of 10.83, a current ratio of 10.83 and a debt-to-equity ratio of 0.16.
In other news, Director Thomas F. Kearns, Jr. sold 18,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $45.22, for a total transaction of $813,960.00. Following the sale, the director now owns 156,564 shares of the company’s stock, valued at approximately $7,079,824.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Gerald Lema purchased 3,500 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were bought at an average cost of $46.70 per share, for a total transaction of $163,450.00. Following the acquisition, the director now owns 3,500 shares in the company, valued at $163,450. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 346,346 shares of company stock worth $17,855,633. Insiders own 13.60% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of FibroGen by 96.9% in the second quarter. FMR LLC now owns 3,335,997 shares of the biopharmaceutical company’s stock worth $107,753,000 after buying an additional 1,641,423 shares during the last quarter. EcoR1 Capital LLC boosted its holdings in shares of FibroGen by 3,674.1% in the second quarter. EcoR1 Capital LLC now owns 1,585,457 shares of the biopharmaceutical company’s stock worth $51,210,000 after buying an additional 1,543,448 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of FibroGen in the second quarter worth approximately $45,633,000. Eagle Asset Management Inc. purchased a new position in shares of FibroGen in the third quarter worth approximately $46,158,000. Finally, Vanguard Group Inc. boosted its holdings in shares of FibroGen by 15.1% in the second quarter. Vanguard Group Inc. now owns 5,808,439 shares of the biopharmaceutical company’s stock worth $187,612,000 after buying an additional 761,421 shares during the last quarter. 57.37% of the stock is currently owned by hedge funds and other institutional investors.
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FibroGen, Inc is a science-based biopharmaceutical company discovering and developing a pipeline of first- in-class therapeutics. The Company is focused on fibrosis and hypoxia-inducible factor (HIF) biology and clinical development to advance innovative medicines for the treatment of anemia, fibrotic disease, and cancer.
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