HC Wainwright Reiterates $8.00 Price Target for Agile Therapeutics (AGRX)
HC Wainwright set a $8.00 price objective on Agile Therapeutics (NASDAQ:AGRX) in a report published on Friday morning. The brokerage currently has a buy rating on the specialty pharmaceutical company’s stock.
“it as Just Another Delay; Reiterate Buy but Lower to $8 Stock Data 12/21/2017 Price $4.76 Exchange NASDAQ Price Target $8.00 52-Week High $6.62 52-Week Low $2.04 Enterprise Value (M) $131.3 Market Cap (M) $163 Shares Outstanding (M) 34.2 3 Month Avg Volume 267,948 Short Interest (M) 0.30 Balance Sheet Metrics Cash (M) $43.8 Total Debt (M) $12.1 Total Cash/Share $1.28 EPS Diluted Full Year – Dec 2016A 2017E 2018E 1Q (0.27) (0.26)A (0.28) 2Q (0.29) (0.26)A (0.26) 3Q (0.27) (0.22)A (0.29) 4Q (0.18) (0.24) (0.32) FY (1.02) (0.98) (1.16) Revenue ($M) Full Year – Dec 2016A 2017E 2018E 1Q 0.0 0.0A 0.0 2Q 0.0 0.0A 0.0 3Q 0.0 0.0A 0.0 4Q 0.0 0.0 0.0 FY 0.0 0.0 0.0 7 6 5 4 3 2 1 DEC- 16 APR- 17 AUG- 17 DEC- 17 20 15 10 5 0 Vol. (mil) Price Twirla Complete Response Letter surprisingly focused on patch adhesion; we believe the issues are readily addressable. The consensus investor Twirla sticking issue has been around the “high” Phase 3 Pearl Index (implied lower efficacy) vs. prior.”,” the firm’s analyst commented.
A number of other equities research analysts have also weighed in on the stock. Cantor Fitzgerald restated a buy rating and issued a $8.00 price objective on shares of Agile Therapeutics in a report on Monday, November 20th. Royal Bank of Canada restated a buy rating and issued a $10.00 price objective on shares of Agile Therapeutics in a report on Wednesday, October 18th. Janney Montgomery Scott restated a buy rating and issued a $13.00 price objective on shares of Agile Therapeutics in a report on Thursday, September 7th. Finally, ValuEngine lowered shares of Agile Therapeutics from a sell rating to a strong sell rating in a report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. Agile Therapeutics currently has a consensus rating of Buy and a consensus price target of $9.80.
Agile Therapeutics (NASDAQ AGRX) opened at $2.52 on Friday. The company has a quick ratio of 4.10, a current ratio of 4.10 and a debt-to-equity ratio of 0.14. Agile Therapeutics has a 12 month low of $1.82 and a 12 month high of $6.70. The company has a market cap of $45.61, a P/E ratio of -2.74 and a beta of 2.02.
Agile Therapeutics (NASDAQ:AGRX) last released its quarterly earnings results on Monday, November 6th. The specialty pharmaceutical company reported ($0.22) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.25) by $0.03. sell-side analysts expect that Agile Therapeutics will post -0.99 earnings per share for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Alyeska Investment Group L.P. bought a new stake in Agile Therapeutics during the 3rd quarter valued at $3,747,000. Franklin Resources Inc. raised its holdings in Agile Therapeutics by 39.2% during the 2nd quarter. Franklin Resources Inc. now owns 2,772,200 shares of the specialty pharmaceutical company’s stock valued at $10,396,000 after buying an additional 780,578 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in Agile Therapeutics during the 3rd quarter valued at $943,000. Caxton Corp raised its holdings in Agile Therapeutics by 12.1% during the 3rd quarter. Caxton Corp now owns 1,820,012 shares of the specialty pharmaceutical company’s stock valued at $8,117,000 after buying an additional 196,445 shares during the last quarter. Finally, Neuberger Berman Group LLC bought a new stake in Agile Therapeutics during the 3rd quarter valued at $613,000. Hedge funds and other institutional investors own 72.92% of the company’s stock.
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Agile Therapeutics Company Profile
Agile Therapeutics, Inc is a women’s health specialty pharmaceutical company. The Company is focused in the development and commercialization of prescription contraceptive products. The Company has developed a transdermal patch technology, called Skinfusion. The Company’s lead product candidate is Twirla, also known as AG200-15, is a combined hormonal contraceptive (CHC) patch.
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