Insider Selling: Concert Pharmaceuticals Inc (CNCE) Director Sells 31,236 Shares of Stock
Concert Pharmaceuticals Inc (NASDAQ:CNCE) Director Richard Aldrich sold 31,236 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $19.14, for a total transaction of $597,857.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of Concert Pharmaceuticals Inc (CNCE) traded down $0.23 during trading on Thursday, hitting $19.71. 515,133 shares of the stock traded hands, compared to its average volume of 743,733. Concert Pharmaceuticals Inc has a fifty-two week low of $8.61 and a fifty-two week high of $30.71. The firm has a market cap of $449.30, a PE ratio of 5.26 and a beta of 1.67.
Concert Pharmaceuticals (NASDAQ:CNCE) last issued its earnings results on Thursday, November 9th. The biotechnology company reported ($0.70) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.54) by ($0.16). Concert Pharmaceuticals had a net margin of 62.31% and a negative return on equity of 51.48%. sell-side analysts expect that Concert Pharmaceuticals Inc will post 4.1 earnings per share for the current year.
CNCE has been the subject of several analyst reports. Zacks Investment Research cut shares of Concert Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Friday, September 22nd. HC Wainwright reiterated a “buy” rating and set a $21.00 price target on shares of Concert Pharmaceuticals in a report on Friday, October 20th. Stifel Nicolaus reiterated a “buy” rating and set a $30.00 price target on shares of Concert Pharmaceuticals in a report on Sunday, October 22nd. Mizuho initiated coverage on shares of Concert Pharmaceuticals in a report on Thursday, October 26th. They set a “buy” rating and a $23.00 price target for the company. Finally, TheStreet upgraded shares of Concert Pharmaceuticals from a “d” rating to a “c+” rating in a report on Wednesday, November 29th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $24.33.
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Concert Pharmaceuticals Company Profile
Concert Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company is engaged in the discovery and development of small molecule drugs. The Company operates through the development of pharmaceutical products on its own behalf or in collaboration with others. The Company’s deuterated chemical entity platform (DCE Platform), has potential across various therapeutic areas.
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