Neurocrine Biosciences (NASDAQ:NBIX) announced its earnings results on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.11), Bloomberg Earnings reports. During the same quarter last year, the business earned ($0.51) earnings per share.

Neurocrine Biosciences (NBIX) opened at $83.69 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 14.38 and a quick ratio of 14.37. The firm has a market capitalization of $7,271.47, a P/E ratio of -37.70, a price-to-earnings-growth ratio of 6.41 and a beta of 0.26. Neurocrine Biosciences has a one year low of $39.21 and a one year high of $91.82.

In other news, insider Darin Lippoldt sold 6,279 shares of Neurocrine Biosciences stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $75.04, for a total transaction of $471,176.16. Following the completion of the transaction, the insider now directly owns 19,436 shares in the company, valued at approximately $1,458,477.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dimitri E. Grigoriadis sold 86,368 shares of Neurocrine Biosciences stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $78.32, for a total value of $6,764,341.76. Following the transaction, the insider now owns 154,717 shares of the company’s stock, valued at $12,117,435.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 337,950 shares of company stock valued at $26,613,876. Corporate insiders own 4.80% of the company’s stock.

An institutional investor recently raised its position in Neurocrine Biosciences stock. The Manufacturers Life Insurance Company lifted its holdings in shares of Neurocrine Biosciences, Inc. (NASDAQ:NBIX) by 7.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,665 shares of the company’s stock after acquiring an additional 193 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Neurocrine Biosciences were worth $123,000 as of its most recent SEC filing.

A number of equities research analysts recently issued reports on NBIX shares. Jefferies Group lifted their target price on Neurocrine Biosciences to $105.00 and gave the company a “buy” rating in a research report on Friday, January 5th. BMO Capital Markets lifted their target price on Neurocrine Biosciences from $83.00 to $109.00 and gave the company an “outperform” rating in a research report on Thursday, November 2nd. Oppenheimer set a $85.00 target price on Neurocrine Biosciences and gave the company a “buy” rating in a research report on Tuesday, December 12th. Needham & Company LLC reissued a “buy” rating and issued a $86.00 target price on shares of Neurocrine Biosciences in a research report on Thursday, November 2nd. Finally, Leerink Swann reissued an “outperform” rating and issued a $83.00 target price (up previously from $72.00) on shares of Neurocrine Biosciences in a research report on Thursday, November 2nd. One investment analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $88.33.

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Neurocrine Biosciences Company Profile

Neurocrine Biosciences, Inc is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson’s disease.

Earnings History for Neurocrine Biosciences (NASDAQ:NBIX)

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