Agios Pharmaceuticals (NASDAQ:AGIO) announced its quarterly earnings results on Wednesday. The biopharmaceutical company reported ($1.81) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.65) by ($0.16), Bloomberg Earnings reports. Agios Pharmaceuticals had a negative net margin of 506.39% and a negative return on equity of 69.64%. The company had revenue of $9.80 million during the quarter, compared to analyst estimates of $12.65 million. During the same quarter last year, the company posted ($1.34) EPS. The firm’s quarterly revenue was down 56.7% on a year-over-year basis.

Shares of Agios Pharmaceuticals (AGIO) opened at $77.97 on Thursday. Agios Pharmaceuticals has a twelve month low of $45.11 and a twelve month high of $82.96. The firm has a market cap of $4,263.30, a P/E ratio of -12.44 and a beta of 2.12.

AGIO has been the topic of a number of research reports. Oppenheimer reiterated a “buy” rating and issued a $83.00 price target on shares of Agios Pharmaceuticals in a research note on Monday, December 11th. Cann reiterated a “buy” rating on shares of Agios Pharmaceuticals in a research note on Tuesday, December 5th. Canaccord Genuity set a $90.00 target price on shares of Agios Pharmaceuticals and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Credit Suisse Group increased their target price on shares of Agios Pharmaceuticals from $61.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Finally, BidaskClub lowered shares of Agios Pharmaceuticals from a “sell” rating to a “strong sell” rating in a research report on Saturday, December 16th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $77.64.

In other news, insider Carman Alenson sold 2,150 shares of the company’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $75.00, for a total transaction of $161,250.00. Following the completion of the sale, the insider now owns 2,150 shares of the company’s stock, valued at approximately $161,250. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Corp /De/ Celgene purchased 851,154 shares of the business’s stock in a transaction dated Tuesday, January 23rd. The shares were purchased at an average cost of $67.00 per share, with a total value of $57,027,318.00. Following the acquisition, the insider now owns 1,374,599 shares in the company, valued at approximately $92,098,133. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 183,114 shares of company stock valued at $13,866,025. 5.43% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada lifted its holdings in shares of Agios Pharmaceuticals by 40.8% during the 2nd quarter. Royal Bank of Canada now owns 9,131 shares of the biopharmaceutical company’s stock worth $470,000 after acquiring an additional 2,648 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Agios Pharmaceuticals by 21.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 49,994 shares of the biopharmaceutical company’s stock worth $2,572,000 after acquiring an additional 8,965 shares during the period. Northern Trust Corp lifted its holdings in shares of Agios Pharmaceuticals by 31.3% during the 2nd quarter. Northern Trust Corp now owns 232,802 shares of the biopharmaceutical company’s stock worth $11,977,000 after acquiring an additional 55,560 shares during the period. Alps Advisors Inc. lifted its holdings in shares of Agios Pharmaceuticals by 9.1% during the 3rd quarter. Alps Advisors Inc. now owns 47,473 shares of the biopharmaceutical company’s stock worth $3,169,000 after acquiring an additional 3,962 shares during the period. Finally, Brown Advisory Inc. lifted its holdings in shares of Agios Pharmaceuticals by 8.5% during the 3rd quarter. Brown Advisory Inc. now owns 291,139 shares of the biopharmaceutical company’s stock worth $19,433,000 after acquiring an additional 22,736 shares during the period. 82.74% of the stock is owned by institutional investors.

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About Agios Pharmaceuticals

Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.

Earnings History for Agios Pharmaceuticals (NASDAQ:AGIO)

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