Aurinia Pharmaceuticals (NASDAQ:AUPH) (TSE:AUP) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.

Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Aurinia Pharmaceuticals from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. ValuEngine raised Aurinia Pharmaceuticals from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 16th. Two research analysts have rated the stock with a sell rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.58.

AUPH opened at $6.27 on Friday. The firm has a market cap of $573.02 million, a PE ratio of -6.82 and a beta of 1.38. Aurinia Pharmaceuticals has a fifty-two week low of $5.01 and a fifty-two week high of $7.85.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Aurinia Pharmaceuticals by 168.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,104 shares of the biotechnology company’s stock valued at $41,000 after purchasing an additional 3,828 shares in the last quarter. Creative Planning lifted its holdings in shares of Aurinia Pharmaceuticals by 10.2% in the fourth quarter. Creative Planning now owns 167,657 shares of the biotechnology company’s stock valued at $1,143,000 after purchasing an additional 15,457 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Aurinia Pharmaceuticals in the fourth quarter valued at $105,000. Jane Street Group LLC purchased a new stake in shares of Aurinia Pharmaceuticals in the third quarter valued at $182,000. Finally, Bank of America Corp DE lifted its holdings in shares of Aurinia Pharmaceuticals by 8,600.6% in the fourth quarter. Bank of America Corp DE now owns 30,713 shares of the biotechnology company’s stock valued at $210,000 after purchasing an additional 30,360 shares in the last quarter. Institutional investors own 25.97% of the company’s stock.

About Aurinia Pharmaceuticals

Aurinia Pharmaceuticals Inc, a clinical stage biopharmaceutical company, engages in the research, development, and commercialization of therapeutic drugs for the treatment of autoimmune diseases in Canada, the United States, China, and Switzerland. The company is developing voclosporin, a calcineurin inhibitor for the treatment of lupus nephritis, dry eye syndrome, and focal segmental glomerulosclerosis.

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