Amicus Therapeutics, Inc. (NASDAQ:FOLD) Insider Hung Do Sells 50,194 Shares

Amicus Therapeutics, Inc. (NASDAQ:FOLD) insider Hung Do sold 50,194 shares of Amicus Therapeutics stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $14.25, for a total value of $715,264.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of Amicus Therapeutics, Inc. (NASDAQ FOLD) traded up 2.38% during midday trading on Friday, reaching $13.77. The company’s stock had a trading volume of 885,178 shares. Amicus Therapeutics, Inc. has a 1-year low of $4.41 and a 1-year high of $16.60. The company’s 50-day moving average price is $14.35 and its 200 day moving average price is $11.26. The firm’s market capitalization is $2.27 billion.

Amicus Therapeutics (NASDAQ:FOLD) last issued its earnings results on Monday, August 7th. The biopharmaceutical company reported ($0.34) EPS for the quarter, topping the consensus estimate of ($0.37) by $0.03. The company had revenue of $7.16 million during the quarter, compared to analyst estimates of $6.96 million. Amicus Therapeutics had a negative return on equity of 61.25% and a negative net margin of 1,279.88%. During the same quarter last year, the firm earned ($0.40) EPS. On average, equities research analysts forecast that Amicus Therapeutics, Inc. will post ($1.32) earnings per share for the current year.

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Several analysts recently issued reports on FOLD shares. JPMorgan Chase & Co. restated an “overweight” rating on shares of Amicus Therapeutics in a report on Wednesday, October 4th. Zacks Investment Research raised Amicus Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. BidaskClub downgraded Amicus Therapeutics from a “buy” rating to a “hold” rating in a research report on Friday, August 11th. Chardan Capital reaffirmed a “buy” rating and issued a $16.50 price target (down from $17.50) on shares of Amicus Therapeutics in a report on Wednesday, September 13th. Finally, Robert W. Baird upped their price target on Amicus Therapeutics from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Amicus Therapeutics currently has an average rating of “Buy” and an average price target of $17.81.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC lifted its holdings in shares of Amicus Therapeutics by 3.4% in the 2nd quarter. FMR LLC now owns 21,437,508 shares of the biopharmaceutical company’s stock worth $215,876,000 after purchasing an additional 705,153 shares during the last quarter. Redmile Group LLC lifted its holdings in shares of Amicus Therapeutics by 5.9% in the 2nd quarter. Redmile Group LLC now owns 12,043,932 shares of the biopharmaceutical company’s stock worth $121,282,000 after purchasing an additional 668,080 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Amicus Therapeutics by 5.0% in the 2nd quarter. Vanguard Group Inc. now owns 9,118,246 shares of the biopharmaceutical company’s stock worth $91,821,000 after purchasing an additional 430,486 shares during the last quarter. Palo Alto Investors LLC lifted its holdings in shares of Amicus Therapeutics by 0.7% in the 2nd quarter. Palo Alto Investors LLC now owns 7,940,788 shares of the biopharmaceutical company’s stock worth $79,964,000 after purchasing an additional 57,800 shares during the last quarter. Finally, Janus Capital Management LLC lifted its holdings in shares of Amicus Therapeutics by 3.6% in the 1st quarter. Janus Capital Management LLC now owns 7,136,697 shares of the biopharmaceutical company’s stock worth $50,883,000 after purchasing an additional 244,906 shares during the last quarter.

Amicus Therapeutics Company Profile

Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.

Insider Buying and Selling by Quarter for Amicus Therapeutics (NASDAQ:FOLD)

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