Esperion Therapeutics, Inc. (NASDAQ:ESPR)‘s stock had its “buy” rating reaffirmed by investment analysts at Northland Securities in a report released on Friday. They currently have a $72.00 target price on the biopharmaceutical company’s stock. Northland Securities’ target price would indicate a potential upside of 48.36% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on ESPR. Zacks Investment Research cut shares of Esperion Therapeutics from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Deutsche Bank AG set a $64.00 price objective on shares of Esperion Therapeutics and gave the stock a “buy” rating in a report on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and issued a $70.00 price objective (up previously from $60.00) on shares of Esperion Therapeutics in a report on Thursday, August 10th. Bank of America Corporation restated a “neutral” rating and issued a $60.00 price objective on shares of Esperion Therapeutics in a report on Friday, August 11th. Finally, Jefferies Group LLC upgraded shares of Esperion Therapeutics from a “hold” rating to a “buy” rating and cut their price target for the company from $85.00 to $55.00 in a report on Tuesday, August 8th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Esperion Therapeutics currently has a consensus rating of “Buy” and a consensus price target of $58.92.
Shares of Esperion Therapeutics (NASDAQ:ESPR) traded up $0.13 on Friday, reaching $48.53. 218,900 shares of the company’s stock were exchanged, compared to its average volume of 518,089. Esperion Therapeutics has a twelve month low of $10.30 and a twelve month high of $57.40.
Esperion Therapeutics (NASDAQ:ESPR) last announced its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($1.86) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($1.79) by ($0.07). During the same period last year, the firm posted ($0.77) EPS. equities analysts expect that Esperion Therapeutics will post -7.21 EPS for the current year.
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Hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN raised its position in Esperion Therapeutics by 25.1% in the third quarter. Wells Fargo & Company MN now owns 14,519 shares of the biopharmaceutical company’s stock worth $728,000 after acquiring an additional 2,917 shares during the period. Trexquant Investment LP bought a new position in Esperion Therapeutics in the third quarter worth approximately $832,000. Amundi Pioneer Asset Management Inc. bought a new position in Esperion Therapeutics in the third quarter worth approximately $9,517,000. American International Group Inc. raised its position in Esperion Therapeutics by 21.6% in the third quarter. American International Group Inc. now owns 11,257 shares of the biopharmaceutical company’s stock worth $564,000 after acquiring an additional 2,001 shares during the period. Finally, MUFG Securities EMEA plc bought a new position in Esperion Therapeutics in the third quarter worth approximately $9,022,000. Institutional investors own 90.05% of the company’s stock.
Esperion Therapeutics Company Profile
Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.
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