Urogen Pharma (NASDAQ:URGN) was downgraded by analysts at UBS from an “outperform” rating to a “market perform” rating in a report issued on Wednesday, November 15th, The Fly reports.
URGN has been the topic of several other research reports. Jefferies Group increased their price objective on Urogen Pharma from $27.00 to $37.00 and gave the stock a “buy” rating in a research note on Monday, October 9th. Oppenheimer set a $51.00 target price on Urogen Pharma and gave the company an “outperform” rating in a research report on Tuesday, November 14th. Finally, Zacks Investment Research raised Urogen Pharma from a “sell” rating to a “hold” rating in a research report on Wednesday, October 18th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.80.
Shares of Urogen Pharma (NASDAQ:URGN) traded up $0.78 during trading hours on Wednesday, reaching $40.43. The company had a trading volume of 212,279 shares, compared to its average volume of 70,141. Urogen Pharma has a 52 week low of $13.01 and a 52 week high of $44.63.
In related news, major shareholder Proquest Investments Iv, L.P. sold 209,298 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $40.60, for a total value of $8,497,498.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Several large investors have recently bought and sold shares of URGN. FMR LLC acquired a new stake in shares of Urogen Pharma during the 2nd quarter valued at about $13,892,000. Menora Mivtachim Holdings LTD. grew its position in shares of Urogen Pharma by 341.4% during the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 569,589 shares of the company’s stock valued at $17,953,000 after acquiring an additional 440,534 shares during the period. Hillhouse Capital Management Ltd. acquired a new stake in Urogen Pharma in the 2nd quarter worth about $6,363,000. Jennison Associates LLC acquired a new stake in Urogen Pharma in the 2nd quarter worth about $3,168,000. Finally, Wildcat Capital Management LLC acquired a new stake in Urogen Pharma in the 2nd quarter worth about $2,439,000. Hedge funds and other institutional investors own 34.71% of the company’s stock.
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Urogen Pharma Company Profile
Urogen Pharma Ltd, formerly Theracoat Ltd, is an Israel-based clinical-stage biopharmaceutical company. It is engaged in developing therapies designed to care for urological pathologies. Its lead product candidates include MitoGel and VesiGel. MiroGel is a sustained release formulation of the chemotherapy agent Mitomycin C for the treatment of low-grade upper tract urothelial carcinoma, an urothelial cancer in the upper tract.
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