Urogen Pharma (URGN) Releases Earnings Results, Misses Estimates By $0.09 EPS

Urogen Pharma (NASDAQ:URGN) issued its quarterly earnings data on Thursday, March 15th. The company reported ($0.74) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.65) by ($0.09), Morningstar.com reports. The business had revenue of $0.33 million during the quarter.

URGN opened at $59.08 on Friday. Urogen Pharma has a one year low of $13.01 and a one year high of $65.89. The firm has a market capitalization of $869.50 and a PE ratio of -27.61.

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A number of research analysts recently issued reports on the company. UBS upgraded Urogen Pharma from a “market perform” rating to an “outperform” rating in a research report on Wednesday. Oppenheimer restated a “buy” rating on shares of Urogen Pharma in a research report on Thursday, March 22nd. Jefferies Group restated a “buy” rating on shares of Urogen Pharma in a research report on Monday, March 19th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating and set a $65.00 target price on shares of Urogen Pharma in a research note on Friday, March 16th. Finally, Raymond James Financial raised Urogen Pharma from a “market perform” rating to an “outperform” rating in a research note on Wednesday. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $45.50.

Institutional investors and hedge funds have recently bought and sold shares of the company. DSAM Partners London Ltd raised its stake in shares of Urogen Pharma by 83.2% in the 4th quarter. DSAM Partners London Ltd now owns 136,500 shares of the company’s stock worth $5,079,000 after buying an additional 62,000 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Urogen Pharma in the 3rd quarter worth $293,000. Lyon Street Capital LLC bought a new stake in shares of Urogen Pharma in the 3rd quarter worth $1,316,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Urogen Pharma in the 4th quarter worth $166,000. Finally, Spark Investment Management LLC raised its stake in shares of Urogen Pharma by 90.6% in the 4th quarter. Spark Investment Management LLC now owns 70,700 shares of the company’s stock worth $2,630,000 after buying an additional 33,600 shares in the last quarter. 50.49% of the stock is currently owned by institutional investors.

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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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