Apollo Endosurgery (NASDAQ:APEN) Director Matthew S. Crawford purchased 4,038 shares of the stock in a transaction that occurred on Friday, March 9th. The shares were purchased at an average cost of $6.20 per share, for a total transaction of $25,035.60. Following the completion of the acquisition, the director now directly owns 53,715 shares of the company’s stock, valued at approximately $333,033. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
APEN stock traded down $0.01 during mid-day trading on Friday, hitting $6.00. 12,505 shares of the company were exchanged, compared to its average volume of 27,348. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.23 and a quick ratio of 1.68. The firm has a market cap of $103.92, a PE ratio of -2.99 and a beta of 0.34. Apollo Endosurgery has a 12-month low of $3.55 and a 12-month high of $13.48.
Apollo Endosurgery (NASDAQ:APEN) last announced its earnings results on Thursday, March 1st. The biotechnology company reported ($0.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.34) by ($0.08). Apollo Endosurgery had a negative return on equity of 64.48% and a negative net margin of 42.35%. The company had revenue of $16.14 million for the quarter, compared to analysts’ expectations of $16.64 million. sell-side analysts anticipate that Apollo Endosurgery will post -1.44 EPS for the current fiscal year.
A number of institutional investors have recently modified their holdings of APEN. Stonepine Capital Management LLC purchased a new position in Apollo Endosurgery in the third quarter worth approximately $11,067,000. King Luther Capital Management Corp purchased a new position in Apollo Endosurgery in the third quarter worth approximately $2,567,000. Russell Investments Group Ltd. purchased a new position in Apollo Endosurgery in the third quarter worth approximately $1,288,000. Woodmont Investment Counsel LLC purchased a new position in Apollo Endosurgery in the third quarter worth approximately $220,000. Finally, JPMorgan Chase & Co. purchased a new position in Apollo Endosurgery in the third quarter worth approximately $119,000. Institutional investors own 31.27% of the company’s stock.
Several research firms have issued reports on APEN. Zacks Investment Research downgraded shares of Apollo Endosurgery from a “hold” rating to a “sell” rating in a report on Tuesday, March 6th. Northland Securities reiterated a “buy” rating and issued a $12.00 target price on shares of Apollo Endosurgery in a research report on Thursday, February 8th. ValuEngine upgraded shares of Apollo Endosurgery from a “strong sell” rating to a “sell” rating in a research report on Wednesday, January 3rd. Finally, Roth Capital set a $10.00 target price on shares of Apollo Endosurgery and gave the company a “buy” rating in a research report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $9.44.
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Apollo Endosurgery Company Profile
Apollo Endosurgery, Inc, a medical technology company, focuses on the design, development, and commercialization of medical devices for the treatment of obesity. The company offers endo-bariatric products, such as Orbera intragastric balloon system and Orbera365 Managed Weight Loss System, which are non-surgical alternatives for the treatment of overweight and obese adults; and OverStitch endoscopic suturing system that enables endoscopic procedures by allowing physicians to place full-thickness sutures and secure the approximation of tissue through flexible endoscope.
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