Uniqure (QURE) Downgraded to Hold at BidaskClub

BidaskClub cut shares of Uniqure (NASDAQ:QURE) from a buy rating to a hold rating in a research note published on Wednesday.

QURE has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Uniqure from a hold rating to a sell rating in a report on Wednesday, January 10th. ValuEngine upgraded shares of Uniqure from a sell rating to a hold rating in a report on Friday, February 2nd. HC Wainwright set a $35.00 price target on shares of Uniqure and gave the company a buy rating in a report on Tuesday, February 20th. Finally, Janney Montgomery Scott assumed coverage on shares of Uniqure in a report on Wednesday, January 3rd. They issued a buy rating and a $25.00 price target for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $21.38.

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Shares of Uniqure stock opened at $21.96 on Wednesday. The firm has a market cap of $714.79, a price-to-earnings ratio of -7.47 and a beta of 0.18. The company has a quick ratio of 8.46, a current ratio of 8.46 and a debt-to-equity ratio of 0.22. Uniqure has a one year low of $4.72 and a one year high of $27.19.

Uniqure (NASDAQ:QURE) last announced its quarterly earnings data on Wednesday, March 14th. The biotechnology company reported ($0.91) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.68) by ($0.23). The firm had revenue of $2.58 million for the quarter, compared to analysts’ expectations of $2.83 million. Uniqure had a negative return on equity of 174.25% and a negative net margin of 604.72%. equities research analysts forecast that Uniqure will post -3.21 earnings per share for the current year.

In related news, insider Deventer Sander Van sold 5,985 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $18.53, for a total value of $110,902.05. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew C. Kapusta sold 39,169 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $21.72, for a total transaction of $850,750.68. Following the completion of the sale, the chief executive officer now directly owns 439,764 shares in the company, valued at $9,551,674.08. The disclosure for this sale can be found here. Insiders sold a total of 48,032 shares of company stock valued at $1,014,982 in the last quarter. Insiders own 0.73% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new stake in Uniqure in the 4th quarter valued at about $119,000. Perceptive Advisors LLC grew its stake in Uniqure by 0.8% in the 4th quarter. Perceptive Advisors LLC now owns 1,047,950 shares of the biotechnology company’s stock valued at $20,529,000 after acquiring an additional 7,831 shares during the last quarter. Ellington Management Group LLC acquired a new stake in Uniqure in the 4th quarter valued at about $237,000. Goldman Sachs Group Inc. acquired a new stake in Uniqure in the 4th quarter valued at about $373,000. Finally, Virtus Fund Advisers LLC acquired a new stake in Uniqure in the 4th quarter valued at about $389,000. 42.76% of the stock is currently owned by hedge funds and other institutional investors.

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About Uniqure

uniQure N.V., a biopharmaceutical company, engages in the discovery, development, and commercialization of gene therapies in the Netherlands. The company's principle programs include AMT-060, a gene therapy that has completed Phase I/II clinical trial for the treatment of hemophilia B; S100A1, a preclinical product candidate for the treatment of congestive heart failure; and AMT-130 for the treatment of huntington's disease.

Analyst Recommendations for Uniqure (NASDAQ:QURE)

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