Insys Therapeutics (NASDAQ:INSY) announced its quarterly earnings data on Monday. The specialty pharmaceutical company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of ($0.32) by ($0.08), Morningstar.com reports. Insys Therapeutics had a negative return on equity of 130.43% and a negative net margin of 238.31%. The company had revenue of $18.30 million for the quarter, compared to analyst estimates of $24.05 million. During the same period last year, the firm earned ($2.30) earnings per share. The firm’s revenue for the quarter was down 40.4% on a year-over-year basis.
Shares of Insys Therapeutics stock traded down $0.99 during trading on Tuesday, reaching $7.54. 53,945 shares of the company were exchanged, compared to its average volume of 388,011. Insys Therapeutics has a twelve month low of $4.90 and a twelve month high of $14.00. The stock has a market cap of $664.49 million, a PE ratio of -15.39 and a beta of 1.67.
A number of brokerages recently commented on INSY. ValuEngine raised Insys Therapeutics from a “hold” rating to a “buy” rating in a research note on Wednesday, August 15th. Zacks Investment Research cut Insys Therapeutics from a “hold” rating to a “sell” rating in a research note on Wednesday, August 15th. Royal Bank of Canada reaffirmed a “buy” rating and set a $9.00 price objective on shares of Insys Therapeutics in a research note on Thursday, August 9th. Piper Jaffray Companies set a $4.00 price objective on Insys Therapeutics and gave the stock a “sell” rating in a research note on Saturday, August 11th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $10.00 price objective on shares of Insys Therapeutics in a research note on Friday, August 10th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Insys Therapeutics has a consensus rating of “Hold” and an average price target of $7.67.
A number of large investors have recently bought and sold shares of INSY. Tower Research Capital LLC TRC acquired a new position in Insys Therapeutics in the second quarter valued at about $131,000. Creative Planning acquired a new position in Insys Therapeutics in the third quarter valued at about $153,000. JPMorgan Chase & Co. grew its stake in Insys Therapeutics by 303.5% in the first quarter. JPMorgan Chase & Co. now owns 25,624 shares of the specialty pharmaceutical company’s stock valued at $155,000 after acquiring an additional 19,273 shares during the period. BNP Paribas Arbitrage SA grew its stake in Insys Therapeutics by 47.4% in the second quarter. BNP Paribas Arbitrage SA now owns 31,105 shares of the specialty pharmaceutical company’s stock valued at $225,000 after acquiring an additional 10,001 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Insys Therapeutics by 35.3% in the third quarter. Wells Fargo & Company MN now owns 77,101 shares of the specialty pharmaceutical company’s stock valued at $778,000 after acquiring an additional 20,100 shares during the period. 18.04% of the stock is owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY WARNING: This news story was reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another publication, it was illegally copied and republished in violation of United States and international trademark and copyright laws. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/11/06/insys-therapeutics-insy-posts-earnings-results-misses-expectations-by-0-08-eps.html.
Insys Therapeutics Company Profile
Insys Therapeutics, Inc, a specialty pharmaceutical company, develops and commercializes supportive care products. The company markets SUBSYS, a sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant adult patients; and SYNDROS, an orally administered liquid formulation of dronabinol for the treatment of chemotherapy-induced nausea and vomiting, and anorexia associated with weight loss in patients with AIDS.
Read More: What is the Rule of 72?
Receive News & Ratings for Insys Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Insys Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.