Analysts Set Esperion Therapeutics, Inc. (ESPR) PT at $61.92
Shares of Esperion Therapeutics, Inc. (NASDAQ:ESPR) have earned a consensus rating of “Buy” from the sixteen ratings firms that are covering the firm, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $61.92.
A number of equities analysts recently commented on the company. BidaskClub downgraded Esperion Therapeutics from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Chardan Capital upped their target price on Esperion Therapeutics from $20.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, December 6th. Northland Securities reaffirmed a “buy” rating and issued a $72.00 price target on shares of Esperion Therapeutics in a research note on Friday, November 10th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $70.00 price target on shares of Esperion Therapeutics in a research note on Wednesday, October 4th. Finally, Cowen initiated coverage on Esperion Therapeutics in a research note on Thursday, September 7th. They issued an “outperform” rating and a $64.00 price target on the stock.
In related news, Director Nicole Vitullo sold 9,326 shares of the stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $53.85, for a total transaction of $502,205.10. Following the sale, the director now directly owns 2,472 shares of the company’s stock, valued at $133,117.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 32.50% of the company’s stock.
Shares of Esperion Therapeutics (ESPR) traded up $1.05 during mid-day trading on Friday, reaching $57.13. The company’s stock had a trading volume of 340,633 shares, compared to its average volume of 1,014,400. Esperion Therapeutics has a 12-month low of $10.71 and a 12-month high of $65.20.
Esperion Therapeutics (NASDAQ:ESPR) last announced its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($1.86) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.79) by ($0.07). During the same quarter in the previous year, the company posted ($0.77) earnings per share. equities research analysts forecast that Esperion Therapeutics will post -7.3 EPS for the current fiscal year.
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About Esperion Therapeutics
Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.
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