Audentes Therapeutics (BOLD) Coverage Initiated by Analysts at HC Wainwright
HC Wainwright initiated coverage on shares of Audentes Therapeutics (NASDAQ:BOLD) in a report issued on Wednesday morning. The firm issued a buy rating and a $37.00 target price on the biotechnology company’s stock.
Other analysts have also issued research reports about the stock. BidaskClub upgraded shares of Audentes Therapeutics from a buy rating to a strong-buy rating in a research note on Wednesday. Bank of America reiterated a buy rating and issued a $33.00 price objective (up previously from $23.00) on shares of Audentes Therapeutics in a research note on Friday, September 22nd. Raymond James Financial assumed coverage on shares of Audentes Therapeutics in a research note on Thursday, October 12th. They issued a market perform rating for the company. William Blair assumed coverage on shares of Audentes Therapeutics in a research note on Tuesday, October 17th. They issued an outperform rating and a $35.00 price objective for the company. Finally, ValuEngine lowered shares of Audentes Therapeutics from a hold rating to a sell rating in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $29.38.
Audentes Therapeutics (BOLD) traded down $0.40 during trading on Wednesday, reaching $31.02. 203,100 shares of the company’s stock traded hands, compared to its average volume of 152,465. Audentes Therapeutics has a 52-week low of $13.90 and a 52-week high of $33.43.
In other Audentes Therapeutics news, VP Suyash Prasad sold 8,000 shares of the business’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $28.53, for a total transaction of $228,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP David Nagler sold 3,750 shares of the business’s stock in a transaction on Wednesday, September 27th. The shares were sold at an average price of $30.00, for a total transaction of $112,500.00. Following the sale, the senior vice president now owns 3,750 shares of the company’s stock, valued at approximately $112,500. The disclosure for this sale can be found here. Insiders have sold a total of 747,750 shares of company stock valued at $21,112,750 in the last 90 days. 47.30% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in BOLD. Bank of America Corp DE increased its stake in Audentes Therapeutics by 22.6% during the 1st quarter. Bank of America Corp DE now owns 23,399 shares of the biotechnology company’s stock valued at $399,000 after purchasing an additional 4,310 shares in the last quarter. TD Asset Management Inc. increased its stake in Audentes Therapeutics by 2.4% during the 2nd quarter. TD Asset Management Inc. now owns 25,280 shares of the biotechnology company’s stock valued at $484,000 after purchasing an additional 598 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Audentes Therapeutics by 139.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 25,600 shares of the biotechnology company’s stock valued at $490,000 after purchasing an additional 14,900 shares in the last quarter. Rhumbline Advisers bought a new stake in Audentes Therapeutics during the 2nd quarter valued at $252,000. Finally, State of Wisconsin Investment Board bought a new stake in Audentes Therapeutics during the 2nd quarter valued at $210,000. Institutional investors and hedge funds own 78.95% of the company’s stock.
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Audentes Therapeutics Company Profile
Audentes Therapeutics, Inc is an early-stage biotechnology company. The Company is focused on developing and commercializing gene therapy products for patients suffering from serious, life-threatening rare diseases caused by single gene defects. The Company has a portfolio of product candidates, including AT132 for the treatment of X-Linked Myotubular Myopathy (XLMTM); AT342 for the treatment of Crigler-Najjar Syndrome (Crigler-Najjar); AT982 for the treatment of Pompe disease, and AT307 for the treatment of the CASQ2 subtype of Catecholaminergic Polymorphic Ventricular Tachycardia (CASQ2-CPVT).
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