Shares of Audentes Therapeutics Inc (NASDAQ:BOLD) have received a consensus rating of “Buy” from the eleven research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $37.00.

A number of equities analysts recently issued reports on BOLD shares. Zacks Investment Research downgraded shares of Audentes Therapeutics from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. BidaskClub downgraded shares of Audentes Therapeutics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Bank of America reissued a “buy” rating and issued a $33.00 price target (up from $23.00) on shares of Audentes Therapeutics in a research note on Friday, September 22nd. Leerink Swann reissued an “outperform” rating and issued a $29.00 price target (up from $22.00) on shares of Audentes Therapeutics in a research note on Wednesday, November 15th. Finally, Raymond James Financial started coverage on shares of Audentes Therapeutics in a research note on Thursday, October 12th. They issued a “market perform” rating for the company.

In other Audentes Therapeutics news, SVP Mary Newman sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $26.84, for a total transaction of $268,400.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Louis G. Lange sold 18,000 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $30.88, for a total transaction of $555,840.00. The disclosure for this sale can be found here. Insiders have sold 36,000 shares of company stock valued at $1,052,480 in the last ninety days. Insiders own 47.30% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in BOLD. SG Americas Securities LLC bought a new position in shares of Audentes Therapeutics during the third quarter valued at approximately $143,000. Nationwide Fund Advisors grew its holdings in shares of Audentes Therapeutics by 288.9% during the second quarter. Nationwide Fund Advisors now owns 8,594 shares of the biotechnology company’s stock valued at $164,000 after buying an additional 6,384 shares during the last quarter. State of Wisconsin Investment Board purchased a new stake in shares of Audentes Therapeutics during the second quarter valued at approximately $210,000. Rhumbline Advisers purchased a new stake in shares of Audentes Therapeutics during the second quarter valued at approximately $252,000. Finally, Virtu KCG Holdings LLC purchased a new stake in shares of Audentes Therapeutics during the second quarter valued at approximately $257,000. 78.95% of the stock is owned by institutional investors and hedge funds.

Audentes Therapeutics (NASDAQ BOLD) opened at $33.65 on Thursday. Audentes Therapeutics has a one year low of $13.90 and a one year high of $41.80. The stock has a market cap of $957.16 and a PE ratio of -9.67.

Audentes Therapeutics (NASDAQ:BOLD) last released its quarterly earnings results on Tuesday, November 14th. The biotechnology company reported ($0.88) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.88). equities analysts anticipate that Audentes Therapeutics will post -3.5 EPS for the current fiscal year.

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About Audentes Therapeutics

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).

Analyst Recommendations for Audentes Therapeutics (NASDAQ:BOLD)

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