BidaskClub lowered shares of Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) (TSE:AUP) from a hold rating to a sell rating in a report issued on Friday morning.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Aurinia Pharmaceuticals from a hold rating to a sell rating in a research report on Tuesday, June 27th. HC Wainwright reduced their price objective on shares of Aurinia Pharmaceuticals from $12.00 to $10.00 and set a buy rating on the stock in a research report on Thursday, May 18th. Cantor Fitzgerald reiterated a buy rating and set a $14.00 price objective on shares of Aurinia Pharmaceuticals in a research report on Friday, April 21st. Finally, FBR & Co reiterated an outperform rating on shares of Aurinia Pharmaceuticals in a research report on Tuesday, April 11th. Two investment analysts have rated the stock with a sell rating and eight have assigned a buy rating to the stock. The company has a consensus rating of Buy and a consensus target price of $9.28.

Aurinia Pharmaceuticals (NASDAQ:AUPH) opened at 6.31 on Friday. The company’s market cap is $525.45 million. Aurinia Pharmaceuticals has a one year low of $1.74 and a one year high of $10.54. The stock has a 50 day moving average of $6.38 and a 200-day moving average of $6.00.

Aurinia Pharmaceuticals (NASDAQ:AUPH) (TSE:AUP) last issued its quarterly earnings results on Monday, May 15th. The biotechnology company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of ($0.12) by $0.08. Aurinia Pharmaceuticals had a negative net margin of 48,278.23% and a negative return on equity of 50.53%. The firm had revenue of $0.03 million for the quarter, compared to analysts’ expectations of $0.05 million. On average, equities analysts predict that Aurinia Pharmaceuticals will post ($0.74) EPS for the current fiscal year.

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Large investors have recently added to or reduced their stakes in the stock. Ironwood Investment Management LLC boosted its stake in Aurinia Pharmaceuticals by 54.9% in the second quarter. Ironwood Investment Management LLC now owns 159,092 shares of the biotechnology company’s stock valued at $975,000 after buying an additional 56,362 shares during the last quarter. Cutler Capital Management LLC acquired a new stake in shares of Aurinia Pharmaceuticals during the second quarter valued at $184,000. Creative Planning boosted its stake in shares of Aurinia Pharmaceuticals by 6,470.6% in the second quarter. Creative Planning now owns 164,265 shares of the biotechnology company’s stock valued at $1,007,000 after buying an additional 161,765 shares in the last quarter. UBS Oconnor LLC acquired a new stake in shares of Aurinia Pharmaceuticals during the first quarter valued at $2,936,000. Finally, Jane Street Group LLC acquired a new stake in shares of Aurinia Pharmaceuticals during the first quarter valued at $155,000. Hedge funds and other institutional investors own 29.41% of the company’s stock.

Aurinia Pharmaceuticals Company Profile

Aurinia Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company operating in the field of nephrology and autoimmunity. The Company’s primary business is the development of a therapeutic drug to treat autoimmune diseases, in particular lupus nephritis (LN). It is focused on the development of its lead compound voclosporin, a therapeutic immunomodulating drug candidate, which is a second-generation calcineurin inhibitors (CNI) to treat patients afflicted with LN.

Analyst Recommendations for Aurinia Pharmaceuticals (NASDAQ:AUPH)

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