Brokerages Set Ultragenyx Pharmaceutical Inc (RARE) PT at $72.86
Shares of Ultragenyx Pharmaceutical Inc (NASDAQ:RARE) have earned an average recommendation of “Buy” from the twenty-one research firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and twelve have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $72.86.
RARE has been the topic of several research reports. Canaccord Genuity set a $80.00 target price on Ultragenyx Pharmaceutical and gave the company a “buy” rating in a research report on Tuesday, December 5th. Barclays raised their target price on Ultragenyx Pharmaceutical from $60.00 to $62.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 5th. Evercore ISI upgraded Ultragenyx Pharmaceutical from an “in-line” rating to an “outperform” rating in a research report on Monday, January 22nd. Zacks Investment Research upgraded Ultragenyx Pharmaceutical from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, BidaskClub downgraded Ultragenyx Pharmaceutical from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th.
Ultragenyx Pharmaceutical (RARE) traded down $2.08 during midday trading on Friday, hitting $51.27. The stock had a trading volume of 801,763 shares, compared to its average volume of 693,617. The stock has a market capitalization of $2,578.08, a P/E ratio of -7.43 and a beta of 1.83. Ultragenyx Pharmaceutical has a 1-year low of $43.14 and a 1-year high of $91.35.
A number of hedge funds have recently bought and sold shares of RARE. SG Americas Securities LLC acquired a new stake in Ultragenyx Pharmaceutical during the third quarter worth $156,000. Kazazian Asset Management LLC acquired a new stake in Ultragenyx Pharmaceutical during the second quarter worth $213,000. Fox Run Management L.L.C. acquired a new stake in Ultragenyx Pharmaceutical during the third quarter worth $213,000. Ameritas Investment Partners Inc. increased its stake in Ultragenyx Pharmaceutical by 7.7% during the second quarter. Ameritas Investment Partners Inc. now owns 3,474 shares of the biopharmaceutical company’s stock worth $216,000 after acquiring an additional 248 shares during the last quarter. Finally, Amalgamated Bank increased its stake in Ultragenyx Pharmaceutical by 7.6% during the second quarter. Amalgamated Bank now owns 4,980 shares of the biopharmaceutical company’s stock worth $309,000 after acquiring an additional 352 shares during the last quarter. 94.08% of the stock is owned by institutional investors.
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Ultragenyx Pharmaceutical Company Profile
Ultragenyx Pharmaceutical Inc is a clinical-stage biopharmaceutical company. The Company is focused on the identification, acquisition, development, and commercialization of products for the treatment of genetic diseases. Its clinical-stage pipeline consists of two product categories: biologics (including a monoclonal antibody and an enzyme replacement therapy), and small-molecule substrate replacement therapies.
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