Esperion Therapeutics (ESPR) Rating Lowered to Hold at BidaskClub
Esperion Therapeutics (NASDAQ:ESPR) was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.
Other research analysts have also recently issued research reports about the company. Stifel Nicolaus set a $105.00 price objective on Esperion Therapeutics and gave the stock a “buy” rating in a research report on Wednesday, March 7th. UBS set a $88.00 price objective on Esperion Therapeutics and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Bank of America upgraded Esperion Therapeutics from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a research report on Friday, January 5th. Deutsche Bank increased their price objective on Esperion Therapeutics to $100.00 and gave the stock a “buy” rating in a research report on Friday, March 9th. Finally, ValuEngine upgraded Esperion Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, February 2nd. Seven equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $90.62.
Esperion Therapeutics (NASDAQ ESPR) opened at $75.32 on Tuesday. The firm has a market capitalization of $1,961.21, a price-to-earnings ratio of -10.73 and a beta of 2.45. Esperion Therapeutics has a 12-month low of $30.95 and a 12-month high of $82.68.
In other news, Director Nicole Vitullo sold 11,674 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $71.79, for a total transaction of $838,076.46. Following the sale, the director now directly owns 3,177 shares of the company’s stock, valued at approximately $228,076.83. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 32.50% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. acquired a new stake in Esperion Therapeutics in the fourth quarter valued at about $222,000. BB&T Securities LLC acquired a new stake in Esperion Therapeutics in the fourth quarter valued at about $263,000. First Mercantile Trust Co. boosted its stake in Esperion Therapeutics by 56.0% in the fourth quarter. First Mercantile Trust Co. now owns 4,233 shares of the biopharmaceutical company’s stock valued at $279,000 after buying an additional 1,519 shares in the last quarter. Creative Planning acquired a new stake in Esperion Therapeutics in the fourth quarter valued at about $314,000. Finally, Oakmont Partners LLC acquired a new stake in Esperion Therapeutics in the fourth quarter valued at about $323,000. 91.66% of the stock is currently owned by institutional investors and hedge funds.
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Esperion Therapeutics Company Profile
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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