Esperion Therapeutics, Inc. (ESPR) Stock Rating Reaffirmed by Northland Securities
Esperion Therapeutics, Inc. (NASDAQ:ESPR)‘s stock had its “buy” rating reiterated by equities researchers at Northland Securities in a report issued on Wednesday. They presently have a $72.00 price objective on the biopharmaceutical company’s stock. Northland Securities’ price target would indicate a potential upside of 29.99% from the stock’s previous close.
Several other analysts have also commented on ESPR. UBS AG restated a “buy” rating and set a $57.00 price target (up previously from $52.00) on shares of Esperion Therapeutics in a research report on Tuesday, June 27th. Zacks Investment Research lowered shares of Esperion Therapeutics from a “hold” rating to a “sell” rating in a research report on Thursday, August 10th. Deutsche Bank AG set a $64.00 price target on shares of Esperion Therapeutics and gave the company a “buy” rating in a research report on Wednesday, August 9th. Stifel Nicolaus restated a “buy” rating and set a $70.00 price target (up previously from $60.00) on shares of Esperion Therapeutics in a research report on Thursday, August 10th. Finally, Bank of America Corporation restated a “neutral” rating and set a $60.00 price target on shares of Esperion Therapeutics in a research report on Friday, August 11th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Esperion Therapeutics has a consensus rating of “Buy” and a consensus target price of $55.35.
Esperion Therapeutics (ESPR) traded up 0.98% on Wednesday, hitting $55.90. 88,948 shares of the company were exchanged. The company’s market capitalization is $1.26 billion. The firm’s 50 day moving average is $49.53 and its 200 day moving average is $42.49. Esperion Therapeutics has a 52 week low of $9.40 and a 52 week high of $57.38.
Esperion Therapeutics (NASDAQ:ESPR) last released its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($1.92) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.67) by ($0.25). During the same quarter in the prior year, the business posted ($0.62) EPS. On average, equities research analysts forecast that Esperion Therapeutics will post ($7.29) earnings per share for the current fiscal year.
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Several large investors have recently bought and sold shares of ESPR. Boxer Capital LLC purchased a new position in shares of Esperion Therapeutics in the first quarter worth about $45,020,000. State Street Corp lifted its stake in shares of Esperion Therapeutics by 264.6% in the second quarter. State Street Corp now owns 1,506,514 shares of the biopharmaceutical company’s stock worth $69,721,000 after buying an additional 1,093,292 shares in the last quarter. RA Capital Management LLC purchased a new position in shares of Esperion Therapeutics in the first quarter worth about $24,883,000. Discovery Capital Management LLC CT lifted its stake in shares of Esperion Therapeutics by 152.9% in the second quarter. Discovery Capital Management LLC CT now owns 965,059 shares of the biopharmaceutical company’s stock worth $44,663,000 after buying an additional 583,529 shares in the last quarter. Finally, Meditor Group Ltd purchased a new position in shares of Esperion Therapeutics in the second quarter worth about $26,194,000. 83.30% of the stock is currently owned by hedge funds and other institutional investors.
About Esperion Therapeutics
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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