FibroGen Inc (FGEN) CEO Thomas B. Neff Sells 39,636 Shares
FibroGen Inc (NASDAQ:FGEN) CEO Thomas B. Neff sold 39,636 shares of the stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $36.34, for a total transaction of $1,440,372.24. Following the completion of the sale, the chief executive officer now owns 2,527,044 shares of the company’s stock, valued at approximately $91,832,778.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of FGEN opened at $37.32 on Friday. FibroGen Inc has a 12 month low of $33.51 and a 12 month high of $68.55. The company has a current ratio of 6.16, a quick ratio of 6.16 and a debt-to-equity ratio of 0.09.
FibroGen (NASDAQ:FGEN) last announced its quarterly earnings results on Thursday, May 9th. The biopharmaceutical company reported ($0.53) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.68) by $0.15. FibroGen had a negative net margin of 44.14% and a negative return on equity of 17.71%. The company had revenue of $23.90 million for the quarter, compared to analyst estimates of $20.44 million. During the same quarter in the prior year, the business posted ($0.50) EPS. FibroGen’s quarterly revenue was down 25.1% on a year-over-year basis. As a group, equities research analysts forecast that FibroGen Inc will post -0.9 earnings per share for the current year.
A number of equities research analysts have issued reports on the stock. Stifel Nicolaus assumed coverage on shares of FibroGen in a research report on Monday, February 11th. They issued a “buy” rating and a $71.00 target price for the company. ValuEngine downgraded shares of FibroGen from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 14th. BidaskClub lowered shares of FibroGen from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 22nd. TheStreet upgraded shares of FibroGen from a “d+” rating to a “c-” rating in a research note on Friday, March 29th. Finally, Zacks Investment Research lowered shares of FibroGen from a “buy” rating to a “hold” rating in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. FibroGen currently has a consensus rating of “Hold” and a consensus target price of $68.50.
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FibroGen Company Profile
FibroGen, Inc, a biopharmaceutical company, discovers, develops, and commercializes therapeutics to treat serious unmet medical needs. It is developing Roxadustat, an oral small molecule inhibitor of hypoxia inducible factor prolyl hydroxylases (HIF-PHs) that is in Phase III clinical development for the treatment of anemia in chronic kidney disease in the United States and Europe; and in Phase II/III development in China for anemia associated with myelodysplastic syndromes.
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