Akebia Therapeutics, Inc. (NASDAQ:AKBA) Director Duane Nash sold 1,188 shares of the firm’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $19.64, for a total value of $23,332.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Akebia Therapeutics, Inc. (NASDAQ AKBA) traded down 1.35% during midday trading on Friday, hitting $18.97. The stock had a trading volume of 238,094 shares. Akebia Therapeutics, Inc. has a 1-year low of $7.16 and a 1-year high of $20.25. The firm’s market capitalization is $347.15 million. The company’s 50 day moving average price is $17.31 and its 200-day moving average price is $13.90.

Akebia Therapeutics (NASDAQ:AKBA) last announced its quarterly earnings results on Tuesday, August 8th. The biopharmaceutical company reported ($0.53) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.89) by $0.36. The company had revenue of $28.52 million during the quarter, compared to analyst estimates of $26.50 million. Equities analysts predict that Akebia Therapeutics, Inc. will post ($2.64) earnings per share for the current year.

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A number of institutional investors and hedge funds have recently made changes to their positions in AKBA. SG Americas Securities LLC acquired a new position in Akebia Therapeutics in the 2nd quarter valued at about $132,000. Legal & General Group Plc grew its stake in Akebia Therapeutics by 8.0% in the 2nd quarter. Legal & General Group Plc now owns 9,672 shares of the biopharmaceutical company’s stock valued at $142,000 after buying an additional 714 shares during the last quarter. Hartwell J M Limited Partnership acquired a new position in Akebia Therapeutics in the 2nd quarter valued at about $144,000. Creative Planning grew its stake in Akebia Therapeutics by 2.9% in the 2nd quarter. Creative Planning now owns 10,650 shares of the biopharmaceutical company’s stock valued at $153,000 after buying an additional 300 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in Akebia Therapeutics in the 2nd quarter valued at about $159,000. Institutional investors and hedge funds own 57.62% of the company’s stock.

AKBA has been the topic of several research analyst reports. BidaskClub downgraded Akebia Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. ValuEngine raised Akebia Therapeutics from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Zacks Investment Research downgraded Akebia Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, July 18th. Aegis reaffirmed a “buy” rating on shares of Akebia Therapeutics in a research report on Friday, June 30th. Finally, Royal Bank Of Canada initiated coverage on Akebia Therapeutics in a research report on Thursday, September 14th. They issued a “sector perform” rating and a $17.00 price target on the stock. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Akebia Therapeutics presently has an average rating of “Buy” and an average price target of $22.00.

Akebia Therapeutics Company Profile

Akebia Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of therapeutics based on hypoxia-inducible factor (HIF) biology. The Company’s lead product candidate, vadadustat, is indicated for the treatment of anemia in chronic kidney disease (CKD).

Insider Buying and Selling by Quarter for Akebia Therapeutics (NASDAQ:AKBA)

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