Neurocrine Biosciences (NASDAQ:NBIX) had its price objective boosted by Jefferies Group to $105.00 in a research note issued to investors on Friday morning, The Fly reports. Jefferies Group currently has a buy rating on the stock. Jefferies Group also issued estimates for Neurocrine Biosciences’ Q1 2018 earnings at ($0.26) EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at ($0.13) EPS, Q4 2018 earnings at ($0.13) EPS and FY2022 earnings at $8.08 EPS.

NBIX has been the topic of several other reports. Robert W. Baird reissued a buy rating and issued a $84.00 target price on shares of Neurocrine Biosciences in a research report on Friday, November 3rd. Piper Jaffray Companies reissued a buy rating and issued a $76.00 target price on shares of Neurocrine Biosciences in a research report on Wednesday, October 25th. Deutsche Bank reissued a buy rating and issued a $79.00 target price on shares of Neurocrine Biosciences in a research report on Thursday, November 2nd. BMO Capital Markets reissued an outperform rating and issued a $84.00 target price on shares of Neurocrine Biosciences in a research report on Thursday, October 5th. Finally, Oppenheimer raised their target price on shares of Neurocrine Biosciences from $70.00 to $85.00 and gave the stock an outperform rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a hold rating and eighteen have issued a buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $81.13.

Neurocrine Biosciences (NASDAQ NBIX) traded up $1.45 on Friday, hitting $81.73. 895,300 shares of the company traded hands, compared to its average volume of 1,149,450. The company has a debt-to-equity ratio of 1.05, a current ratio of 14.38 and a quick ratio of 14.37. Neurocrine Biosciences has a twelve month low of $38.43 and a twelve month high of $83.57. The firm has a market capitalization of $7,232.54, a PE ratio of -36.82 and a beta of 0.35.

Neurocrine Biosciences (NASDAQ:NBIX) last released its earnings results on Wednesday, November 1st. The company reported ($0.13) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.49) by $0.36. The company had revenue of $60.77 million during the quarter, compared to analyst estimates of $29.38 million. During the same period in the prior year, the business posted ($0.43) earnings per share. research analysts expect that Neurocrine Biosciences will post -1.66 earnings per share for the current year.

In other news, insider Dimitri E. Grigoriadis sold 30,000 shares of Neurocrine Biosciences stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $74.58, for a total transaction of $2,237,400.00. Following the sale, the insider now owns 77,691 shares in the company, valued at $5,794,194.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kyle Gano sold 24,818 shares of Neurocrine Biosciences stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $71.05, for a total transaction of $1,763,318.90. Following the sale, the insider now owns 84,596 shares in the company, valued at approximately $6,010,545.80. The disclosure for this sale can be found here. Insiders have sold 116,405 shares of company stock worth $8,588,519 in the last quarter. Insiders own 4.80% of the company’s stock.

Several large investors have recently modified their holdings of NBIX. Janus Henderson Group PLC bought a new stake in shares of Neurocrine Biosciences in the second quarter worth $246,888,000. HealthCor Management L.P. increased its stake in shares of Neurocrine Biosciences by 108.2% in the second quarter. HealthCor Management L.P. now owns 2,550,178 shares of the company’s stock worth $117,308,000 after buying an additional 1,325,178 shares during the last quarter. Perceptive Advisors LLC increased its stake in shares of Neurocrine Biosciences by 33.9% in the third quarter. Perceptive Advisors LLC now owns 4,791,589 shares of the company’s stock worth $293,629,000 after buying an additional 1,214,000 shares during the last quarter. FMR LLC increased its stake in shares of Neurocrine Biosciences by 9.8% in the second quarter. FMR LLC now owns 13,211,023 shares of the company’s stock worth $607,707,000 after buying an additional 1,180,874 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Neurocrine Biosciences by 53.3% in the second quarter. Goldman Sachs Group Inc. now owns 2,674,217 shares of the company’s stock worth $123,014,000 after buying an additional 930,268 shares during the last quarter.

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About Neurocrine Biosciences

Neurocrine Biosciences, Inc is engaged in discovering and developing pharmaceuticals, in diseases with unmet medical needs, through its research and development (R&D) platform, focused on neurological and endocrine based diseases and disorders. Its three lead late-stage clinical programs are elagolix, which is a gonadotropin-releasing hormone (GnRH) antagonist for endometriosis and uterine fibroids; INGREZZA (valbenazine), which is a vesicular monoamine transporter 2 (VMAT2) inhibitor, for the treatment of movement disorders, and opicapone, which is a selective catechol-O-methyltransferase inhibitor that is an adjunct therapy to preparations of levodopa/Dihydroxyphenylalanine (DOPA) decarboxylase inhibitors for adult patients with Parkinson’s disease.

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