Radius Health (RDUS) Stock Price Up 15.3%
Radius Health Inc (NASDAQ:RDUS) rose 15.3% during trading on Friday . The stock traded as high as $32.33 and last traded at $31.60. Approximately 3,177,575 shares were traded during trading, an increase of 226% from the average daily volume of 974,337 shares. The stock had previously closed at $27.41.
RDUS has been the topic of several recent analyst reports. Zacks Investment Research cut Radius Health from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Goldman Sachs Group reissued a “neutral” rating and set a $45.00 target price on shares of Radius Health in a report on Friday, October 6th. Maxim Group reissued a “positive” rating on shares of Radius Health in a report on Friday, September 29th. They noted that the move was a valuation call. Jefferies Group dropped their target price on Radius Health from $38.00 to $31.00 and set a “hold” rating on the stock in a report on Friday, November 3rd. Finally, Cantor Fitzgerald reissued a “buy” rating and set a $58.00 target price on shares of Radius Health in a report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $48.00.
The company has a debt-to-equity ratio of 0.53, a current ratio of 12.87 and a quick ratio of 12.79.
Radius Health (NASDAQ:RDUS) last posted its quarterly earnings results on Thursday, November 2nd. The biopharmaceutical company reported ($1.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.28) by ($0.03). The business had revenue of $13.50 million for the quarter, compared to analysts’ expectations of $6.90 million. During the same quarter last year, the business posted ($1.07) EPS. research analysts expect that Radius Health Inc will post -5.57 EPS for the current year.
In other news, major shareholder Growth N. V. Biotech acquired 50,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $26.25 per share, for a total transaction of $1,312,500.00. Following the transaction, the insider now owns 5,698,799 shares in the company, valued at approximately $149,593,473.75. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Growth N. V. Biotech acquired 150,000 shares of the stock in a transaction on Thursday, September 14th. The shares were purchased at an average price of $33.45 per share, for a total transaction of $5,017,500.00. Following the completion of the transaction, the insider now owns 5,448,799 shares in the company, valued at approximately $182,262,326.55. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 367,678 shares of company stock worth $11,746,498. 15.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of RDUS. Cubist Systematic Strategies LLC purchased a new position in Radius Health during the 3rd quarter worth approximately $110,000. Sei Investments Co. boosted its stake in shares of Radius Health by 27.7% during the 2nd quarter. Sei Investments Co. now owns 3,180 shares of the biopharmaceutical company’s stock valued at $144,000 after buying an additional 690 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Radius Health by 19.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,266 shares of the biopharmaceutical company’s stock valued at $148,000 after buying an additional 541 shares during the period. Advisor Group Inc. boosted its stake in shares of Radius Health by 267.2% during the 2nd quarter. Advisor Group Inc. now owns 3,969 shares of the biopharmaceutical company’s stock valued at $180,000 after buying an additional 2,888 shares during the period. Finally, Blair William & Co. IL acquired a new stake in shares of Radius Health during the 2nd quarter valued at $205,000.
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Radius Health Company Profile
Radius Health, Inc is a biopharmaceutical company. The Company is focused on the developing therapeutics in the areas of osteoporosis, oncology and endocrine diseases. The Company’s lead investigational product candidate, TYMLOS (abaloparatide-SC) injection is developed for the treatment of postmenopausal women with osteoporosis at high risk for fracture.
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