Ultragenyx Pharmaceutical Inc. (NASDAQ:RARE)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $43.83 and last traded at $45.24, with a volume of 405800 shares changing hands. The stock had previously closed at $45.57.

RARE has been the topic of several research reports. Evercore ISI initiated coverage on Ultragenyx Pharmaceutical in a research note on Wednesday, August 16th. They set an “in-line” rating and a $63.00 price target on the stock. SunTrust Banks lowered Ultragenyx Pharmaceutical from a “buy” rating to a “hold” rating and cut their price target for the company from $105.00 to $55.00 in a research note on Wednesday, August 23rd. Canaccord Genuity reaffirmed a “buy” rating and set a $83.00 price target (down previously from $98.00) on shares of Ultragenyx Pharmaceutical in a research note on Tuesday, August 22nd. Cowen reaffirmed an “outperform” rating on shares of Ultragenyx Pharmaceutical in a research note on Wednesday, August 23rd. Finally, Leerink Swann reaffirmed an “outperform” rating and set a $83.00 price target (down previously from $89.00) on shares of Ultragenyx Pharmaceutical in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $72.40.

Ultragenyx Pharmaceutical (NASDAQ:RARE) last released its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($1.87) EPS for the quarter, meeting analysts’ consensus estimates of ($1.87). The company had revenue of $0.20 million during the quarter, compared to the consensus estimate of $0.02 million. The company’s revenue for the quarter was up 81.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.64) EPS. research analysts anticipate that Ultragenyx Pharmaceutical Inc. will post -7.27 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sei Investments Co. bought a new stake in Ultragenyx Pharmaceutical in the second quarter valued at about $125,000. SG Americas Securities LLC bought a new stake in Ultragenyx Pharmaceutical in the third quarter valued at about $156,000. Tocqueville Asset Management L.P. increased its holdings in Ultragenyx Pharmaceutical by 8.0% in the second quarter. Tocqueville Asset Management L.P. now owns 3,375 shares of the biopharmaceutical company’s stock valued at $210,000 after purchasing an additional 250 shares during the last quarter. Pacer Advisors Inc. increased its holdings in Ultragenyx Pharmaceutical by 12.0% in the second quarter. Pacer Advisors Inc. now owns 3,402 shares of the biopharmaceutical company’s stock valued at $211,000 after purchasing an additional 365 shares during the last quarter. Finally, Kazazian Asset Management LLC bought a new stake in shares of Ultragenyx Pharmaceutical in the second quarter worth about $213,000. Institutional investors and hedge funds own 94.13% of the company’s stock.

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About Ultragenyx Pharmaceutical

Ultragenyx Pharmaceutical Inc is a clinical-stage biopharmaceutical company. The Company is focused on the identification, acquisition, development, and commercialization of products for the treatment of genetic diseases. Its clinical-stage pipeline consists of two product categories: biologics (including a monoclonal antibody and an enzyme replacement therapy), and small-molecule substrate replacement therapies.

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