Ultragenyx Pharmaceutical (RARE) Upgraded at BidaskClub
BidaskClub upgraded shares of Ultragenyx Pharmaceutical (NASDAQ:RARE) from a hold rating to a buy rating in a report issued on Saturday.
Several other equities analysts have also recently commented on RARE. Raymond James Financial restated a buy rating on shares of Ultragenyx Pharmaceutical in a report on Friday, December 15th. Zacks Investment Research cut shares of Ultragenyx Pharmaceutical from a hold rating to a sell rating in a report on Wednesday, January 10th. Credit Suisse Group started coverage on shares of Ultragenyx Pharmaceutical in a report on Wednesday, January 17th. They set an outperform rating and a $67.00 price target on the stock. Evercore ISI upgraded shares of Ultragenyx Pharmaceutical from an in-line rating to an outperform rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus reiterated a buy rating and issued a $74.00 price objective (down from $85.00) on shares of Ultragenyx Pharmaceutical in a report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and fifteen have given a buy rating to the company. Ultragenyx Pharmaceutical currently has an average rating of Buy and an average target price of $68.76.
Ultragenyx Pharmaceutical stock opened at $53.82 on Friday. Ultragenyx Pharmaceutical has a 12 month low of $41.67 and a 12 month high of $71.99. The firm has a market cap of $2,635.06, a PE ratio of -7.18 and a beta of 1.82.
Large investors have recently modified their holdings of the stock. Ladenburg Thalmann Financial Services Inc. boosted its holdings in Ultragenyx Pharmaceutical by 1,246.9% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,273 shares of the biopharmaceutical company’s stock valued at $152,000 after acquiring an additional 3,030 shares during the period. SG Americas Securities LLC bought a new stake in Ultragenyx Pharmaceutical during the third quarter valued at about $156,000. Xact Kapitalforvaltning AB bought a new stake in Ultragenyx Pharmaceutical during the fourth quarter valued at about $205,000. B. Riley Financial Inc. bought a new stake in Ultragenyx Pharmaceutical during the fourth quarter valued at about $213,000. Finally, Aperio Group LLC bought a new stake in Ultragenyx Pharmaceutical during the fourth quarter valued at about $254,000. Hedge funds and other institutional investors own 87.19% of the company’s stock.
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Ultragenyx Pharmaceutical Company Profile
Ultragenyx Pharmaceutical Inc, a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of various products for the treatment of rare and ultra-rare genetic diseases in the United States. Its biologics product candidate includes Mepsevii, an enzyme replacement therapy for the treatment of children and adults with Mucopolysaccharidosis VII.
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