Viking Therapeutics (VKTX) Shares Gap Up to $8.00
Viking Therapeutics Inc (NASDAQ:VKTX) gapped up prior to trading on Thursday . The stock had previously closed at $7.80, but opened at $8.00. Viking Therapeutics shares last traded at $8.28, with a volume of 2185992 shares changing hands.
Several analysts recently weighed in on VKTX shares. Maxim Group reaffirmed a “buy” rating and issued a $28.00 target price on shares of Viking Therapeutics in a report on Thursday, November 8th. Roth Capital boosted their target price on shares of Viking Therapeutics from $13.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, September 19th. BidaskClub lowered shares of Viking Therapeutics from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. William Blair restated a “market perform” rating on shares of Viking Therapeutics in a research report on Monday, October 1st. Finally, Raymond James upgraded shares of Viking Therapeutics from an “outperform” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research report on Monday, November 19th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $26.29.
The company has a market capitalization of $608.84 million, a PE ratio of -10.48 and a beta of 3.01.
A number of hedge funds have recently made changes to their positions in VKTX. FMR LLC acquired a new position in Viking Therapeutics in the 3rd quarter valued at about $125,858,000. BlackRock Inc. grew its holdings in Viking Therapeutics by 681.0% in the 2nd quarter. BlackRock Inc. now owns 2,938,645 shares of the biotechnology company’s stock valued at $27,888,000 after buying an additional 2,562,356 shares during the period. Jennison Associates LLC purchased a new stake in Viking Therapeutics in the 3rd quarter valued at about $9,501,000. Vanguard Group Inc. grew its holdings in Viking Therapeutics by 21.4% in the 3rd quarter. Vanguard Group Inc. now owns 2,877,287 shares of the biotechnology company’s stock valued at $50,123,000 after buying an additional 508,097 shares during the period. Finally, Vanguard Group Inc grew its holdings in Viking Therapeutics by 21.4% in the 3rd quarter. Vanguard Group Inc now owns 2,877,287 shares of the biotechnology company’s stock valued at $50,123,000 after buying an additional 508,097 shares during the period. 59.79% of the stock is owned by hedge funds and other institutional investors.
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Viking Therapeutics Company Profile (NASDAQ:VKTX)
Viking Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on the development of novel therapies for metabolic and endocrine disorders. Its lead clinical program, VK5211, is an orally available, non-steroidal selective androgen receptor modulator in Phase II development for the treatment of patients recovering from non-elective hip fracture surgery; in Phase I clinical trials for improving lean body mass; and in pre-clinical trial for improving bone mineral density, bone mineral content, bone strength, and other measures.
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