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Lantheus (NASDAQ:LNTH) PT Raised to $110.00

kopsource ·  Aug 5, 2022 11:41

Lantheus (NASDAQ:LNTH – Get Rating) had its target price upped by equities researchers at SVB Leerink from $100.00 to $110.00 in a research report issued on Friday, Benzinga reports. The firm currently has an "outperform" rating on the medical equipment provider's stock. SVB Leerink's target price indicates a potential upside of 44.70% from the stock's current price.

Other equities research analysts also recently issued reports about the company. Truist Financial raised their price target on Lantheus from $77.00 to $94.00 in a research report on Monday, May 2nd. B. Riley began coverage on Lantheus in a research report on Monday, May 9th. They issued a "buy" rating and a $91.00 price target on the stock.

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Lantheus Stock Up 6.7 %

Lantheus stock traded up $4.78 during mid-day trading on Friday, hitting $76.02. 26,297 shares of the company's stock were exchanged, compared to its average volume of 1,226,595. The company has a current ratio of 1.83, a quick ratio of 1.64 and a debt-to-equity ratio of 0.31. The stock has a market cap of $5.22 billion, a P/E ratio of -133.11 and a beta of 0.79. Lantheus has a 1-year low of $22.20 and a 1-year high of $81.43. The stock has a 50 day moving average of $67.69 and a two-hundred day moving average of $55.21.

Lantheus (NASDAQ:LNTH – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The medical equipment provider reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.25. The company had revenue of $223.80 million for the quarter, compared to the consensus estimate of $204.51 million. Lantheus had a positive return on equity of 19.83% and a negative net margin of 6.89%. The firm's revenue was up 121.4% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share. As a group, analysts anticipate that Lantheus will post 2.84 EPS for the current fiscal year.

Insider Activity at Lantheus

In related news, CAO Andrea Sabens sold 1,093 shares of the stock in a transaction dated Monday, July 18th. The shares were sold at an average price of $71.47, for a total value of $78,116.71. Following the completion of the sale, the chief accounting officer now owns 63,162 shares in the company, valued at $4,514,188.14. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Gerard Ber sold 1,277 shares of Lantheus stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $58.19, for a total value of $74,308.63. Following the completion of the transaction, the director now owns 32,703 shares in the company, valued at $1,902,987.57. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Andrea Sabens sold 1,093 shares of Lantheus stock in a transaction that occurred on Monday, July 18th. The shares were sold at an average price of $71.47, for a total transaction of $78,116.71. Following the completion of the transaction, the chief accounting officer now owns 63,162 shares of the company's stock, valued at approximately $4,514,188.14. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,798 shares of company stock worth $1,676,307. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its holdings in shares of Lantheus by 17.0% in the fourth quarter. Principal Financial Group Inc. now owns 555,077 shares of the medical equipment provider's stock valued at $16,036,000 after purchasing an additional 80,665 shares in the last quarter. Sciencast Management LP acquired a new stake in Lantheus during the 1st quarter worth $307,000. Assenagon Asset Management S.A. grew its holdings in Lantheus by 332.3% during the 1st quarter. Assenagon Asset Management S.A. now owns 251,845 shares of the medical equipment provider's stock worth $13,930,000 after acquiring an additional 193,585 shares during the period. Congress Wealth Management LLC DE acquired a new stake in Lantheus during the 4th quarter worth $6,329,000. Finally, Ally Bridge Group NY LLC acquired a new stake in Lantheus during the 4th quarter worth $9,534,000. Institutional investors own 97.14% of the company's stock.

Lantheus Company Profile

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Lantheus Holdings, Inc develops, manufactures, and commercializes diagnostic and therapeutic products that assist clinicians in the diagnosis and treatment of heart, cancer, and other diseases worldwide. It provides DEFINITY, a microbubble ultrasound enhancing agent used in ultrasound exams of the heart; TechneLite, a technetium generator for nuclear medicine; Xenon-133 to assess pulmonary function; Neurolite to identify the area within the brain where blood flow has been blocked or reduced due to stroke; Cardiolite, an injectable Tc-99m-labeled imaging agent; Thallium-201 to detect cardiovascular disease; and Gallium-67 to detect various infections and cancerous tumors.

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