StockNews.com assumed coverage on shares of Aeglea BioTherapeutics (NASDAQ:AGLE – Get Rating) in a report published on Monday. The firm issued a hold rating on the biotechnology company's stock.
AGLE has been the subject of a number of other reports. Wells Fargo & Company upgraded shares of Aeglea BioTherapeutics from an equal weight rating to an overweight rating and boosted their price objective for the stock from $1.50 to $2.00 in a report on Friday, October 28th. Piper Sandler boosted their price target on Aeglea BioTherapeutics to $1.50 in a research note on Tuesday, November 1st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $1.88.
Get Aeglea BioTherapeutics alerts:Aeglea BioTherapeutics Trading Down 5.5 %
Aeglea BioTherapeutics stock opened at $0.48 on Monday. Aeglea BioTherapeutics has a 12 month low of $0.34 and a 12 month high of $4.54. The company has a market capitalization of $29.65 million, a price-to-earnings ratio of -0.42 and a beta of 1.66. The business's fifty day simple moving average is $0.54 and its two-hundred day simple moving average is $0.60.
Aeglea BioTherapeutics (NASDAQ:AGLE – Get Rating) last announced its quarterly earnings results on Thursday, November 3rd. The biotechnology company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.24) by $0.05. Aeglea BioTherapeutics had a negative net margin of 1,471.82% and a negative return on equity of 114.95%. The company had revenue of $0.17 million for the quarter, compared to analysts' expectations of $0.63 million. On average, equities research analysts predict that Aeglea BioTherapeutics will post -1.01 EPS for the current year.Institutional Investors Weigh In On Aeglea BioTherapeutics
Large investors have recently added to or reduced their stakes in the stock. Two Sigma Advisers LP lifted its holdings in shares of Aeglea BioTherapeutics by 76.9% during the 3rd quarter. Two Sigma Advisers LP now owns 409,900 shares of the biotechnology company's stock valued at $216,000 after buying an additional 178,200 shares during the period. Ghost Tree Capital LLC boosted its position in Aeglea BioTherapeutics by 8.1% in the third quarter. Ghost Tree Capital LLC now owns 1,000,000 shares of the biotechnology company's stock worth $526,000 after purchasing an additional 75,000 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Aeglea BioTherapeutics by 5.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 1,187,293 shares of the biotechnology company's stock valued at $600,000 after purchasing an additional 62,504 shares during the period. Nantahala Capital Management LLC increased its position in shares of Aeglea BioTherapeutics by 21.1% during the 2nd quarter. Nantahala Capital Management LLC now owns 3,877,311 shares of the biotechnology company's stock valued at $1,958,000 after purchasing an additional 676,718 shares during the last quarter. Finally, Bain Capital Life Sciences Investors LLC lifted its stake in shares of Aeglea BioTherapeutics by 87.8% in the 2nd quarter. Bain Capital Life Sciences Investors LLC now owns 5,347,689 shares of the biotechnology company's stock worth $2,701,000 after purchasing an additional 2,500,000 shares during the period. Institutional investors own 78.01% of the company's stock.
About Aeglea BioTherapeutics
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Aeglea Biotherapeutics, Inc is a clinical-stage biotechnology company, which engages in the development of next-generation human enzyme therapeutics as disruptive solutions for rare and other high-burden diseases. Its product Pegzilarginase, is in a Phase 3 pivotal trial for the treatment of Arginase 1 Deficiency.
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