Separately, Zacks Investment Research raised shares of Flamel Technologies SA from a sell rating to a hold rating in a research report on Tuesday, July 12th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average price target of $18.63.
Flamel Technologies SA (NASDAQ:FLML) opened at 12.40 on Tuesday. The stock has a market cap of $511.39 million, a price-to-earnings ratio of 30.02 and a beta of 1.42. Flamel Technologies SA has a 12-month low of $7.56 and a 12-month high of $19.78. The company’s 50 day moving average price is $13.69 and its 200-day moving average price is $11.77.
Flamel Technologies SA (NASDAQ:FLML) last announced its quarterly earnings results on Monday, August 8th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by $0.08. Flamel Technologies SA had a return on equity of 25.19% and a net margin of 12.11%. The business had revenue of $38.90 million for the quarter, compared to analysts’ expectations of $32.80 million. During the same period last year, the company posted $0.34 earnings per share. The firm’s revenue for the quarter was down 20.0% on a year-over-year basis. On average, analysts forecast that Flamel Technologies SA will post ($1.08) EPS for the current year.
In other news, Director Craig R. Stapleton acquired 10,000 shares of the firm’s stock in a transaction on Thursday, September 1st. The stock was bought at an average cost of $13.52 per share, with a total value of $135,200.00. Following the transaction, the director now directly owns 519,678 shares in the company, valued at approximately $7,026,046.56. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Craig R. Stapleton acquired 20,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was purchased at an average cost of $13.76 per share, with a total value of $275,200.00. Following the completion of the transaction, the director now owns 509,678 shares in the company, valued at $7,013,169.28. The disclosure for this purchase can be found here. 4.45% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. DekaBank Deutsche Girozentrale purchased a new position in Flamel Technologies SA during the second quarter worth $210,000. Quantitative Systematic Strategies LLC purchased a new position in Flamel Technologies SA during the second quarter worth $261,000. Smith Asset Management Group LP purchased a new position in Flamel Technologies SA during the second quarter worth $320,000. ProShare Advisors LLC boosted its position in Flamel Technologies SA by 0.6% in the second quarter. ProShare Advisors LLC now owns 29,957 shares of the company’s stock worth $322,000 after buying an additional 171 shares during the last quarter. Finally, State Street Corp boosted its position in Flamel Technologies SA by 2.6% in the second quarter. State Street Corp now owns 30,682 shares of the company’s stock worth $330,000 after buying an additional 787 shares during the last quarter. 70.33% of the stock is owned by institutional investors.
Flamel Technologies SA Company Profile
Flamel Technologies SA is a specialty pharmaceutical company. The Company is engaged in the development and commercialization of pharmaceutical products, including controlled-release therapeutic products based on its polymer based technology. The Company has a balanced business model consisting of an Unapproved Marketed Drugs (UMDs) business with over two approved products in the United States, Bloxiverz (neostigmine methylsulfate injection) and Vazculep (phenylephrine hydrochloride injection) that are marketed; a branded pediatric business, and a branded business, focusing on the development of products utilizing Flamel’s drug delivery platforms.
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