Rhythm Pharmaceuticals (NASDAQ:RYTM – Get Free Report) posted its earnings results on Tuesday. The company reported ($2.35) earnings per share for the quarter, missing the consensus estimate of ($2.34) by ($0.01), Briefing.com reports. The company had revenue of $26.00 million for the quarter, compared to analysts’ expectations of $26.90 million. Rhythm Pharmaceuticals had a negative net margin of 238.50% and a negative return on equity of 96.02%. The business’s revenue was up 126.1% on a year-over-year basis. During the same period in the previous year, the business posted ($0.92) earnings per share.
Rhythm Pharmaceuticals Stock Performance
Shares of Rhythm Pharmaceuticals stock opened at $37.63 on Wednesday. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of -12.30 and a beta of 1.94. The stock has a 50 day moving average price of $40.79 and a 200-day moving average price of $39.86. Rhythm Pharmaceuticals has a one year low of $15.50 and a one year high of $52.57.
Insider Activity at Rhythm Pharmaceuticals
In other news, EVP Yann Mazabraud sold 1,594 shares of the firm’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $51.38, for a total value of $81,899.72. Following the completion of the sale, the executive vice president now owns 7,702 shares in the company, valued at approximately $395,728.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Yann Mazabraud sold 1,594 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $51.38, for a total value of $81,899.72. Following the sale, the executive vice president now directly owns 7,702 shares in the company, valued at $395,728.76. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO David P. Meeker sold 45,494 shares of the business’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $39.22, for a total value of $1,784,274.68. Following the transaction, the chief executive officer now owns 174,605 shares of the company’s stock, valued at approximately $6,848,008.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 172,069 shares of company stock worth $7,626,355. Company insiders own 4.70% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Rhythm Pharmaceuticals
About Rhythm Pharmaceuticals
Rhythm Pharmaceuticals, Inc, a commercial-stage biopharmaceutical company, focuses on the rare neuroendocrine diseases. The company's lead product candidate is IMCIVREE (setmelanotide), a rare melanocortin-4 receptor for the treatment of pro-opiomelanocortin (POMC), proprotein convertase subtilisin/kexin type 1, leptin receptor (LEPR) deficiency obesity, and Bardet-Biedl and Alström syndrome.
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