Audentes Therapeutics (BOLD) Given a $37.00 Price Target by HC Wainwright Analysts

HC Wainwright set a $37.00 price objective on Audentes Therapeutics (NASDAQ:BOLD) in a research note published on Friday morning. The brokerage currently has a buy rating on the biotechnology company’s stock.

A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Audentes Therapeutics from a hold rating to a buy rating and set a $37.00 target price on the stock in a research report on Thursday, March 8th. William Blair reiterated a buy rating on shares of Audentes Therapeutics in a research report on Friday. Raymond James Financial reiterated a hold rating on shares of Audentes Therapeutics in a research report on Thursday, January 4th. ValuEngine lowered Audentes Therapeutics from a hold rating to a sell rating in a research report on Friday, December 1st. Finally, BMO Capital Markets initiated coverage on Audentes Therapeutics in a research report on Tuesday, December 5th. They set an outperform rating and a $35.00 target price on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the stock. Audentes Therapeutics currently has an average rating of Buy and an average price target of $35.56.

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Shares of Audentes Therapeutics (NASDAQ:BOLD) opened at $34.80 on Friday. The company has a market cap of $1,230.00 and a P/E ratio of -10.00. Audentes Therapeutics has a one year low of $13.90 and a one year high of $41.80.

Audentes Therapeutics (NASDAQ:BOLD) last issued its quarterly earnings data on Thursday, March 8th. The biotechnology company reported ($0.82) EPS for the quarter, topping analysts’ consensus estimates of ($0.91) by $0.09. research analysts predict that Audentes Therapeutics will post -3.7 earnings per share for the current year.

In other Audentes Therapeutics news, Director Louis G. Lange sold 18,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The stock was sold at an average price of $30.88, for a total value of $555,840.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Orbimed Advisors Llc sold 421,638 shares of the firm’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $35.17, for a total value of $14,829,008.46. The disclosure for this sale can be found here. Insiders have sold a total of 1,087,707 shares of company stock worth $38,055,301 in the last quarter. Insiders own 47.30% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Perceptive Advisors LLC lifted its holdings in Audentes Therapeutics by 10.4% in the 3rd quarter. Perceptive Advisors LLC now owns 781,309 shares of the biotechnology company’s stock valued at $21,885,000 after purchasing an additional 73,809 shares in the last quarter. Mckinley Capital Management LLC Delaware purchased a new position in Audentes Therapeutics in the 3rd quarter valued at $1,333,000. New York State Common Retirement Fund lifted its holdings in Audentes Therapeutics by 299.9% in the 2nd quarter. New York State Common Retirement Fund now owns 16,400 shares of the biotechnology company’s stock valued at $314,000 after purchasing an additional 12,299 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Audentes Therapeutics by 130.3% in the 2nd quarter. Vanguard Group Inc. now owns 678,412 shares of the biotechnology company’s stock valued at $12,978,000 after purchasing an additional 383,837 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Audentes Therapeutics by 1,086.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 13,580 shares of the biotechnology company’s stock valued at $260,000 after purchasing an additional 12,435 shares in the last quarter. Institutional investors own 67.35% of the company’s stock.

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About Audentes Therapeutics

Audentes Therapeutics, Inc is an early-stage biotechnology company. The Company is focused on developing and commercializing gene therapy products for patients suffering from serious, life-threatening rare diseases caused by single gene defects. The Company has a portfolio of product candidates, including AT132 for the treatment of X-Linked Myotubular Myopathy (XLMTM); AT342 for the treatment of Crigler-Najjar Syndrome (Crigler-Najjar); AT982 for the treatment of Pompe disease, and AT307 for the treatment of the CASQ2 subtype of Catecholaminergic Polymorphic Ventricular Tachycardia (CASQ2-CPVT).

Analyst Recommendations for Audentes Therapeutics (NASDAQ:BOLD)

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