Miragen Therapeutics, Inc. (NASDAQ:MGEN) – Wedbush increased their Q1 2018 earnings estimates for Miragen Therapeutics in a report issued on Tuesday. Wedbush analyst L. Moussatos now forecasts that the medical research company will post earnings of ($0.22) per share for the quarter, up from their previous estimate of ($0.30). Wedbush currently has a “Outperform” rating on the stock. Wedbush also issued estimates for Miragen Therapeutics’ Q2 2018 earnings at ($0.23) EPS, Q3 2018 earnings at ($0.24) EPS, Q4 2018 earnings at ($0.26) EPS, FY2018 earnings at ($0.95) EPS, FY2019 earnings at ($1.12) EPS, FY2020 earnings at ($1.39) EPS and FY2021 earnings at ($1.38) EPS.
Miragen Therapeutics (NASDAQ:MGEN) last announced its quarterly earnings data on Wednesday, March 14th. The medical research company reported ($0.29) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.04. The company had revenue of $1.19 million for the quarter, compared to analyst estimates of $1.22 million. Miragen Therapeutics had a negative return on equity of 63.57% and a negative net margin of 662.30%.
Miragen Therapeutics (MGEN) opened at $7.11 on Friday. The company has a quick ratio of 13.33, a current ratio of 13.33 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $229.61, a price-to-earnings ratio of -4.74 and a beta of 1.64. Miragen Therapeutics has a fifty-two week low of $5.01 and a fifty-two week high of $15.91.
Several hedge funds and other institutional investors have recently bought and sold shares of MGEN. Russell Investments Group Ltd. purchased a new position in shares of Miragen Therapeutics during the 3rd quarter worth $147,000. SG Americas Securities LLC purchased a new position in shares of Miragen Therapeutics during the 3rd quarter worth $250,000. Aveo Capital Partners LLC purchased a new position in shares of Miragen Therapeutics during the 4th quarter worth $279,000. Wells Fargo & Company MN raised its holdings in shares of Miragen Therapeutics by 203.8% during the 4th quarter. Wells Fargo & Company MN now owns 17,804 shares of the medical research company’s stock worth $185,000 after acquiring an additional 11,943 shares during the period. Finally, Bank of New York Mellon Corp raised its holdings in shares of Miragen Therapeutics by 67.1% during the 4th quarter. Bank of New York Mellon Corp now owns 45,775 shares of the medical research company’s stock worth $478,000 after acquiring an additional 18,374 shares during the period. Institutional investors and hedge funds own 19.83% of the company’s stock.
In related news, insider Adam Scott Levy purchased 9,090 shares of Miragen Therapeutics stock in a transaction dated Tuesday, February 13th. The shares were acquired at an average price of $5.50 per share, for a total transaction of $49,995.00. Following the acquisition, the insider now directly owns 10,540 shares in the company, valued at $57,970. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Bruce Booth purchased 545,454 shares of Miragen Therapeutics stock in a transaction dated Tuesday, February 13th. The shares were bought at an average price of $5.50 per share, for a total transaction of $2,999,997.00. The disclosure for this purchase can be found here. 44.40% of the stock is owned by insiders.
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Miragen Therapeutics Company Profile
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