Ultragenyx Pharmaceutical (RARE) Announces Earnings Results

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Ultragenyx Pharmaceutical (NASDAQ:RARE) released its earnings results on Tuesday. The biopharmaceutical company reported ($1.73) EPS for the quarter, beating analysts’ consensus estimates of ($1.74) by $0.01, Bloomberg Earnings reports. The company had revenue of $16.26 million during the quarter, compared to the consensus estimate of $13.30 million. Ultragenyx Pharmaceutical had a negative return on equity of 40.10% and a negative net margin of 508.70%.

RARE stock traded up $6.11 during trading on Wednesday, hitting $62.92. The stock had a trading volume of 6,704 shares, compared to its average volume of 416,294. Ultragenyx Pharmaceutical has a 1-year low of $37.44 and a 1-year high of $90.98. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of -8.40 and a beta of 2.26.

In related news, Director William Aliski sold 6,000 shares of the business’s stock in a transaction dated Friday, December 7th. The shares were sold at an average price of $49.69, for a total value of $298,140.00. Following the completion of the transaction, the director now owns 72,610 shares of the company’s stock, valued at approximately $3,607,990.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.40% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of RARE. Exane Derivatives purchased a new stake in Ultragenyx Pharmaceutical in the 4th quarter valued at about $36,000. Bank of Montreal Can grew its holdings in Ultragenyx Pharmaceutical by 100.9% in the 4th quarter. Bank of Montreal Can now owns 1,079 shares of the biopharmaceutical company’s stock valued at $47,000 after buying an additional 542 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in shares of Ultragenyx Pharmaceutical during the 4th quarter worth about $55,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of Ultragenyx Pharmaceutical by 16.6% during the 4th quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,924 shares of the biopharmaceutical company’s stock worth $77,000 after purchasing an additional 274 shares during the period. Finally, AdvisorNet Financial Inc grew its holdings in shares of Ultragenyx Pharmaceutical by 29.5% during the 4th quarter. AdvisorNet Financial Inc now owns 2,850 shares of the biopharmaceutical company’s stock worth $124,000 after purchasing an additional 650 shares during the period. Institutional investors own 98.35% of the company’s stock.

Several research firms have recently issued reports on RARE. Credit Suisse Group set a $59.00 price target on Ultragenyx Pharmaceutical and gave the stock a “hold” rating in a research note on Thursday, November 15th. ValuEngine downgraded Ultragenyx Pharmaceutical from a “buy” rating to a “hold” rating in a research note on Monday, October 29th. JPMorgan Chase & Co. set a $68.00 price target on Ultragenyx Pharmaceutical and gave the stock a “buy” rating in a research note on Saturday, October 27th. Zacks Investment Research raised Ultragenyx Pharmaceutical from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research note on Tuesday, December 18th. Finally, SunTrust Banks lifted their price target on Ultragenyx Pharmaceutical to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, January 23rd. Eight research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $74.83.

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Ultragenyx Pharmaceutical Company Profile

Ultragenyx Pharmaceutical Inc, a biopharmaceutical company, focuses on the identification, acquisition, development, and commercialization of various products for the treatment of rare and ultra-rare genetic diseases in the United States. Its biologics product candidate includes Mepsevii, an enzyme replacement therapy for the treatment of children and adults with Mucopolysaccharidosis VII.

Further Reading: How does a reverse stock split work?

Earnings History for Ultragenyx Pharmaceutical (NASDAQ:RARE)

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