Shares of Fulcrum Therapeutics, Inc. (NASDAQ:FULC) have been given a consensus rating of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $36.33.
Several research firms recently commented on FULC. Piper Sandler increased their target price on Fulcrum Therapeutics from $20.00 to $46.00 and gave the company an “overweight” rating in a report on Tuesday, August 17th. SVB Leerink restated a “buy” rating and issued a $23.00 price objective on shares of Fulcrum Therapeutics in a research note on Sunday, August 15th. Zacks Investment Research upgraded shares of Fulcrum Therapeutics from a “sell” rating to a “hold” rating in a research note on Tuesday, July 20th. HC Wainwright increased their target price on shares of Fulcrum Therapeutics from $20.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, August 17th. Finally, Credit Suisse Group increased their target price on shares of Fulcrum Therapeutics from $20.00 to $30.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 11th.
In other news, Director James A. Geraghty acquired 10,000 shares of Fulcrum Therapeutics stock in a transaction that occurred on Monday, June 28th. The stock was purchased at an average price of $9.16 per share, for a total transaction of $91,600.00. Following the completion of the transaction, the director now directly owns 90,714 shares in the company, valued at $830,940.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last 90 days, insiders purchased 14,488 shares of company stock valued at $132,179. 22.30% of the stock is owned by insiders.
Shares of Fulcrum Therapeutics stock traded up $1.03 on Friday, hitting $27.25. 10,686 shares of the company were exchanged, compared to its average volume of 1,300,105. Fulcrum Therapeutics has a 1-year low of $6.85 and a 1-year high of $29.90. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of -10.57 and a beta of 1.39. The company has a 50-day moving average price of $17.39 and a 200 day moving average price of $13.00.
Fulcrum Therapeutics (NASDAQ:FULC) last released its quarterly earnings results on Tuesday, August 10th. The company reported ($0.60) EPS for the quarter, topping analysts’ consensus estimates of ($0.65) by $0.05. Fulcrum Therapeutics had a negative return on equity of 66.84% and a negative net margin of 481.07%. As a group, sell-side analysts predict that Fulcrum Therapeutics will post -2.68 earnings per share for the current fiscal year.
About Fulcrum Therapeutics
Fulcrum Therapeutics, Inc is a clinical stage biopharmaceutical company. The firm develops new medicines and focuses on unlocking gene control mechanisms to develop small molecule therapies. Its product candidate includes Losmapimod and FTX-HbF. The company was founded by Michael R. Green, Danny Reinberg, Rudolf Jaenisch, Jeannie T.
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