BeiGene, Ltd. (NASDAQ:BGNE) Set to Announce Earnings on Tuesday
BeiGene, Ltd. (NASDAQ:BGNE) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 8th. Analysts expect the company to announce earnings of ($1.24) per share for the quarter.
Shares of BeiGene, Ltd. (NASDAQ BGNE) opened at 72.31 on Monday. The firm’s 50-day moving average price is $59.96 and its 200-day moving average price is $43.43. The firm’s market capitalization is $2.87 billion. BeiGene, Ltd. has a one year low of $26.05 and a one year high of $79.25.
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In other BeiGene news, Director Xiaodong Wang sold 20,000 shares of the company’s stock in a transaction dated Wednesday, July 12th. The shares were sold at an average price of $72.44, for a total value of $1,448,800.00. Following the sale, the director now owns 16,300 shares in the company, valued at $1,180,772. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Donald W. Glazer sold 10,810 shares of the company’s stock in a transaction dated Monday, July 10th. The stock was sold at an average price of $72.15, for a total transaction of $779,941.50. Following the completion of the sale, the director now owns 7,206 shares in the company, valued at approximately $519,912.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 389,249 shares of company stock valued at $22,594,820. 24.20% of the stock is owned by insiders.
BGNE has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on shares of BeiGene from $44.00 to $58.00 and gave the company an “outperform” rating in a research note on Thursday, July 6th. Maxim Group reaffirmed a “buy” rating and set a $52.00 price objective on shares of BeiGene in a research note on Thursday, May 11th. William Blair reaffirmed an “outperform” rating on shares of BeiGene in a research note on Thursday, June 1st. Morgan Stanley reaffirmed an “overweight” rating and set a $83.00 price objective on shares of BeiGene in a research note on Monday, July 10th. Finally, Zacks Investment Research raised shares of BeiGene from a “sell” rating to a “buy” rating and set a $79.00 price objective for the company in a research note on Tuesday, July 11th. Six investment analysts have rated the stock with a buy rating, BeiGene presently has an average rating of “Buy” and an average target price of $73.25.
BeiGene, Ltd. is a clinical-stage biopharmaceutical company. The Company is focused in the discovery and development of molecularly targeted and immuno-oncology drugs for the treatment of cancer. The Company had used its cancer biology platform to develop four clinical-stage drug candidates, such as BGB-3111, BGB-A317, BGB-290 and BGB-283, as of December 31, 2016.
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