Esperion Therapeutics, Inc. (ESPR) Price Target Raised to $72.00
Esperion Therapeutics, Inc. (NASDAQ:ESPR) had its target price upped by analysts at Needham & Company LLC from $58.00 to $72.00 in a report issued on Tuesday, The Fly reports. The firm currently has a “positive” rating on the biopharmaceutical company’s stock. Needham & Company LLC’s target price would suggest a potential upside of 59.40% from the company’s current price.
ESPR has been the topic of a number of other research reports. ValuEngine raised Esperion Therapeutics from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Zacks Investment Research cut Esperion Therapeutics from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Deutsche Bank AG started coverage on Esperion Therapeutics in a report on Friday, June 23rd. They set a “buy” rating and a $48.00 price objective on the stock. BidaskClub cut Esperion Therapeutics from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Citigroup Inc. reissued a “buy” rating on shares of Esperion Therapeutics in a report on Thursday, June 22nd. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $39.16.
Shares of Esperion Therapeutics (ESPR) traded up 26.6655% during midday trading on Tuesday, reaching $57.2148. The company’s stock had a trading volume of 2,909,768 shares. The stock’s market cap is $1.29 billion. Esperion Therapeutics has a one year low of $9.40 and a one year high of $57.38. The firm has a 50-day moving average of $44.47 and a 200-day moving average of $33.66.
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Hedge funds have recently bought and sold shares of the company. Quantbot Technologies LP acquired a new stake in Esperion Therapeutics during the first quarter worth approximately $158,000. C WorldWide Group Holding A S acquired a new stake in Esperion Therapeutics during the first quarter worth approximately $162,000. Princeton Alpha Management LP acquired a new stake in Esperion Therapeutics during the first quarter worth approximately $205,000. Bank of Montreal Can raised its stake in Esperion Therapeutics by 1,006.7% in the first quarter. Bank of Montreal Can now owns 6,596 shares of the biopharmaceutical company’s stock worth $233,000 after buying an additional 6,000 shares during the last quarter. Finally, Aperio Group LLC acquired a new stake in Esperion Therapeutics during the second quarter worth approximately $249,000. 85.20% of the stock is owned by institutional investors and hedge funds.
About Esperion Therapeutics
Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.
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