Agile Therapeutics, Inc. (AGRX) Receives “Buy” Rating from Janney Montgomery Scott
Janney Montgomery Scott reiterated their buy rating on shares of Agile Therapeutics, Inc. (NASDAQ:AGRX) in a research note published on Thursday. They currently have a $13.00 price objective on the specialty pharmaceutical company’s stock.
Several other brokerages have also issued reports on AGRX. Noble Financial reiterated a buy rating on shares of Agile Therapeutics in a report on Sunday, July 30th. HC Wainwright began coverage on Agile Therapeutics in a report on Wednesday, July 19th. They issued a buy rating and a $10.00 price target on the stock. Royal Bank Of Canada set a $8.00 price target on Agile Therapeutics and gave the stock a buy rating in a report on Sunday, July 16th. Finally, ValuEngine upgraded Agile Therapeutics from a strong sell rating to a sell rating in a report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company. The stock has an average rating of Buy and a consensus target price of $8.75.
Agile Therapeutics (NASDAQ:AGRX) traded up 3.097% during trading on Thursday, hitting $3.495. The stock had a trading volume of 448,974 shares. Agile Therapeutics has a one year low of $1.82 and a one year high of $7.95. The firm’s market capitalization is $100.68 million. The stock has a 50 day moving average of $3.80 and a 200 day moving average of $3.40.
Agile Therapeutics (NASDAQ:AGRX) last announced its earnings results on Friday, July 28th. The specialty pharmaceutical company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.02. During the same period in the prior year, the business posted ($0.29) EPS. Equities research analysts expect that Agile Therapeutics will post ($1.03) earnings per share for the current fiscal year.
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In other news, Chairman Alfred Altomari purchased 10,000 shares of the business’s stock in a transaction on Friday, August 25th. The shares were acquired at an average price of $3.34 per share, for a total transaction of $33,400.00. Following the completion of the acquisition, the chairman now owns 161,587 shares in the company, valued at $539,700.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.50% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Royce & Associates LP lifted its holdings in shares of Agile Therapeutics by 1.1% in the second quarter. Royce & Associates LP now owns 998,582 shares of the specialty pharmaceutical company’s stock valued at $3,745,000 after purchasing an additional 11,000 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of Agile Therapeutics by 608.0% in the second quarter. Royal Bank of Canada now owns 32,497 shares of the specialty pharmaceutical company’s stock valued at $122,000 after purchasing an additional 27,907 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in shares of Agile Therapeutics in the second quarter valued at approximately $122,000. Susquehanna International Group LLP bought a new position in shares of Agile Therapeutics in the second quarter valued at approximately $205,000. Finally, LMR Partners LLP bought a new position in shares of Agile Therapeutics in the second quarter valued at approximately $211,000. Institutional investors own 67.59% of the company’s stock.
About Agile Therapeutics
Agile Therapeutics, Inc is a women’s health specialty pharmaceutical company. The Company is focused in the development and commercialization of prescription contraceptive products. The Company has developed a transdermal patch technology, called Skinfusion. The Company’s lead product candidate is Twirla, also known as AG200-15, is a combined hormonal contraceptive (CHC) patch.
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