Mizuho reissued their buy rating on shares of Akebia Therapeutics, Inc. (NASDAQ:AKBA) in a report published on Thursday. The brokerage currently has a $24.00 price objective on the biopharmaceutical company’s stock.

AKBA has been the topic of a number of other research reports. Royal Bank Of Canada reiterated a hold rating and set a $17.00 target price on shares of Akebia Therapeutics in a report on Thursday, November 2nd. Zacks Investment Research upgraded Akebia Therapeutics from a hold rating to a buy rating and set a $16.00 target price on the stock in a report on Monday, August 14th. HC Wainwright reiterated a buy rating and set a $24.00 target price on shares of Akebia Therapeutics in a report on Wednesday, August 9th. BidaskClub downgraded Akebia Therapeutics from a hold rating to a sell rating in a report on Wednesday, July 19th. Finally, ValuEngine upgraded Akebia Therapeutics from a sell rating to a hold rating in a report on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $20.63.

Akebia Therapeutics (AKBA) traded up $0.39 on Thursday, reaching $15.49. The company’s stock had a trading volume of 674,900 shares, compared to its average volume of 515,651. Akebia Therapeutics has a fifty-two week low of $7.78 and a fifty-two week high of $20.25.

Akebia Therapeutics (NASDAQ:AKBA) last posted its earnings results on Wednesday, November 8th. The biopharmaceutical company reported ($0.49) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.07. Akebia Therapeutics had a negative return on equity of 198.85% and a negative net margin of 137.80%. The firm had revenue of $41.28 million for the quarter, compared to the consensus estimate of $34.00 million. equities research analysts forecast that Akebia Therapeutics will post -2.74 earnings per share for the current fiscal year.

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In related news, SVP Michel Dahan sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was sold at an average price of $19.30, for a total value of $96,500.00. Following the sale, the senior vice president now owns 97,224 shares in the company, valued at approximately $1,876,423.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 12,586 shares of company stock worth $222,289 in the last 90 days. 8.67% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of Akebia Therapeutics in the 2nd quarter worth approximately $132,000. Legal & General Group Plc boosted its stake in Akebia Therapeutics by 8.0% during the 2nd quarter. Legal & General Group Plc now owns 9,672 shares of the biopharmaceutical company’s stock valued at $142,000 after purchasing an additional 714 shares during the last quarter. Creative Planning boosted its stake in Akebia Therapeutics by 2.9% during the 2nd quarter. Creative Planning now owns 10,650 shares of the biopharmaceutical company’s stock valued at $153,000 after purchasing an additional 300 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Akebia Therapeutics during the 2nd quarter valued at $159,000. Finally, Macquarie Group Ltd. purchased a new stake in Akebia Therapeutics during the 3rd quarter valued at $183,000. Institutional investors own 59.27% of the company’s stock.

Akebia Therapeutics Company Profile

Akebia Therapeutics, Inc is a biopharmaceutical company. The Company focuses on the development and commercialization of therapeutics based on hypoxia-inducible factor (HIF) biology. The Company’s lead product candidate, vadadustat, is indicated for the treatment of anemia in chronic kidney disease (CKD).

Analyst Recommendations for Akebia Therapeutics (NASDAQ:AKBA)

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