HC Wainwright reaffirmed their buy rating on shares of Aurinia Pharmaceuticals Inc (NASDAQ:AUPH) (TSE:AUP) in a report published on Wednesday morning. They currently have a $12.00 target price on the biotechnology company’s stock.

A number of other analysts have also issued reports on the company. Zacks Investment Research lowered Aurinia Pharmaceuticals from a buy rating to a hold rating in a research note on Tuesday, October 24th. BidaskClub lowered Aurinia Pharmaceuticals from a hold rating to a sell rating in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed a buy rating and issued a $14.00 price target on shares of Aurinia Pharmaceuticals in a research note on Monday, October 23rd. Leerink Swann lifted their price target on Aurinia Pharmaceuticals from $10.00 to $14.00 and gave the stock an outperform rating in a research note on Monday, October 23rd. Finally, Seaport Global Securities reaffirmed a buy rating and issued a $10.00 price target on shares of Aurinia Pharmaceuticals in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, six have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $10.79.

Shares of Aurinia Pharmaceuticals (NASDAQ:AUPH) opened at $5.14 on Wednesday. Aurinia Pharmaceuticals has a 12 month low of $2.02 and a 12 month high of $10.54.

Aurinia Pharmaceuticals (NASDAQ:AUPH) (TSE:AUP) last issued its quarterly earnings results on Tuesday, November 14th. The biotechnology company reported ($0.16) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.02). The firm had revenue of $0.03 million during the quarter, compared to analyst estimates of $0.03 million. Aurinia Pharmaceuticals had a negative return on equity of 27.47% and a negative net margin of 18,089.02%. The firm’s revenue was up .0% compared to the same quarter last year. analysts predict that Aurinia Pharmaceuticals will post -1.01 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AUPH. Royal Bank of Canada boosted its stake in Aurinia Pharmaceuticals by 8.6% during the second quarter. Royal Bank of Canada now owns 16,968 shares of the biotechnology company’s stock worth $104,000 after buying an additional 1,341 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Aurinia Pharmaceuticals by 13,197.5% during the third quarter. Wells Fargo & Company MN now owns 26,595 shares of the biotechnology company’s stock worth $166,000 after buying an additional 26,395 shares during the last quarter. Investment Centers of America Inc. acquired a new position in Aurinia Pharmaceuticals during the second quarter worth $184,000. Cutler Capital Management LLC acquired a new position in Aurinia Pharmaceuticals during the second quarter worth $184,000. Finally, Kazazian Asset Management LLC boosted its stake in Aurinia Pharmaceuticals by 47.3% during the second quarter. Kazazian Asset Management LLC now owns 66,304 shares of the biotechnology company’s stock worth $406,000 after buying an additional 21,304 shares during the last quarter. 27.74% of the stock is currently owned by institutional investors.

About Aurinia Pharmaceuticals

Aurinia Pharmaceuticals Inc is a Canada-based clinical-stage biopharmaceutical company operating in the field of nephrology and autoimmunity. The Company’s primary business is the development of a therapeutic drug to treat autoimmune diseases, in particular lupus nephritis (LN). It is focused on the development of its lead compound voclosporin, a therapeutic immunomodulating drug candidate, which is a second-generation calcineurin inhibitors (CNI) to treat patients afflicted with LN.

Analyst Recommendations for Aurinia Pharmaceuticals (NASDAQ:AUPH)

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