Aeglea Bio Therapeutics (AGLE) Price Target Raised to $20.00 at Needham & Company LLC
Aeglea Bio Therapeutics (NASDAQ:AGLE) had its price objective upped by Needham & Company LLC to $20.00 in a research note issued to investors on Friday morning. The firm currently has a buy rating on the biotechnology company’s stock.
AGLE has been the topic of several other research reports. BMO Capital Markets restated an outperform rating and set a $18.00 price objective on shares of Aeglea Bio Therapeutics in a research report on Wednesday, March 14th. Zacks Investment Research cut shares of Aeglea Bio Therapeutics from a buy rating to a hold rating in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $14.50.
NASDAQ AGLE opened at $9.01 on Friday. Aeglea Bio Therapeutics has a 1 year low of $2.81 and a 1 year high of $11.35. The company has a market capitalization of $160.81, a price-to-earnings ratio of -5.01 and a beta of -0.20.
Institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in shares of Aeglea Bio Therapeutics by 150.8% during the 4th quarter. Renaissance Technologies LLC now owns 32,100 shares of the biotechnology company’s stock valued at $174,000 after buying an additional 19,300 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Aeglea Bio Therapeutics by 9.4% during the 2nd quarter. Vanguard Group Inc. now owns 150,774 shares of the biotechnology company’s stock valued at $579,000 after buying an additional 12,966 shares in the last quarter. Finally, Jennison Associates LLC raised its position in shares of Aeglea Bio Therapeutics by 0.6% during the 4th quarter. Jennison Associates LLC now owns 1,393,439 shares of the biotechnology company’s stock valued at $7,539,000 after buying an additional 8,372 shares in the last quarter. Hedge funds and other institutional investors own 47.43% of the company’s stock.
Aeglea Bio Therapeutics Company Profile
Aeglea BioTherapeutics, Inc is a biotechnology company, which is engaged in the development of enzyme-based therapeutics in the field of amino acid metabolism to treat inborn errors of metabolism (IEM) and cancer. The Company’s product pipeline includes AEB1102, AEB3103, AEB2109 and AEB4104. Its lead product candidate, AEB1102, is engineered to degrade the amino acid arginine and is being developed to treat over two extremes of arginine metabolism, including arginine excess in patients with Arginase I deficiency, an IEM, as well as some cancers, which have shown to have a metabolic dependence on arginine.
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