Voyager Therapeutics Inc (VYGR) Receives $32.50 Consensus PT from Brokerages
Voyager Therapeutics Inc (NASDAQ:VYGR) has been given a consensus recommendation of “Buy” by the fourteen brokerages that are covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $32.50.
Several brokerages recently commented on VYGR. BTIG Research reaffirmed a “buy” rating and set a $32.00 price target on shares of Voyager Therapeutics in a research report on Monday, September 10th. Morgan Stanley reaffirmed an “equal weight” rating and set a $27.00 price target on shares of Voyager Therapeutics in a research report on Monday, September 10th. Chardan Capital reaffirmed a “hold” rating and set a $30.00 price target on shares of Voyager Therapeutics in a research report on Thursday, June 21st. ValuEngine raised shares of Voyager Therapeutics from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 2nd. Finally, Zacks Investment Research raised shares of Voyager Therapeutics from a “sell” rating to a “hold” rating in a research report on Saturday, August 11th.
In other news, Director Glenn Pierce bought 5,000 shares of the firm’s stock in a transaction dated Wednesday, September 12th. The stock was acquired at an average cost of $18.44 per share, for a total transaction of $92,200.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James A. Geraghty bought 3,000 shares of the firm’s stock in a transaction dated Monday, September 10th. The stock was purchased at an average price of $19.39 per share, with a total value of $58,170.00. Following the completion of the purchase, the director now directly owns 76,588 shares of the company’s stock, valued at approximately $1,485,041.32. The disclosure for this purchase can be found here. Insiders bought 11,000 shares of company stock valued at $205,300 in the last three months. Company insiders own 33.60% of the company’s stock.
Shares of VYGR stock opened at $18.39 on Friday. Voyager Therapeutics has a one year low of $11.54 and a one year high of $31.91. The company has a market cap of $633.80 million, a P/E ratio of -6.97 and a beta of 2.89.
Voyager Therapeutics (NASDAQ:VYGR) last issued its quarterly earnings results on Tuesday, August 7th. The company reported ($0.80) EPS for the quarter, missing the consensus estimate of ($0.67) by ($0.13). Voyager Therapeutics had a negative return on equity of 80.68% and a negative net margin of 731.88%. The company had revenue of $2.58 million for the quarter, compared to analyst estimates of $3.00 million. equities research analysts expect that Voyager Therapeutics will post -3.19 EPS for the current fiscal year.
About Voyager Therapeutics
Voyager Therapeutics, Inc, a clinical-stage gene therapy company, focuses on the development of treatments for patients suffering from severe neurological diseases. The company's lead clinical candidate is the VY-AADC, which is in open-label Phase 1b clinical trials for the treatment of advanced Parkinson's disease.
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