Neurocrine Biosciences (NASDAQ:NBIX) Price Target Lowered to $192.00 at HC Wainwright

Neurocrine Biosciences (NASDAQ:NBIXGet Free Report) had its target price dropped by HC Wainwright from $198.00 to $192.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright’s target price suggests a potential upside of 39.70% from the company’s previous close.

A number of other research firms also recently weighed in on NBIX. Canaccord Genuity Group boosted their target price on Neurocrine Biosciences from $160.00 to $164.00 and gave the stock a “buy” rating in a research report on Wednesday, October 29th. Stifel Nicolaus boosted their price objective on shares of Neurocrine Biosciences from $183.00 to $188.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. Zacks Research cut shares of Neurocrine Biosciences from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. JPMorgan Chase & Co. decreased their target price on shares of Neurocrine Biosciences from $179.00 to $177.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Neurocrine Biosciences in a research note on Thursday, January 22nd. Fifteen research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $175.72.

View Our Latest Stock Report on Neurocrine Biosciences

Neurocrine Biosciences Stock Down 0.2%

NASDAQ NBIX opened at $137.44 on Thursday. The stock’s 50-day simple moving average is $141.39 and its two-hundred day simple moving average is $140.58. Neurocrine Biosciences has a twelve month low of $84.23 and a twelve month high of $160.18. The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 0.65 and a beta of 0.31.

Insider Activity

In related news, Director Leslie V. Norwalk sold 1,190 shares of the firm’s stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $155.09, for a total value of $184,557.10. Following the sale, the director directly owned 6,239 shares of the company’s stock, valued at $967,606.51. This trade represents a 16.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Darin Lippoldt sold 4,376 shares of the business’s stock in a transaction dated Monday, December 8th. The shares were sold at an average price of $159.65, for a total value of $698,628.40. Following the transaction, the insider owned 43,405 shares in the company, valued at approximately $6,929,608.25. This represents a 9.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 61,966 shares of company stock valued at $8,625,166. Company insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Neurocrine Biosciences

Hedge funds have recently bought and sold shares of the business. USA Financial Formulas bought a new position in Neurocrine Biosciences in the 4th quarter worth about $25,000. Geneos Wealth Management Inc. lifted its holdings in shares of Neurocrine Biosciences by 143.6% during the 1st quarter. Geneos Wealth Management Inc. now owns 229 shares of the company’s stock valued at $25,000 after buying an additional 135 shares during the period. Golden State Wealth Management LLC boosted its position in Neurocrine Biosciences by 120.5% in the third quarter. Golden State Wealth Management LLC now owns 183 shares of the company’s stock worth $26,000 after purchasing an additional 100 shares during the last quarter. Eastern Bank bought a new position in shares of Neurocrine Biosciences in the 3rd quarter worth approximately $27,000. Finally, Quent Capital LLC bought a new stake in Neurocrine Biosciences during the third quarter valued at approximately $32,000. Institutional investors own 92.59% of the company’s stock.

Key Stories Impacting Neurocrine Biosciences

Here are the key news stories impacting Neurocrine Biosciences this week:

Neurocrine Biosciences Company Profile

(Get Free Report)

Neurocrine Biosciences (NASDAQ: NBIX) is a biopharmaceutical company based in San Diego, California, focused on developing treatments for neurological, endocrine and neuropsychiatric disorders. Since its founding in 1992, the company has pursued a research‐driven strategy aimed at addressing unmet medical needs in movement disorders, reproductive health and central nervous system conditions. Neurocrine’s operations encompass drug discovery, clinical development and commercialization activities.

The company’s lead marketed product, Ingrezza™ (valbenazine), is indicated for the treatment of tardive dyskinesia, a movement disorder associated with long-term antipsychotic use.

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