Liquidia (NASDAQ:LQDA) Director Stephen Bloch Sells 3,596 Shares

Liquidia Corporation (NASDAQ:LQDAGet Free Report) Director Stephen Bloch sold 3,596 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $79.55, for a total value of $286,061.80. Following the transaction, the director directly owned 776,477 shares in the company, valued at approximately $61,768,745.35. This represents a 0.46% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Liquidia Price Performance

Shares of LQDA opened at $86.82 on Wednesday. Liquidia Corporation has a 52 week low of $16.82 and a 52 week high of $91.10. The company has a current ratio of 2.22, a quick ratio of 2.03 and a debt-to-equity ratio of 1.18. The firm has a market cap of $7.72 billion, a price-to-earnings ratio of 620.19 and a beta of 0.55. The stock has a 50 day moving average of $72.31 and a 200-day moving average of $50.98.

Liquidia (NASDAQ:LQDAGet Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.11. Liquidia had a return on equity of 46.82% and a net margin of 7.74%.The business had revenue of $132.87 million for the quarter, compared to analyst estimates of $119.44 million. The firm’s quarterly revenue was up 4187.1% on a year-over-year basis. As a group, analysts forecast that Liquidia Corporation will post 3.02 EPS for the current year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Oppenheimer set a $75.00 price target on shares of Liquidia in a research report on Friday, June 5th. Bank of America reiterated a “neutral” rating and set a $79.00 price objective (up from $64.00) on shares of Liquidia in a research note on Monday, June 29th. Wall Street Zen cut shares of Liquidia from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 27th. Piper Sandler set a $129.00 target price on Liquidia in a research note on Friday. Finally, Wells Fargo & Company increased their price target on Liquidia from $51.00 to $62.00 and gave the stock an “overweight” rating in a research report on Tuesday, May 12th. Three equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.18.

Check Out Our Latest Research Report on LQDA

Key Headlines Impacting Liquidia

Here are the key news stories impacting Liquidia this week:

Hedge Funds Weigh In On Liquidia

Several institutional investors have recently modified their holdings of the company. Handelsbanken Fonder AB bought a new position in Liquidia in the 2nd quarter worth approximately $1,993,000. Fulcrum Equity Management bought a new stake in Liquidia during the 2nd quarter valued at $399,000. Fluent Financial LLC acquired a new position in Liquidia during the 2nd quarter worth $287,000. FNY Investment Advisers LLC bought a new position in shares of Liquidia in the second quarter worth $1,395,000. Finally, Seven Fleet Capital Management LP increased its holdings in shares of Liquidia by 124.5% during the first quarter. Seven Fleet Capital Management LP now owns 204,876 shares of the company’s stock valued at $7,732,000 after purchasing an additional 113,609 shares during the period. Institutional investors own 64.54% of the company’s stock.

About Liquidia

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Liquidia Technologies, Inc is a clinical-stage biopharmaceutical company headquartered in Research Triangle Park, North Carolina. The company leverages its proprietary PRINT® (Particle Replication In Non-wetting Templates) platform to engineer precisely shaped and sized drug particles, with the goal of improving delivery, efficacy and safety profiles. By controlling particle characteristics at the nanoscale, Liquidia seeks to enhance respiratory and other therapies that depend on targeted delivery.

The company’s lead product candidate, LIQ861, is a dry powder formulation of treprostinil designed for inhalation in patients with pulmonary arterial hypertension (PAH).

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Insider Buying and Selling by Quarter for Liquidia (NASDAQ:LQDA)

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