Shares of Esperion Therapeutics, Inc. (NASDAQ:ESPR) have been assigned a consensus rating of “Buy” from the fifteen research firms that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold recommendation and nine have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $60.73.
A number of brokerages have recently issued reports on ESPR. Northland Securities reiterated a “buy” rating and set a $72.00 target price on shares of Esperion Therapeutics in a research report on Friday, November 10th. Stifel Nicolaus reiterated a “buy” rating and set a $70.00 target price on shares of Esperion Therapeutics in a research report on Wednesday, October 4th. Cowen and Company began coverage on Esperion Therapeutics in a research report on Thursday, September 7th. They set an “outperform” rating and a $64.00 target price on the stock. Zacks Investment Research upgraded Esperion Therapeutics from a “sell” rating to a “hold” rating in a research report on Wednesday, August 23rd. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $85.00 target price on shares of Esperion Therapeutics in a research report on Monday, August 21st.
Shares of Esperion Therapeutics (NASDAQ:ESPR) traded up $1.77 during trading hours on Monday, hitting $49.49. The stock had a trading volume of 495,757 shares, compared to its average volume of 1,051,113. Esperion Therapeutics has a 52-week low of $10.30 and a 52-week high of $57.40.
A number of hedge funds have recently made changes to their positions in the business. Iguana Healthcare Management LLC lifted its holdings in Esperion Therapeutics by 50.0% in the 3rd quarter. Iguana Healthcare Management LLC now owns 150,000 shares of the biopharmaceutical company’s stock valued at $7,518,000 after purchasing an additional 50,000 shares in the last quarter. California Public Employees Retirement System raised its holdings in shares of Esperion Therapeutics by 14.9% during the 3rd quarter. California Public Employees Retirement System now owns 48,158 shares of the biopharmaceutical company’s stock worth $2,414,000 after acquiring an additional 6,258 shares during the period. Perceptive Advisors LLC purchased a new position in shares of Esperion Therapeutics during the 3rd quarter worth $540,000. Caisse DE Depot ET Placement DU Quebec purchased a new position in shares of Esperion Therapeutics during the 3rd quarter worth $12,583,000. Finally, OxFORD Asset Management LLP purchased a new position in shares of Esperion Therapeutics during the 3rd quarter worth $715,000. Institutional investors own 89.12% of the company’s stock.
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Esperion Therapeutics Company Profile
Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.
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