BidaskClub Lowers Audentes Therapeutics (BOLD) to Buy

BidaskClub downgraded shares of Audentes Therapeutics (NASDAQ:BOLD) from a strong-buy rating to a buy rating in a report issued on Wednesday morning.

BOLD has been the topic of several other research reports. Zacks Investment Research cut Audentes Therapeutics from a hold rating to a sell rating in a report on Friday, November 17th. ValuEngine lowered Audentes Therapeutics from a hold rating to a sell rating in a research note on Friday, October 13th. Leerink Swann reaffirmed an outperform rating and set a $29.00 price target (up previously from $22.00) on shares of Audentes Therapeutics in a research note on Wednesday, November 15th. William Blair initiated coverage on Audentes Therapeutics in a research note on Tuesday, October 17th. They set an outperform rating and a $35.00 price target on the stock. Finally, Raymond James Financial initiated coverage on Audentes Therapeutics in a research note on Thursday, October 12th. They set a market perform rating on the stock. Two research analysts have rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. Audentes Therapeutics presently has an average rating of Hold and a consensus price target of $28.29.

Shares of Audentes Therapeutics (NASDAQ:BOLD) traded up $0.24 during trading hours on Wednesday, reaching $29.13. The company’s stock had a trading volume of 174,543 shares, compared to its average volume of 217,480. Audentes Therapeutics has a 52-week low of $13.90 and a 52-week high of $33.43.

Audentes Therapeutics (NASDAQ:BOLD) last announced its quarterly earnings results on Tuesday, November 14th. The biotechnology company reported ($0.88) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.88). equities research analysts anticipate that Audentes Therapeutics will post -3.52 EPS for the current fiscal year.

In other news, SVP Mary Newman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $26.84, for a total transaction of $268,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Suyash Prasad sold 8,000 shares of the firm’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $28.53, for a total value of $228,240.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 761,500 shares of company stock worth $21,457,100. 47.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Audentes Therapeutics during the third quarter worth about $143,000. Nationwide Fund Advisors grew its holdings in shares of Audentes Therapeutics by 288.9% during the second quarter. Nationwide Fund Advisors now owns 8,594 shares of the biotechnology company’s stock worth $164,000 after buying an additional 6,384 shares in the last quarter. State of Wisconsin Investment Board bought a new position in shares of Audentes Therapeutics during the second quarter worth about $210,000. Rhumbline Advisers bought a new position in Audentes Therapeutics in the second quarter valued at approximately $252,000. Finally, Virtu KCG Holdings LLC bought a new position in Audentes Therapeutics in the second quarter valued at approximately $257,000. 78.99% of the stock is currently owned by institutional investors.

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Audentes Therapeutics Company Profile

Audentes Therapeutics, Inc is an early-stage biotechnology company. The Company is focused on developing and commercializing gene therapy products for patients suffering from serious, life-threatening rare diseases caused by single gene defects. The Company has a portfolio of product candidates, including AT132 for the treatment of X-Linked Myotubular Myopathy (XLMTM); AT342 for the treatment of Crigler-Najjar Syndrome (Crigler-Najjar); AT982 for the treatment of Pompe disease, and AT307 for the treatment of the CASQ2 subtype of Catecholaminergic Polymorphic Ventricular Tachycardia (CASQ2-CPVT).

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