Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) SVP Michael S. Aberman sold 2,269 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $532.42, for a total transaction of $1,208,060.98. Following the completion of the transaction, the senior vice president now owns 9,193 shares of the company’s stock, valued at approximately $4,894,537.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Shares of Regeneron Pharmaceuticals, Inc. (NASDAQ:REGN) traded down 0.27% during midday trading on Monday, reaching $515.91. 1,172,490 shares of the company were exchanged. Regeneron Pharmaceuticals, Inc. has a 52-week low of $325.35 and a 52-week high of $521.51. The stock has a market capitalization of $54.47 billion, a price-to-earnings ratio of 62.45 and a beta of 1.53. The company’s 50-day moving average price is $456.19 and its 200 day moving average price is $393.90. Regeneron Pharmaceuticals also saw some unusual options trading activity on Friday. Traders purchased 1,150 put options on the company. This represents an increase of 496% compared to the typical daily volume of 193 put options.
Regeneron Pharmaceuticals (NASDAQ:REGN) last issued its earnings results on Thursday, May 4th. The biopharmaceutical company reported $2.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.42. Regeneron Pharmaceuticals had a net margin of 19.34% and a return on equity of 22.99%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the company earned $2.57 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts predict that Regeneron Pharmaceuticals, Inc. will post $12.68 earnings per share for the current year.
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Several equities analysts have issued reports on REGN shares. Piper Jaffray Companies set a $446.00 price objective on shares of Regeneron Pharmaceuticals and gave the company a “buy” rating in a research note on Wednesday, March 8th. Vetr upgraded shares of Regeneron Pharmaceuticals from a “buy” rating to a “strong-buy” rating and set a $475.44 target price for the company in a research note on Wednesday, March 15th. Oppenheimer Holdings, Inc. began coverage on shares of Regeneron Pharmaceuticals in a research note on Thursday, March 16th. They set a “hold” rating for the company. CIBC began coverage on shares of Regeneron Pharmaceuticals in a research note on Friday, March 17th. They set a “market perform” rating for the company. Finally, Canaccord Genuity reiterated a “hold” rating and set a $375.00 target price on shares of Regeneron Pharmaceuticals in a research note on Friday, March 17th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $446.41.
A number of institutional investors have recently added to or reduced their stakes in the company. Korea Investment CORP boosted its stake in shares of Regeneron Pharmaceuticals by 223.9% in the first quarter. Korea Investment CORP now owns 298 shares of the biopharmaceutical company’s stock worth $115,000 after buying an additional 206 shares during the last quarter. FNY Managed Accounts LLC acquired a new position in shares of Regeneron Pharmaceuticals during the first quarter valued at approximately $140,000. Alpha Windward LLC increased its position in shares of Regeneron Pharmaceuticals by 4.4% in the first quarter. Alpha Windward LLC now owns 383 shares of the biopharmaceutical company’s stock valued at $148,000 after buying an additional 16 shares during the last quarter. Welch & Forbes LLC acquired a new position in shares of Regeneron Pharmaceuticals during the first quarter valued at approximately $211,000. Finally, Comerica Securities Inc. acquired a new position in shares of Regeneron Pharmaceuticals during the first quarter valued at approximately $213,000. 66.90% of the stock is owned by hedge funds and other institutional investors.
Regeneron Pharmaceuticals Company Profile
Regeneron Pharmaceuticals, Inc is a biopharmaceutical company that discovers, invents, develops, manufactures and commercializes medicines for the treatment of serious medical conditions. The Company commercializes medicines for eye diseases, high low-density lipoprotein (LDL) cholesterol, and an inflammatory condition and have product candidates in development in other areas, including rheumatoid arthritis, asthma, atopic dermatitis, pain, cancer, and infectious diseases.
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