The stock of Esperion Therapeutics Inc. (NASDAQ:ESPR) last traded at $1.44, down -5.88% from the previous session.
Data from the available sources indicates that Esperion Therapeutics Inc. (NASDAQ:ESPR) is covered by 9 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $2.00, we find $9.00. Given the previous closing price of $1.53, this indicates a potential upside of 488.24 percent. ESPR stock price is now -3.35% away from the 50-day moving average and -62.15% away from the 200-day moving average. The market capitalization of the company currently stands at $149.66M.
In total, 2 analysts have assigned it a hold rating, and 7 have given it a buy rating. Brokers who have rated the stock have averaged $10.28 as their price target over the next twelve months.
In other news, Warren Eric, Chief Commercial Officer sold 106 shares of the company’s stock on Jul 19. The stock was sold for $168 at an average price of $1.58. Upon completion of the transaction, the Chief Commercial Officer now directly owns 69,303 shares in the company, valued at $99796.32. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 21, Chief Commercial Officer Warren Eric sold 603 shares of the business’s stock. A total of $894 was realized by selling the stock at an average price of $1.48. This leaves the insider owning 69,409 shares of the company worth $99948.96. Insiders disposed of 41,255 shares of company stock worth roughly $59407.2 over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ESPR stock. A new stake in Esperion Therapeutics Inc. shares was purchased by TWO SEAS CAPITAL LP during the first quarter worth $4,236,000. NORGES BANK invested $1,060,000 in shares of ESPR during the first quarter. In the first quarter, DAVIDSON KEMPNER PARTNERS acquired a new stake in Esperion Therapeutics Inc. valued at approximately $320,000. RENAISSANCE TECHNOLOGIES LLC acquired a new stake in ESPR for approximately $165,000. Y-INTERCEPT (HONG KONG) LTD purchased a new stake in ESPR valued at around $157,000 in the second quarter. In total, there are 211 active investors with 87.80% ownership of the company’s stock.
With an opening price of $1.5400 on Thursday morning, Esperion Therapeutics Inc. (NASDAQ: ESPR) set off the trading day. During the past 12 months, Esperion Therapeutics Inc. has had a low of $1.12 and a high of $8.87. The fifty day moving average price for ESPR is $1.4914 and a two-hundred day moving average price translates $3.7717 for the stock.
The latest earnings results from Esperion Therapeutics Inc. (NASDAQ: ESPR) was released for Jun, 2023. According to the Drug Manufacturers – Specialty & Generic Company, earnings per share came in at -$0.46, beating analysts’ expectations of -$0.61 by 0.15. This compares to -$1.05 EPS in the same period last year. The company reported revenue of $25.79 million for the quarter, compared to $18.84 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 36.86 percent. For the current quarter, analysts expect ESPR to generate $29.5M in revenue.
Esperion Therapeutics Inc.(ESPR) Company Profile
Esperion Therapeutics, Inc., a pharmaceutical company, develops and commercializes medicines for the treatment of patients with elevated low density lipoprotein cholesterol. Its lead product candidates are NEXLETOL (bempedoic acid) and NEXLIZET (bempedoic acid and ezetimibe) tablets for the treatment of patients with atherosclerotic cardiovascular disease or heterozygous familial hypercholesterolemia. The company has a license and collaboration agreement with Daiichi Sankyo Europe GmbH; and Serometrix to in-license its oral, small molecule PCSK9 inhibitor program. Esperion Therapeutics, Inc. was incorporated in 2008 and is headquartered in Ann Arbor, Michigan.
