Valeritas Holdings, Inc. (NASDAQ:VLRX) has earned an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.
Analysts have set a 1 year consensus price objective of $15.00 for the company and are predicting that the company will post ($4.95) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Valeritas Holdings an industry rank of 148 out of 265 based on the ratings given to its competitors.
A number of brokerages recently issued reports on VLRX. B. Riley restated a “buy” rating and issued a $10.00 target price on shares of Valeritas Holdings in a research note on Tuesday, April 4th. Cowen and Company began coverage on Valeritas Holdings in a research note on Monday, April 17th. They issued an “outperform” rating for the company.
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Valeritas Holdings (NASDAQ:VLRX) traded down 0.30% during midday trading on Thursday, hitting $6.43. The company had a trading volume of 41,816 shares. The company’s market capitalization is $10.55 million. The stock has a 50 day moving average price of $6.92 and a 200 day moving average price of $27.25. Valeritas Holdings has a 52 week low of $5.20 and a 52 week high of $52.00.
Valeritas Holdings (NASDAQ:VLRX) last issued its earnings results on Tuesday, February 21st. The company reported ($0.77) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.76) by $0.01. The company had revenue of $4.80 million during the quarter, compared to the consensus estimate of $4.96 million. Equities analysts forecast that Valeritas Holdings will post ($6.59) earnings per share for the current fiscal year.
In related news, major shareholder Capital Royalty L.P. acquired 4,000,000 shares of Valeritas Holdings stock in a transaction on Tuesday, March 28th. The stock was acquired at an average price of $10.00 per share, for a total transaction of $40,000,000.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Erick Lucera acquired 3,000 shares of Valeritas Holdings stock in a transaction on Thursday, March 23rd. The shares were bought at an average price of $10.00 per share, with a total value of $30,000.00. Following the purchase, the chief financial officer now directly owns 3,000 shares in the company, valued at approximately $30,000. The disclosure for this purchase can be found here. Insiders purchased a total of 4,004,400 shares of company stock valued at $40,044,000 in the last 90 days.
About Valeritas Holdings
Valeritas, Inc is a United States-based company, which is engaged in developing and commercializing treatment solutions that contribute to clinical outcomes for patients. The Company’s portfolio includes V-Go disposable insulin delivery device, which is distributed through retail pharmacy. Its V-Go delivers insulin at a continuous preset basal rate and bolus dosing for adults with Type 2 diabetes requiring insulin.
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