Agios Pharmaceuticals Inc (NASDAQ:AGIO)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $78.68 and last traded at $78.64, with a volume of 1195037 shares traded. The stock had previously closed at $69.89.
Several research firms have recently issued reports on AGIO. Credit Suisse Group lifted their price target on Agios Pharmaceuticals from $61.00 to $66.00 and gave the stock an “outperform” rating in a research report on Thursday, November 2nd. Oppenheimer reissued a “buy” rating and issued a $83.00 target price on shares of Agios Pharmaceuticals in a research report on Monday, December 11th. Zacks Investment Research raised Agios Pharmaceuticals from a “hold” rating to a “buy” rating and set a $84.00 target price for the company in a research report on Tuesday, January 16th. Canaccord Genuity set a $90.00 target price on Agios Pharmaceuticals and gave the stock a “buy” rating in a research report on Tuesday, December 12th. Finally, Cann reissued a “buy” rating on shares of Agios Pharmaceuticals in a research report on Tuesday, December 5th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $77.64.
The company has a market capitalization of $3,810.00, a PE ratio of -11.15 and a beta of 1.83.
In other Agios Pharmaceuticals news, Director Lewis Clayton Jr. Cantley sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $60.88, for a total transaction of $243,520.00. Following the completion of the sale, the director now directly owns 82,394 shares in the company, valued at approximately $5,016,146.72. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Scott Biller sold 2,146 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $62.69, for a total value of $134,532.74. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 80,130 shares of company stock valued at $5,561,250. Corporate insiders own 5.43% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC grew its stake in shares of Agios Pharmaceuticals by 14.1% during the 2nd quarter. FMR LLC now owns 7,227,331 shares of the biopharmaceutical company’s stock valued at $371,846,000 after purchasing an additional 895,584 shares during the period. Vanguard Group Inc. grew its stake in shares of Agios Pharmaceuticals by 23.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,214,770 shares of the biopharmaceutical company’s stock valued at $165,401,000 after acquiring an additional 617,379 shares during the period. Capital International Investors grew its stake in shares of Agios Pharmaceuticals by 0.3% during the 3rd quarter. Capital International Investors now owns 3,138,131 shares of the biopharmaceutical company’s stock valued at $209,470,000 after acquiring an additional 8,294 shares during the period. BlackRock Inc. grew its stake in shares of Agios Pharmaceuticals by 23.5% during the 2nd quarter. BlackRock Inc. now owns 2,675,380 shares of the biopharmaceutical company’s stock valued at $137,648,000 after acquiring an additional 508,306 shares during the period. Finally, State Street Corp grew its stake in shares of Agios Pharmaceuticals by 8.1% during the 2nd quarter. State Street Corp now owns 1,302,966 shares of the biopharmaceutical company’s stock valued at $67,036,000 after acquiring an additional 97,220 shares during the period. Institutional investors and hedge funds own 93.80% of the company’s stock.
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About Agios Pharmaceuticals
Agios Pharmaceuticals, Inc is a clinical-stage biopharmaceutical company. The Company’s therapeutic areas of focus are cancer and rare genetic metabolic disorders, which are a group of over 600 rare genetic diseases caused by mutations, or defects, of single metabolic genes. The Company’s cancer product candidates are enasidenib and ivosidenib (AG-120), which target mutated isocitrate dehydrogenase 2 (IDH2) and isocitrate dehydrogenase 1 (IDH1), respectively, and AG-881, which targets both mutated IDH1 and mutated IDH2.
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