Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Redhill Biopharma from a hold rating to a sell rating in a report on Saturday, July 29th. Roth Capital set a $27.00 target price on shares of Redhill Biopharma and gave the company a buy rating in a report on Monday, July 31st. HC Wainwright set a $33.00 target price on shares of Redhill Biopharma and gave the company a buy rating in a report on Thursday, June 15th. Finally, FBR & Co reaffirmed a buy rating on shares of Redhill Biopharma in a report on Friday, June 16th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $23.69.
Redhill Biopharma (NASDAQ RDHL) traded down 0.47% during midday trading on Wednesday, reaching $8.53. The company had a trading volume of 8,307 shares. The stock’s 50 day moving average price is $8.85 and its 200-day moving average price is $9.40. The firm’s market capitalization is $146.40 million. Redhill Biopharma has a one year low of $8.16 and a one year high of $15.35.
Redhill Biopharma (NASDAQ:RDHL) last issued its earnings results on Tuesday, July 25th. The biotechnology company reported ($0.60) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.58) by ($0.02). The firm had revenue of $0.48 million for the quarter, compared to the consensus estimate of $0.34 million. On average, equities research analysts anticipate that Redhill Biopharma will post ($2.36) earnings per share for the current year.
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A number of institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC raised its holdings in Redhill Biopharma by 144.1% in the 1st quarter. Renaissance Technologies LLC now owns 62,000 shares of the biotechnology company’s stock valued at $595,000 after acquiring an additional 36,600 shares during the period. D.A. Davidson & CO. raised its holdings in Redhill Biopharma by 10.0% in the 2nd quarter. D.A. Davidson & CO. now owns 44,000 shares of the biotechnology company’s stock valued at $379,000 after acquiring an additional 4,000 shares during the period. Jane Street Group LLC bought a new position in Redhill Biopharma in the 1st quarter valued at about $276,000. Family Management Corp raised its holdings in Redhill Biopharma by 51.5% in the 2nd quarter. Family Management Corp now owns 25,750 shares of the biotechnology company’s stock valued at $222,000 after acquiring an additional 8,750 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in Redhill Biopharma by 10.8% in the 2nd quarter. Oppenheimer & Co. Inc. now owns 25,569 shares of the biotechnology company’s stock valued at $220,000 after acquiring an additional 2,500 shares during the period. 10.99% of the stock is currently owned by hedge funds and other institutional investors.
About Redhill Biopharma
Redhill Biopharma Ltd, is an Israel-based specialty biopharmaceutical company. The Company focuses on the development and commercialization of late clinical-stage, proprietary, orally-administered, small molecule drugs for the treatment of gastrointestinal and inflammatory diseases and cancer. It offers the following gastrointestinal products in the United States: Donnatal, a prescription oral adjunctive drug used in the treatment of Irritable Bowel Syndrome (IBS) and acute enterocolitis, as well as EnteraGam, a medical food intended for the dietary management, under medical supervision, of chronic diarrhea and loose stools.
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