Radius Health (RDUS) Downgraded to Strong Sell at BidaskClub

BidaskClub lowered shares of Radius Health (NASDAQ:RDUS) from a sell rating to a strong sell rating in a research note published on Thursday morning.

Other research analysts have also issued research reports about the stock. Maxim Group restated a positive rating on shares of Radius Health in a research report on Friday, September 29th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Radius Health from a hold rating to a sell rating in a research report on Wednesday, October 4th. Goldman Sachs Group restated a neutral rating and issued a $45.00 price target on shares of Radius Health in a research report on Friday, October 6th. Jefferies Group restated a hold rating and issued a $38.00 price target (up previously from $34.00) on shares of Radius Health in a research report on Wednesday, August 9th. Finally, Cantor Fitzgerald restated a buy rating and issued a $58.00 price target on shares of Radius Health in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $48.00.

Radius Health (NASDAQ:RDUS) traded up $4.19 during midday trading on Thursday, hitting $31.60. 3,177,600 shares of the company were exchanged, compared to its average volume of 974,338. Radius Health has a fifty-two week low of $24.66 and a fifty-two week high of $49.39. The company has a current ratio of 12.87, a quick ratio of 12.79 and a debt-to-equity ratio of 0.53.

Radius Health (NASDAQ:RDUS) last posted its quarterly earnings data on Thursday, November 2nd. The biopharmaceutical company reported ($1.31) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.28) by ($0.03). The company had revenue of $13.50 million for the quarter, compared to analyst estimates of $6.90 million. During the same quarter in the previous year, the company earned ($1.07) EPS. sell-side analysts predict that Radius Health will post -5.57 EPS for the current fiscal year.

In other news, major shareholder Growth N. V. Biotech acquired 50,000 shares of the stock in a transaction on Tuesday, November 14th. The shares were purchased at an average cost of $26.25 per share, for a total transaction of $1,312,500.00. Following the transaction, the insider now owns 5,698,799 shares in the company, valued at approximately $149,593,473.75. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Growth N. V. Biotech acquired 150,000 shares of the stock in a transaction on Thursday, September 14th. The shares were purchased at an average price of $33.45 per share, for a total transaction of $5,017,500.00. Following the completion of the transaction, the insider now owns 5,448,799 shares in the company, valued at approximately $182,262,326.55. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 367,678 shares of company stock worth $11,746,498. 15.00% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of RDUS. Teachers Advisors LLC grew its position in Radius Health by 4.4% during the 1st quarter. Teachers Advisors LLC now owns 54,024 shares of the biopharmaceutical company’s stock worth $2,088,000 after purchasing an additional 2,289 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Radius Health by 144.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 12,562 shares of the biopharmaceutical company’s stock valued at $568,000 after buying an additional 7,417 shares during the period. Sei Investments Co. boosted its stake in shares of Radius Health by 27.7% during the 2nd quarter. Sei Investments Co. now owns 3,180 shares of the biopharmaceutical company’s stock valued at $144,000 after buying an additional 690 shares during the period. TD Asset Management Inc. boosted its stake in shares of Radius Health by 68.0% during the 2nd quarter. TD Asset Management Inc. now owns 145,970 shares of the biopharmaceutical company’s stock valued at $6,602,000 after buying an additional 59,100 shares during the period. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Radius Health by 20.0% during the 2nd quarter. Pictet Asset Management Ltd. now owns 641,388 shares of the biopharmaceutical company’s stock valued at $22,205,000 after buying an additional 106,849 shares during the period.

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About Radius Health

Radius Health, Inc is a biopharmaceutical company. The Company is focused on the developing therapeutics in the areas of osteoporosis, oncology and endocrine diseases. The Company’s lead investigational product candidate, TYMLOS (abaloparatide-SC) injection is developed for the treatment of postmenopausal women with osteoporosis at high risk for fracture.

Analyst Recommendations for Radius Health (NASDAQ:RDUS)

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