Amicus Therapeutics, Inc. (NASDAQ:FOLD) has earned an average rating of “Buy” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $18.58.
A number of equities analysts recently weighed in on FOLD shares. Leerink Swann reissued an “outperform” rating and set a $17.00 price objective (down from $18.00) on shares of Amicus Therapeutics in a report on Saturday, September 16th. Zacks Investment Research lowered Amicus Therapeutics from a “hold” rating to a “sell” rating in a research report on Tuesday, December 19th. Goldman Sachs Group restated a “neutral” rating and set a $17.00 price target on shares of Amicus Therapeutics in a research report on Friday, October 6th. Chardan Capital restated a “buy” rating and set a $16.50 price target (down from $17.50) on shares of Amicus Therapeutics in a research report on Wednesday, September 13th. Finally, Bank of America raised their price target on Amicus Therapeutics from $15.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, October 4th.
Amicus Therapeutics (NASDAQ FOLD) opened at $15.44 on Friday. The firm has a market capitalization of $2,570.00, a PE ratio of -8.44 and a beta of 1.72. The company has a current ratio of 6.32, a quick ratio of 6.22 and a debt-to-equity ratio of 0.39. Amicus Therapeutics has a 1-year low of $5.07 and a 1-year high of $16.60.
In other news, Director Donald J. Hayden, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $15.00, for a total value of $300,000.00. Following the completion of the transaction, the director now owns 25,814 shares in the company, valued at approximately $387,210. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jay Barth sold 5,000 shares of Amicus Therapeutics stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $14.71, for a total value of $73,550.00. Following the transaction, the insider now owns 69,184 shares of the company’s stock, valued at approximately $1,017,696.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 826,114 shares of company stock valued at $11,791,184. 3.40% of the stock is currently owned by company insiders.
A number of large investors have recently made changes to their positions in FOLD. Aperio Group LLC raised its stake in Amicus Therapeutics by 13.5% during the second quarter. Aperio Group LLC now owns 13,986 shares of the biopharmaceutical company’s stock valued at $141,000 after buying an additional 1,663 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in Amicus Therapeutics by 5.3% during the second quarter. Schwab Charles Investment Management Inc. now owns 592,934 shares of the biopharmaceutical company’s stock valued at $5,971,000 after buying an additional 29,983 shares during the last quarter. Rhumbline Advisers raised its stake in Amicus Therapeutics by 2.0% during the second quarter. Rhumbline Advisers now owns 138,438 shares of the biopharmaceutical company’s stock valued at $1,394,000 after buying an additional 2,690 shares during the last quarter. State of Wisconsin Investment Board purchased a new position in Amicus Therapeutics during the second quarter valued at $1,057,000. Finally, Legal & General Group Plc raised its stake in Amicus Therapeutics by 1.6% during the second quarter. Legal & General Group Plc now owns 55,411 shares of the biopharmaceutical company’s stock valued at $558,000 after buying an additional 852 shares during the last quarter.
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About Amicus Therapeutics
Amicus Therapeutics, Inc is a biotechnology company. The Company is engaged in the discovery, development and commercialization of a set of treatments for patients living with devastating rare and orphan diseases. Its lead product, migalastat HCl is a small molecule that can be used as a monotherapy and in combination with enzyme replacement therapy (ERT) for Fabry disease.
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