Apollo Endosurgery (APEN) Receives $10.25 Consensus Target Price from Analysts

Apollo Endosurgery (NASDAQ:APEN) has received a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $10.25.

A number of research firms have recently issued reports on APEN. Piper Jaffray began coverage on shares of Apollo Endosurgery in a report on Friday. They set an “overweight” rating and a $8.00 target price for the company. Zacks Investment Research lowered shares of Apollo Endosurgery from a “hold” rating to a “sell” rating in a report on Tuesday, March 6th. Northland Securities reaffirmed a “buy” rating and set a $12.00 target price on shares of Apollo Endosurgery in a report on Thursday, February 8th. Roth Capital set a $10.00 target price on shares of Apollo Endosurgery and gave the stock a “buy” rating in a report on Thursday, January 4th. Finally, ValuEngine raised shares of Apollo Endosurgery from a “strong sell” rating to a “sell” rating in a report on Wednesday, January 3rd.

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In other Apollo Endosurgery news, Director Matthew S. Crawford bought 4,038 shares of the company’s stock in a transaction dated Friday, March 9th. The stock was acquired at an average price of $6.20 per share, with a total value of $25,035.60. Following the completion of the acquisition, the director now directly owns 53,715 shares of the company’s stock, valued at $333,033. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 52.80% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Renaissance Technologies LLC purchased a new stake in shares of Apollo Endosurgery during the fourth quarter worth $126,000. JPMorgan Chase & Co. purchased a new stake in shares of Apollo Endosurgery in the third quarter valued at about $119,000. Ardsley Advisory Partners grew its holdings in shares of Apollo Endosurgery by 53.2% in the fourth quarter. Ardsley Advisory Partners now owns 28,800 shares of the biotechnology company’s stock valued at $161,000 after purchasing an additional 10,000 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of Apollo Endosurgery in the third quarter valued at about $1,288,000. Finally, Stonepine Capital Management LLC grew its holdings in shares of Apollo Endosurgery by 8.3% in the fourth quarter. Stonepine Capital Management LLC now owns 2,560,314 shares of the biotechnology company’s stock valued at $14,338,000 after purchasing an additional 195,607 shares during the period. 31.20% of the stock is owned by institutional investors and hedge funds.

NASDAQ:APEN opened at $5.90 on Friday. The company has a quick ratio of 1.68, a current ratio of 2.23 and a debt-to-equity ratio of 0.67. Apollo Endosurgery has a fifty-two week low of $3.55 and a fifty-two week high of $12.56.

Apollo Endosurgery (NASDAQ:APEN) last posted its quarterly earnings data on Thursday, March 1st. The biotechnology company reported ($0.42) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.34) by ($0.08). The company had revenue of $16.14 million for the quarter, compared to analyst estimates of $16.64 million. Apollo Endosurgery had a negative return on equity of 64.48% and a negative net margin of 42.35%. research analysts expect that Apollo Endosurgery will post -1.44 EPS for the current year.

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Apollo Endosurgery Company Profile

Apollo Endosurgery, Inc, a medical technology company, focuses on the design, development, and commercialization of medical devices for the treatment of obesity. The company offers endo-bariatric products, such as Orbera intragastric balloon system and Orbera365 Managed Weight Loss System, which are non-surgical alternatives for the treatment of overweight and obese adults; and OverStitch endoscopic suturing system that enables endoscopic procedures by allowing physicians to place full-thickness sutures and secure the approximation of tissue through flexible endoscope.

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