Repligen (NASDAQ:RGEN) released its earnings results on Thursday. The biotechnology company reported $0.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.21, MarketWatch Earnings reports. The company had revenue of $51.90 million for the quarter, compared to analysts’ expectations of $50.27 million. Repligen had a return on equity of 5.39% and a net margin of 12.61%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.20 EPS. Repligen updated its FY 2019 guidance to $0.81-0.86 EPS and its FY19 guidance to $0.81-0.86 EPS.
RGEN traded down $2.39 during trading hours on Thursday, hitting $56.61. The stock had a trading volume of 20,242 shares, compared to its average volume of 254,928. Repligen has a 1 year low of $31.46 and a 1 year high of $70.50. The firm has a market cap of $2.61 billion, a P/E ratio of 81.99, a price-to-earnings-growth ratio of 3.99 and a beta of 1.04.
A number of equities research analysts have recently commented on RGEN shares. HC Wainwright reiterated a “hold” rating and set a $60.00 target price on shares of Repligen in a research note on Monday, November 5th. CL King cut Repligen from a “buy” rating to a “neutral” rating in a research note on Monday, November 12th. BidaskClub cut Repligen from a “buy” rating to a “hold” rating in a research note on Wednesday, January 2nd. JPMorgan Chase & Co. lifted their target price on Repligen from $60.00 to $70.00 and gave the stock an “overweight” rating in a research note on Friday, November 2nd. Finally, Zacks Investment Research raised Repligen from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a report on Wednesday, November 28th. Four investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $59.20.
A number of hedge funds have recently bought and sold shares of RGEN. Bank of America Corp DE grew its holdings in Repligen by 22.2% during the 2nd quarter. Bank of America Corp DE now owns 98,716 shares of the biotechnology company’s stock valued at $4,644,000 after buying an additional 17,923 shares in the last quarter. Millennium Management LLC purchased a new position in Repligen during the 2nd quarter valued at about $1,628,000. Bank of New York Mellon Corp grew its holdings in Repligen by 2.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 498,849 shares of the biotechnology company’s stock valued at $23,466,000 after buying an additional 14,041 shares in the last quarter. Northern Trust Corp grew its holdings in Repligen by 5.2% during the 2nd quarter. Northern Trust Corp now owns 543,817 shares of the biotechnology company’s stock valued at $25,581,000 after buying an additional 27,062 shares in the last quarter. Finally, Aperio Group LLC grew its holdings in Repligen by 5.5% during the 3rd quarter. Aperio Group LLC now owns 44,515 shares of the biotechnology company’s stock valued at $2,469,000 after buying an additional 2,319 shares in the last quarter. 90.51% of the stock is owned by institutional investors and hedge funds.
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Repligen Corporation develops, manufactures, and sells products used to enhance the interconnected phases of the biological drug manufacturing process worldwide. It offers Protein A ligands to life sciences companies, which are the binding components of Protein A affinity resins; and growth factor products used to supplement cell culture media.
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