Insys Therapeutics (NASDAQ:INSY) released its quarterly earnings results on Monday. The specialty pharmaceutical company reported ($0.40) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.32) by ($0.08), Morningstar.com reports. Insys Therapeutics had a negative net margin of 238.31% and a negative return on equity of 130.43%. The business had revenue of $18.30 million during the quarter, compared to analyst estimates of $24.05 million. During the same quarter last year, the company posted ($2.30) earnings per share. The company’s revenue was down 40.4% on a year-over-year basis.
Insys Therapeutics stock traded up $0.23 during trading hours on Wednesday, reaching $7.77. 19,479 shares of the stock were exchanged, compared to its average volume of 388,011. The company has a market capitalization of $664.49 million, a price-to-earnings ratio of -15.39 and a beta of 1.67. Insys Therapeutics has a twelve month low of $4.90 and a twelve month high of $14.00.
A number of institutional investors have recently made changes to their positions in the business. BlackRock Inc. lifted its holdings in shares of Insys Therapeutics by 7.9% in the second quarter. BlackRock Inc. now owns 2,637,505 shares of the specialty pharmaceutical company’s stock worth $19,096,000 after acquiring an additional 193,740 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Insys Therapeutics by 10.1% in the second quarter. Northern Trust Corp now owns 348,334 shares of the specialty pharmaceutical company’s stock worth $2,522,000 after acquiring an additional 32,009 shares during the last quarter. Millennium Management LLC bought a new position in shares of Insys Therapeutics in the second quarter worth about $1,232,000. Schwab Charles Investment Management Inc. lifted its holdings in shares of Insys Therapeutics by 33.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 126,335 shares of the specialty pharmaceutical company’s stock worth $915,000 after acquiring an additional 31,840 shares during the last quarter. Finally, Engineers Gate Manager LP bought a new position in shares of Insys Therapeutics in the third quarter worth about $969,000. Hedge funds and other institutional investors own 18.04% of the company’s stock.
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Insys Therapeutics Company Profile
Insys Therapeutics, Inc, a specialty pharmaceutical company, develops and commercializes supportive care products. The company markets SUBSYS, a sublingual fentanyl spray for breakthrough cancer pain in opioid-tolerant adult patients; and SYNDROS, an orally administered liquid formulation of dronabinol for the treatment of chemotherapy-induced nausea and vomiting, and anorexia associated with weight loss in patients with AIDS.
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