Rubius Therapeutics (NASDAQ:RUBY) Issues Earnings Results, Misses Estimates By $0.04 EPS

Rubius Therapeutics (NASDAQ:RUBY) released its quarterly earnings data on Tuesday. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.46) by ($0.04), Briefing.com reports. During the same period in the previous year, the business posted ($3.33) earnings per share.

NASDAQ:RUBY traded up $0.05 during mid-day trading on Tuesday, reaching $11.26. The stock had a trading volume of 5,710 shares, compared to its average volume of 188,084. The company has a 50 day moving average of $14.13. Rubius Therapeutics has a fifty-two week low of $10.47 and a fifty-two week high of $26.90. The company has a market cap of $897.70 million and a PE ratio of -4.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 18.64 and a current ratio of 18.64.

In other Rubius Therapeutics news, Director Robert Langer sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $14.94, for a total transaction of $112,050.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Christopher L. Carpenter sold 47,757 shares of the company’s stock in a transaction that occurred on Wednesday, June 19th. The stock was sold at an average price of $14.02, for a total value of $669,553.14. The disclosure for this sale can be found here. Corporate insiders own 58.40% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. Jennison Associates LLC boosted its position in Rubius Therapeutics by 0.4% during the first quarter. Jennison Associates LLC now owns 479,398 shares of the company’s stock worth $8,677,000 after purchasing an additional 1,802 shares during the period. Bank of Montreal Can bought a new stake in Rubius Therapeutics during the second quarter worth approximately $46,000. Metropolitan Life Insurance Co NY boosted its position in Rubius Therapeutics by 65.0% during the first quarter. Metropolitan Life Insurance Co NY now owns 11,867 shares of the company’s stock worth $214,000 after purchasing an additional 4,676 shares during the period. Metropolitan Life Insurance Co. NY boosted its position in Rubius Therapeutics by 320.5% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,191 shares of the company’s stock worth $116,000 after purchasing an additional 5,481 shares during the period. Finally, MetLife Investment Advisors LLC boosted its position in Rubius Therapeutics by 52.2% during the first quarter. MetLife Investment Advisors LLC now owns 16,410 shares of the company’s stock worth $297,000 after purchasing an additional 5,629 shares during the period. 95.60% of the stock is owned by hedge funds and other institutional investors.

RUBY has been the topic of a number of research reports. ValuEngine upgraded Rubius Therapeutics from a “hold” rating to a “buy” rating in a report on Thursday, August 1st. HC Wainwright initiated coverage on Rubius Therapeutics in a report on Wednesday, June 26th. They issued a “buy” rating and a $40.00 price objective on the stock. Zacks Investment Research upgraded Rubius Therapeutics from a “sell” rating to a “hold” rating in a report on Wednesday, July 24th. Finally, Guggenheim initiated coverage on Rubius Therapeutics in a report on Thursday, May 30th. They issued a “buy” rating and a $25.00 price objective on the stock. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $31.00.

Rubius Therapeutics Company Profile

Rubius Therapeutics, Inc focuses on the development of red cell therapeutics (RCTs) for the treatment of patients with severe diseases. The company is developing various RCTs, such as RTX-134 for treatment of phenylketonuria; RTX-Uricase for treatment of chronic refractory gout; RTX-CBS for treatment of homocystinuria; and RTX-OxOx for the treatment of second-line hyperoxaluria.

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Earnings History for Rubius Therapeutics (NASDAQ:RUBY)

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