Eiger Biopharmaceuticals Inc (NASDAQ:EIGR) – Research analysts at Jefferies Financial Group boosted their FY2019 earnings estimates for Eiger Biopharmaceuticals in a research note issued to investors on Sunday, November 10th. Jefferies Financial Group analyst M. Raycroft now forecasts that the biotechnology company will earn ($0.47) per share for the year, up from their previous forecast of ($0.65). Jefferies Financial Group also issued estimates for Eiger Biopharmaceuticals’ FY2020 earnings at ($2.16) EPS and FY2021 earnings at $0.27 EPS.
Eiger Biopharmaceuticals (NASDAQ:EIGR) last issued its earnings results on Thursday, November 7th. The biotechnology company reported ($0.76) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.75) by ($0.01).
EIGR stock opened at $11.64 on Wednesday. The company has a market capitalization of $268.17 million, a P/E ratio of -3.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.44, a quick ratio of 6.83 and a current ratio of 6.83. Eiger Biopharmaceuticals has a 52-week low of $8.40 and a 52-week high of $15.33. The business has a 50-day simple moving average of $10.59 and a two-hundred day simple moving average of $10.76.
Large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in shares of Eiger Biopharmaceuticals by 281.9% in the second quarter. BlackRock Inc. now owns 1,729,161 shares of the biotechnology company’s stock worth $18,330,000 after purchasing an additional 1,276,408 shares in the last quarter. Cormorant Asset Management LP acquired a new stake in Eiger Biopharmaceuticals during the second quarter worth $12,190,000. Vanguard Group Inc. boosted its stake in Eiger Biopharmaceuticals by 39.0% during the second quarter. Vanguard Group Inc. now owns 1,070,914 shares of the biotechnology company’s stock worth $11,352,000 after buying an additional 300,279 shares in the last quarter. Farallon Capital Management LLC acquired a new stake in Eiger Biopharmaceuticals during the second quarter worth $10,600,000. Finally, Citadel Advisors LLC acquired a new stake in shares of Eiger Biopharmaceuticals in the 2nd quarter valued at $3,168,000. 82.92% of the stock is owned by institutional investors and hedge funds.
About Eiger Biopharmaceuticals
Eiger BioPharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the development and commercialization of targeted therapies for rare diseases in the United States and internationally. The company's lead program is Lonafarnib, an orally bioavailable, small molecule, which is in Phase III clinical trial for treating hepatitis delta virus (HDV) infection.
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