Halozyme Therapeutics (NASDAQ:HALO) had its price objective lifted by analysts at Piper Sandler from $42.00 to $50.00 in a research note issued on Thursday, The Fly reports. The brokerage currently has an “overweight” rating on the biopharmaceutical company’s stock. Piper Sandler’s target price would indicate a potential upside of 10.79% from the stock’s current price.
Several other equities research analysts have also recently weighed in on the company. Berenberg Bank started coverage on Halozyme Therapeutics in a research note on Thursday, December 17th. They issued a “buy” rating and a $50.00 price target on the stock. TheStreet raised Halozyme Therapeutics from a “c+” rating to a “b” rating in a research note on Tuesday, November 3rd. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell increased their target price on Halozyme Therapeutics from $29.00 to $41.00 in a research note on Friday, December 11th. Benchmark increased their target price on Halozyme Therapeutics from $39.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, November 24th. Finally, Zacks Investment Research raised Halozyme Therapeutics from a “sell” rating to a “hold” rating and set a $30.00 target price on the stock in a research note on Tuesday, October 13th. Four equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Halozyme Therapeutics currently has an average rating of “Buy” and a consensus target price of $37.86.
Shares of Halozyme Therapeutics stock opened at $45.13 on Thursday. The company has a market cap of $6.10 billion, a PE ratio of 282.06 and a beta of 1.76. The business has a 50 day moving average of $41.90 and a 200 day moving average of $32.42. Halozyme Therapeutics has a 52 week low of $12.71 and a 52 week high of $46.19. The company has a quick ratio of 16.36, a current ratio of 18.49 and a debt-to-equity ratio of 3.98.
In related news, SVP Michael J. Labarre sold 12,000 shares of the stock in a transaction dated Friday, November 20th. The shares were sold at an average price of $38.76, for a total value of $465,120.00. Following the sale, the senior vice president now directly owns 142,689 shares of the company’s stock, valued at approximately $5,530,625.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Jeffrey William Henderson sold 24,498 shares of the stock in a transaction dated Wednesday, November 25th. The shares were sold at an average price of $40.08, for a total transaction of $981,879.84. Following the completion of the sale, the director now directly owns 47,609 shares in the company, valued at $1,908,168.72. The disclosure for this sale can be found here. Insiders have sold 192,376 shares of company stock valued at $7,728,668 in the last 90 days. Company insiders own 2.60% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbor Investment Advisory LLC acquired a new stake in Halozyme Therapeutics in the 3rd quarter valued at about $29,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Halozyme Therapeutics during the 3rd quarter worth about $44,000. Captrust Financial Advisors acquired a new stake in shares of Halozyme Therapeutics during the 2nd quarter worth about $47,000. Stephens Inc. AR acquired a new stake in shares of Halozyme Therapeutics during the 2nd quarter worth about $107,000. Finally, Pacer Advisors Inc. acquired a new stake in shares of Halozyme Therapeutics during the 3rd quarter worth about $121,000. 94.69% of the stock is currently owned by hedge funds and other institutional investors.
Halozyme Therapeutics Company Profile
Halozyme Therapeutics, Inc operates as a biopharma technology platform company in the United States, Switzerland, and internationally. The company's products are based on the ENHANZE drug delivery technology, a patented recombinant human hyaluronidase enzyme (rHuPH20) that enables the subcutaneous delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules, as well as small molecules and fluids.
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