Equities research analysts expect Audentes Therapeutics Inc (NASDAQ:BOLD) to announce earnings of ($0.92) per share for the current quarter, according to Zacks. Zero analysts have provided estimates for Audentes Therapeutics’ earnings. The lowest EPS estimate is ($1.08) and the highest is ($0.84). Audentes Therapeutics reported earnings of ($0.91) per share during the same quarter last year, which indicates a negative year-over-year growth rate of 1.1%. The business is expected to issue its next quarterly earnings results on Thursday, March 8th.
On average, analysts expect that Audentes Therapeutics will report full-year earnings of ($3.50) per share for the current year, with EPS estimates ranging from ($3.69) to ($3.42). For the next year, analysts expect that the company will post earnings of ($3.70) per share, with EPS estimates ranging from ($5.31) to ($3.20). Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that follow Audentes Therapeutics.
Several analysts have issued reports on BOLD shares. Zacks Investment Research upgraded Audentes Therapeutics from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Leerink Swann restated an “outperform” rating and set a $29.00 price objective (up previously from $22.00) on shares of Audentes Therapeutics in a report on Wednesday, November 15th. ValuEngine downgraded Audentes Therapeutics from a “hold” rating to a “sell” rating in a report on Friday, December 1st. BMO Capital Markets assumed coverage on Audentes Therapeutics in a report on Tuesday, December 5th. They issued an “outperform” rating and a $35.00 target price on the stock. Finally, BidaskClub downgraded Audentes Therapeutics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $34.00.
Several institutional investors and hedge funds have recently modified their holdings of the company. Schwab Charles Investment Management Inc. increased its holdings in Audentes Therapeutics by 139.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 25,600 shares of the biotechnology company’s stock worth $490,000 after buying an additional 14,900 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Audentes Therapeutics by 180.7% in the second quarter. Bank of New York Mellon Corp now owns 52,900 shares of the biotechnology company’s stock worth $1,012,000 after buying an additional 34,057 shares during the last quarter. Teachers Advisors LLC increased its holdings in Audentes Therapeutics by 342.5% in the second quarter. Teachers Advisors LLC now owns 26,926 shares of the biotechnology company’s stock worth $515,000 after buying an additional 20,841 shares during the last quarter. TIAA CREF Investment Management LLC increased its holdings in Audentes Therapeutics by 459.3% in the second quarter. TIAA CREF Investment Management LLC now owns 64,497 shares of the biotechnology company’s stock worth $1,234,000 after buying an additional 52,965 shares during the last quarter. Finally, Nationwide Fund Advisors increased its holdings in Audentes Therapeutics by 288.9% in the second quarter. Nationwide Fund Advisors now owns 8,594 shares of the biotechnology company’s stock worth $164,000 after buying an additional 6,384 shares during the last quarter. Institutional investors own 64.94% of the company’s stock.
Shares of Audentes Therapeutics (BOLD) opened at $33.51 on Thursday. Audentes Therapeutics has a twelve month low of $13.90 and a twelve month high of $41.80.
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About Audentes Therapeutics
Audentes Therapeutics, Inc is an early-stage biotechnology company. The Company is focused on developing and commercializing gene therapy products for patients suffering from serious, life-threatening rare diseases caused by single gene defects. The Company has a portfolio of product candidates, including AT132 for the treatment of X-Linked Myotubular Myopathy (XLMTM); AT342 for the treatment of Crigler-Najjar Syndrome (Crigler-Najjar); AT982 for the treatment of Pompe disease, and AT307 for the treatment of the CASQ2 subtype of Catecholaminergic Polymorphic Ventricular Tachycardia (CASQ2-CPVT).
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