Shares of Esperion Therapeutics, Inc. (NASDAQ:ESPR – Get Free Report) have earned a consensus rating of “Hold” from the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $5.54.
Several research firms have recently commented on ESPR. Weiss Ratings reiterated a “sell (d-)” rating on shares of Esperion Therapeutics in a report on Tuesday, April 21st. Cantor Fitzgerald lowered Esperion Therapeutics from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Jefferies Financial Group cut Esperion Therapeutics from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Piper Sandler downgraded Esperion Therapeutics from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Citizens Jmp lowered Esperion Therapeutics from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st.
Insiders Place Their Bets
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. R Squared Ltd boosted its position in Esperion Therapeutics by 23.5% during the 4th quarter. R Squared Ltd now owns 15,173 shares of the biopharmaceutical company’s stock valued at $56,000 after acquiring an additional 2,890 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in shares of Esperion Therapeutics by 10.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 38,955 shares of the biopharmaceutical company’s stock worth $144,000 after acquiring an additional 3,614 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Esperion Therapeutics by 49.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,617 shares of the biopharmaceutical company’s stock worth $43,000 after acquiring an additional 3,822 shares in the last quarter. Eaton Financial Holdings Company LLC raised its position in shares of Esperion Therapeutics by 9.4% in the 4th quarter. Eaton Financial Holdings Company LLC now owns 46,595 shares of the biopharmaceutical company’s stock worth $172,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Esperion Therapeutics by 18.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 28,338 shares of the biopharmaceutical company’s stock valued at $105,000 after purchasing an additional 4,422 shares during the period. Hedge funds and other institutional investors own 47.39% of the company’s stock.
Esperion Therapeutics Stock Performance
ESPR stock opened at $3.18 on Thursday. Esperion Therapeutics has a 52 week low of $1.10 and a 52 week high of $4.18. The firm’s fifty day moving average is $3.15 and its 200 day moving average is $3.00. The firm has a market cap of $819.45 million, a P/E ratio of -53.00 and a beta of 1.07.
Esperion Therapeutics (NASDAQ:ESPR – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The biopharmaceutical company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.08). Esperion Therapeutics had a negative return on equity of 0.14% and a net margin of 0.12%.The business had revenue of $80.10 million during the quarter, compared to the consensus estimate of $84.52 million.
About Esperion Therapeutics
Esperion Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the discovery, development and commercialization of oral, low–density lipoprotein cholesterol (LDL-C)–lowering therapies. The company’s research and development efforts center on small-molecule compounds designed to address atherosclerotic cardiovascular disease by targeting cholesterol biosynthesis pathways. Esperion seeks to provide novel treatment options for patients who require additional LDL-C reduction beyond what is achieved with statins or who are statin-intolerant.
The company’s lead products include NEXLETOL (bempedoic acid), an oral adenosine triphosphate–citrate lyase (ACL) inhibitor approved by the U.S.
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