Eikon Therapeutics, Inc. (NASDAQ:EIKN – Get Free Report) major shareholder Group Iv Gp Lp Column bought 89,200 shares of Eikon Therapeutics stock in a transaction that occurred on Thursday, September 3rd. The stock was bought at an average price of $11.56 per share, with a total value of $1,031,152.00. Following the purchase, the insider owned 89,200 shares of the company’s stock, valued at $1,031,152. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Eikon Therapeutics Stock Up 0.2%
EIKN stock opened at $10.73 on Thursday. Eikon Therapeutics, Inc. has a twelve month low of $7.90 and a twelve month high of $17.40. The company has a market cap of $581.24 million and a PE ratio of -2.62. The business’s 50-day simple moving average is $10.52 and its 200 day simple moving average is $10.85.
Eikon Therapeutics (NASDAQ:EIKN – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($1.63) EPS for the quarter, missing the consensus estimate of ($1.61) by ($0.02). On average, equities research analysts anticipate that Eikon Therapeutics, Inc. will post -7.18 EPS for the current year.
Institutional Investors Weigh In On Eikon Therapeutics
Wall Street Analyst Weigh In
EIKN has been the topic of a number of analyst reports. Wedbush lowered their target price on shares of Eikon Therapeutics from $5.00 to $4.00 and set an “underperform” rating on the stock in a research note on Friday, August 14th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of Eikon Therapeutics in a report on Friday, August 21st. Mizuho upgraded Eikon Therapeutics to a “strong-buy” rating in a research note on Monday. Finally, Weiss Ratings raised Eikon Therapeutics from a “sell (e-)” rating to a “sell (e)” rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Eikon Therapeutics presently has an average rating of “Moderate Buy” and a consensus price target of $25.00.
View Our Latest Report on EIKN
About Eikon Therapeutics
We are a late-stage clinical biopharmaceutical company dedicated to building a global, fully-integrated organization developing important, innovative medicines to address serious unmet medical needs. We are led by world-renowned drug developers Dr. Roger M. Perlmutter, M.D., Ph.D., and Dr. Roy Baynes, M.D., Ph.D. Our vision is to become a generational leader, by purposefully integrating traditional biology research with advanced engineering to develop better medicines faster. Our initial focus is oncology, where we are advancing a pipeline of drug candidates targeting areas of high unmet need in large indications.
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