Rapport Therapeutics, Inc. (NASDAQ:RAPP – Get Free Report) major shareholder Rock Ventures L.P. Third sold 5,018 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $40.31, for a total transaction of $202,275.58. Following the sale, the insider directly owned 6,432,715 shares in the company, valued at approximately $259,302,741.65. This represents a 0.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Rapport Therapeutics Price Performance
RAPP stock opened at $38.08 on Thursday. The firm’s fifty day simple moving average is $32.77 and its 200-day simple moving average is $29.70. The company has a market capitalization of $1.82 billion, a P/E ratio of -14.65 and a beta of 0.82. Rapport Therapeutics, Inc. has a 12 month low of $7.73 and a 12 month high of $42.27.
Rapport Therapeutics (NASDAQ:RAPP – Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.42) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.56) by $0.14. The firm had revenue of $20.00 million for the quarter, compared to analysts’ expectations of $7.50 million. As a group, sell-side analysts forecast that Rapport Therapeutics, Inc. will post -3.07 earnings per share for the current year.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the stock. BTIG Research reiterated a “buy” rating and issued a $53.00 target price on shares of Rapport Therapeutics in a research report on Friday, May 8th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Rapport Therapeutics in a research report on Tuesday, April 21st. Raymond James Financial initiated coverage on shares of Rapport Therapeutics in a research report on Friday, April 10th. They issued a “strong-buy” rating and a $66.00 target price for the company. Wells Fargo & Company increased their target price on shares of Rapport Therapeutics from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Wednesday, March 11th. Finally, Citigroup reiterated a “market outperform” rating on shares of Rapport Therapeutics in a research report on Tuesday, March 10th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $54.83.
Get Our Latest Stock Analysis on Rapport Therapeutics
About Rapport Therapeutics
Rapport Therapeutics, Inc is a clinical-stage biopharmaceutical company focused on the discovery and development of targeted therapies for patients with cancer. The company leverages a proprietary discovery engine to identify novel tumor-associated antigens and develop tailored biologic and small-molecule candidates designed to modulate key oncogenic pathways. With a pipeline comprising multiple preclinical and early clinical assets, Rapport is committed to advancing precision medicine approaches and addressing unmet needs in oncology.
Rapport’s discovery engine combines high-throughput screening, molecular profiling and in vivo validation to accelerate the progression of lead candidates from the laboratory to clinical evaluation.
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