Royalty Pharma PLC (NASDAQ:RPRX – Get Free Report) EVP Marshall Urist sold 13,684 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $53.06, for a total transaction of $726,073.04. Following the completion of the sale, the executive vice president directly owned 31,881 shares in the company, valued at approximately $1,691,605.86. This represents a 30.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Royalty Pharma Trading Down 1.0%
Shares of RPRX traded down $0.55 during midday trading on Friday, hitting $52.85. The stock had a trading volume of 4,264,710 shares, compared to its average volume of 3,562,113. Royalty Pharma PLC has a 1 year low of $32.15 and a 1 year high of $53.47. The firm has a market cap of $30.43 billion, a PE ratio of 35.95, a price-to-earnings-growth ratio of 1.46 and a beta of 0.40. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.66 and a quick ratio of 2.66. The stock’s 50 day moving average is $48.20 and its 200 day moving average is $43.28.
Royalty Pharma (NASDAQ:RPRX – Get Free Report) last announced its earnings results on Wednesday, May 6th. The biopharmaceutical company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.08. Royalty Pharma had a net margin of 33.88% and a return on equity of 29.25%. The business had revenue of $631.00 million for the quarter, compared to the consensus estimate of $881.69 million. As a group, analysts forecast that Royalty Pharma PLC will post 5.05 EPS for the current fiscal year.
Royalty Pharma Announces Dividend
Analysts Set New Price Targets
Several research analysts recently commented on the stock. UBS Group raised their price target on shares of Royalty Pharma from $51.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, April 21st. Citigroup raised their price target on shares of Royalty Pharma from $50.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, May 7th. Wall Street Zen raised shares of Royalty Pharma from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. JPMorgan Chase & Co. raised their price target on shares of Royalty Pharma from $50.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, May 7th. Finally, Weiss Ratings raised shares of Royalty Pharma from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 1st. Seven analysts have rated the stock with a Buy rating, According to data from MarketBeat, Royalty Pharma presently has an average rating of “Buy” and a consensus price target of $53.71.
Get Our Latest Stock Report on Royalty Pharma
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. LM Advisors LLC purchased a new position in Royalty Pharma during the 4th quarter valued at about $26,000. Blue Trust Inc. increased its position in Royalty Pharma by 173.4% during the 1st quarter. Blue Trust Inc. now owns 689 shares of the biopharmaceutical company’s stock valued at $33,000 after purchasing an additional 437 shares during the period. Lloyd Advisory Services LLC. purchased a new position in Royalty Pharma during the 4th quarter valued at about $30,000. Private Trust Co. NA increased its position in Royalty Pharma by 52.9% during the 4th quarter. Private Trust Co. NA now owns 832 shares of the biopharmaceutical company’s stock valued at $32,000 after purchasing an additional 288 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in Royalty Pharma by 868.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 881 shares of the biopharmaceutical company’s stock valued at $31,000 after purchasing an additional 790 shares during the period. Hedge funds and other institutional investors own 54.35% of the company’s stock.
About Royalty Pharma
Royalty Pharma plc is a specialty finance company that acquires biopharmaceutical royalty interests and provides non-dilutive financing to drug developers and rights holders. The firm purchases future royalty streams, milestone-contingent payments and other revenue rights linked to approved and late-stage pharmaceutical and biotechnology products. By paying upfront consideration for these rights, Royalty Pharma seeks to generate long-term cash flows tied to the commercial performance of a diversified portfolio of medicines.
The company’s transaction structures include outright royalty purchases, structured financings and milestone arrangements tailored to the needs of innovator companies, academic institutions and investors.
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