Economy

Epizyme, Inc. (NASDAQ:EPZM) Traded 8.0% Above Its 50 Day Average

Epizyme, Inc. (EPZM) held 57.68 million outstanding shares now. They now have a $20.00 price objective on the biopharmaceutical company's stock. Year to date Epizyme, Inc. BidaskClub upgraded Epizyme from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 5th. BidaskClub upgraded shares of Epizyme from a "sell" rating to a "hold" rating in a research note on Thursday, August 24th. The total value of its holdings decreased 15.3%. Royal Bank Of Canada set a $20.00 price objective on shares of Epizyme and gave the stock a "buy" rating in a research report on Saturday, August 5th.

Analyst mean recommendation rating on a stock by the analyst community is at 1.60. 792,127 shares have been traded. A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that EPZM is a hold, which implies that EPZM is expected to perform in line with the market based on prior trading patterns.

The company has a one year high of $18.80 and a one year low of $8.38. It is now trading at $16.05 which is marginally over $14.97, the stock's 50 day moving average and which is a tad above the 200 day moving average of $15.15. The stock now has a Market Cap of $51.32B. (EPZM) is its Earnings per Share or EPS. Looking ahead to earnings forecasts, for the running fiscal period, Wall Street analysts have anticipated that the company will report -0.66 earnings per share. The company had revenue of $10.00 million for the quarter, compared to the consensus estimate of $3.95 million. Epizyme had a negative net margin of 1,376.33% and a negative return on equity of 63.10%.

As of the latest earnings report the EPS was $-2.07 and is projected to be $-2.39 for the current year with 58,466,000 shares now outstanding. This is the current Zacks consensus EPS which was calculated at the time of writing. "(EPZM) Earns Buy Rating from Royal Bank Of Canada" was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this story on another site, it was illegally copied and republished in violation of US & worldwide trademark and copyright legislation. (NASDAQ:EPZM). Peter Tai-ching Ho, Chief Development Officer reported the sale of 15,000 shares of EPZM stock. The stock was sold at an average price of $14.87, for a total value of $223,050.00. The shares were sold at an average price of $13.44, for a total transaction of $201,600.00. That brings Ho's holdings to $113,335 as recorded in a recent Form 4 SEC filing. EPS breaks down the profitability of the company on a single share basis.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Baker BROS. Advisors LP acquired a new stake in Epizyme during the third quarter worth approximately $2,288,000. Schwab Charles Investment Management Inc. boosted its position in Epizyme by 25.3% during the 1st quarter. Ghost Tree Capital, LLC now holds 150,000 shares with a value of $2,265,000. Palo Alto Investors LLC boosted its stake in Epizyme by 7.9% in the fourth quarter. Foresite Capital Management Iii, LLC now owns 799,363 shares with a value of $12,070,000.



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