Economy

Decreases Holdings in Halozyme Therapeutics, Inc. (HALO)

Golden Cross Alert: The 50 day MA is now above the 200 day moving average. (NASDAQ:HALO). Investors often keep close tabs on how these Street analysts are viewing company shares. Citigroup Inc. set a $14.00 price objective on Halozyme Therapeutics and gave the stock a "hold" rating in a report on Thursday, January 5th. BidaskClub upgraded shares of Halozyme Therapeutics from a "hold" rating to a "buy" rating in a research note on Friday, June 16th. Finally, Deutsche Bank AG raised their target price on shares of Halozyme Therapeutics to $20.00 and gave the company a "buy" rating in a research note on Friday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of "Hold" and a consensus target price of $16.00. The data from the past twelve months tells a similar story: insiders executed 8 buys and 6 sells, and ownership decreased by a net of 1.67 million shares. Halozyme Therapeutics's revenue for the quarter was up 1.2% on a year-over-year basis. Amalgamated Bank now owns 11,518 shares of the biopharmaceutical company's stock worth $117,000 after buying an additional 338 shares in the last quarter. Artisan Partners Limited Partnership acquired a new stake in Halozyme Therapeutics in the 1st quarter worth $13,424,000. Teacher Retirement System of Texas acquired a new position in shares of Halozyme Therapeutics in the 2nd quarter valued at $129,000. Creative Planning now owns 114,667 shares of the biopharmaceutical company's stock worth $1,470,000 after purchasing an additional 1,383 shares in the last quarter. American International Group Inc. now owns 67,109 shares of the biopharmaceutical company's stock valued at $870,000 after acquiring an additional 4,407 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Halozyme Therapeutics during the second quarter valued at about $541,000. BB Biotech AG now owns 7,749,832 shares of the biopharmaceutical company's stock valued at $100,438,000 after acquiring an additional 150,000 shares in the last quarter.

Other institutional investors have also made changes to their positions in the company.

The blending and weighting of numbers above created the technical model built by Capital Market Laboratories (www.CMLviz.com). A composite of 13 technical indicators that includes measures such as moving averages and momentum oscillators suggests that HALO is a buy, which implies that HALO is expected to outperform the market based on prior trading patterns.

Halozyme Therapeutics (NASDAQ:HALO) last announced its earnings results on Tuesday, August 8th.

In the last earnings report the EPS was $-0.93 and is estimated to be $-0.88 for the current year with 134,013,000 shares outstanding. The firm had revenue of $33.80 million for the quarter, compared to the consensus estimate of $31.76 million. During the same period previous year, the company posted ($0.21) earnings per share. The company's revenue was up 1.2% compared to the same quarter a year ago.

Shares of Halozyme Therapeutics, Inc. Duncan covers the Healthcare sector, focusing on stocks such as Biohaven Pharmaceutical Holding Co Ltd, ACADIA Pharmaceuticals Inc, and Corcept Therapeutics Inc. "(HALO) PT Raised to $20.00" was posted by StockNewsTimes and is the property of of StockNewsTimes. If you are viewing this news story on another publication, it was copied illegally and reposted in violation of U.S. & global copyright & trademark legislation. Taking a look back at some stock price performance numbers for Halozyme Therapeutics, Inc.



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