Aeglea Bio Therapeutics (AGLE) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Aeglea Bio Therapeutics (NASDAQ:AGLE) released its earnings results on Tuesday, May 7th. The biotechnology company reported ($0.59) EPS for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.04), MarketWatch Earnings reports.

NASDAQ AGLE opened at $6.52 on Friday. Aeglea Bio Therapeutics has a 12 month low of $6.31 and a 12 month high of $12.00. The company has a market cap of $188.97 million, a price-to-earnings ratio of -3.06 and a beta of 0.89.

In related news, CEO Anthony G. Quinn acquired 26,592 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was acquired at an average cost of $6.77 per share, with a total value of $180,027.84. Following the acquisition, the chief executive officer now directly owns 304,135 shares in the company, valued at approximately $2,058,993.95. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Anthony G. Quinn acquired 8,989 shares of the business’s stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $6.56 per share, with a total value of $58,967.84. Following the completion of the acquisition, the chief executive officer now owns 304,135 shares in the company, valued at $1,995,125.60. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 48,055 shares of company stock worth $322,636. 18.30% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Aeglea Bio Therapeutics stock. Geode Capital Management LLC raised its stake in shares of Aeglea Bio Therapeutics Inc (NASDAQ:AGLE) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 162,597 shares of the biotechnology company’s stock after buying an additional 8,310 shares during the quarter. Geode Capital Management LLC owned about 0.68% of Aeglea Bio Therapeutics worth $1,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 68.48% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have commented on AGLE. HC Wainwright began coverage on shares of Aeglea Bio Therapeutics in a research note on Tuesday, May 21st. They set a “buy” rating and a $20.00 target price on the stock. JPMorgan Chase & Co. began coverage on shares of Aeglea Bio Therapeutics in a research note on Thursday, March 21st. They set an “overweight” rating and a $14.00 target price on the stock. Finally, ValuEngine cut shares of Aeglea Bio Therapeutics from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $16.00.

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About Aeglea Bio Therapeutics

Aeglea BioTherapeutics, Inc, a clinical-stage biotechnology company, designs and develops human enzyme therapeutics for the treatment of patients with rare genetic diseases and cancer. The company's lead product candidate includes pegzilarginase, a recombinant human Arginase 1 enzyme, which is in early clinical development stage for the treatment of Arginase 1 deficiency, an autosomal recessive metabolic disease caused by a marked decrease in the activity of the native arginase 1 enzyme; and for treating Arginine dependent cancers.

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Earnings History for Aeglea Bio Therapeutics (NASDAQ:AGLE)

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