Esperion Therapeutics (ESPR) PT Set at $88.00 by UBS Group

UBS Group set a $88.00 price target on Esperion Therapeutics (NASDAQ:ESPR) in a research report released on Wednesday, 99wallstreet.com reports. The firm currently has a buy rating on the biopharmaceutical company’s stock.

A number of other research analysts also recently issued reports on the company. Stifel Nicolaus set a $105.00 price objective on Esperion Therapeutics and gave the company a buy rating in a research note on Monday, January 15th. BidaskClub upgraded Esperion Therapeutics from a buy rating to a strong-buy rating in a research note on Saturday, January 13th. Bank of America upgraded Esperion Therapeutics from a neutral rating to a buy rating and set a $76.00 price objective for the company in a research note on Friday, January 5th. Needham & Company LLC upgraded Esperion Therapeutics from a buy rating to a strong-buy rating and boosted their price objective for the company from $72.00 to $81.00 in a research note on Thursday, December 14th. Finally, Chardan Capital boosted their price objective on Esperion Therapeutics from $20.00 to $75.00 and gave the company a neutral rating in a research note on Wednesday, December 6th. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $72.85.

Shares of Esperion Therapeutics (NASDAQ:ESPR) traded up $2.24 during trading hours on Wednesday, hitting $77.20. The company had a trading volume of 501,580 shares, compared to its average volume of 460,565. The company has a market cap of $2,022.49, a P/E ratio of -11.24 and a beta of 2.73. Esperion Therapeutics has a 52 week low of $10.71 and a 52 week high of $78.59.

Esperion Therapeutics (NASDAQ:ESPR) last announced its quarterly earnings data on Tuesday, November 7th. The biopharmaceutical company reported ($1.86) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.79) by ($0.07). During the same quarter in the prior year, the company posted ($0.77) earnings per share. sell-side analysts expect that Esperion Therapeutics will post -7.3 EPS for the current fiscal year.

In related news, Director Nicole Vitullo sold 9,326 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $53.85, for a total value of $502,205.10. Following the transaction, the director now directly owns 2,472 shares of the company’s stock, valued at approximately $133,117.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 32.50% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Chartwell Investment Partners LLC purchased a new position in Esperion Therapeutics in the 3rd quarter worth approximately $1,374,000. Meditor Group Ltd lifted its holdings in Esperion Therapeutics by 305.5% in the 3rd quarter. Meditor Group Ltd now owns 2,294,935 shares of the biopharmaceutical company’s stock worth $115,022,000 after purchasing an additional 1,728,935 shares in the last quarter. Macquarie Group Ltd. purchased a new position in Esperion Therapeutics in the 2nd quarter worth approximately $1,182,000. OxFORD Asset Management LLP purchased a new position in Esperion Therapeutics in the 3rd quarter worth approximately $715,000. Finally, Rothschild Asset Management Inc. purchased a new stake in shares of Esperion Therapeutics during the 3rd quarter worth approximately $1,124,000. 92.35% of the stock is currently owned by institutional investors.

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Esperion Therapeutics Company Profile

Esperion Therapeutics, Inc is a lipid management company. The Company is a late-stage pharmaceutical company focused on developing and commercializing once-daily, oral therapies for the treatment of patients with elevated low-density lipoprotein cholesterol (LDL-C). With a targeted mechanism of action, bempedoic acid, the Company’s lead product candidate, is an orally available, once-daily adenosine triphosphate (ATP)-citrate lyase (ACL) inhibitor that reduces cholesterol biosynthesis and lowers elevated levels of LDL-C by up-regulating the LDL receptor, but with reduced potential for muscle-related side effects.

Analyst Recommendations for Esperion Therapeutics (NASDAQ:ESPR)

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