Akebia Therapeutics, Inc. (NASDAQ:AK(BA)) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $9.00.
Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. lowered Akebia Therapeutics from a “neutral” rating to an “underweight” rating in a research report on Friday. HC Wainwright decreased their price target on Akebia Therapeutics from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Monday, October 26th. Finally, Zacks Investment Research raised Akebia Therapeutics from a “sell” rating to a “hold” rating in a research note on Wednesday, December 16th.
Shares of NASDAQ AK(BA) opened at $3.24 on Friday. Akebia Therapeutics has a 1-year low of $2.09 and a 1-year high of $13.71. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.15 and a quick ratio of 1.67. The business’s fifty day moving average price is $3.06 and its two-hundred day moving average price is $4.99. The firm has a market capitalization of $468.31 million, a PE ratio of -1.09 and a beta of 2.11.
Akebia Therapeutics (NASDAQ:AK(BA)) last issued its earnings results on Tuesday, November 10th. The biopharmaceutical company reported ($0.42) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.25). Akebia Therapeutics had a negative return on equity of 68.51% and a negative net margin of 126.86%. The company had revenue of $59.99 million during the quarter, compared to analyst estimates of $76.12 million. Equities research analysts expect that Akebia Therapeutics will post -1.77 earnings per share for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC acquired a new position in shares of Akebia Therapeutics in the 2nd quarter valued at $25,000. PNC Financial Services Group Inc. acquired a new position in shares of Akebia Therapeutics in the 2nd quarter valued at $28,000. Wedbush Securities Inc. acquired a new position in shares of Akebia Therapeutics in the 3rd quarter valued at $29,000. XTX Markets LLC acquired a new position in shares of Akebia Therapeutics in the 3rd quarter valued at $31,000. Finally, JS Capital Management LLC acquired a new position in shares of Akebia Therapeutics in the 3rd quarter valued at $37,000. Institutional investors and hedge funds own 68.98% of the company’s stock.
About Akebia Therapeutics
Akebia Therapeutics, Inc, a biopharmaceutical company, focuses on the development and commercialization of renal therapeutics for patients with kidney diseases. The company’s lead product candidate includes Auryxia, a ferric citrate to control the serum phosphorus levels in adult patients with chronic kidney disease (CKD), on dialysis (DD)-CKD, or the hyperphosphatemia indication (HIF); and vadadustat, an oral therapy, which is in Phase III development for the treatment of anemia due to CKD in DD and non-dialysis patients.
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