Urogen Pharma (URGN) Downgraded to Market Perform at UBS AG

Urogen Pharma (NASDAQ:URGN) was downgraded by analysts at UBS AG from an “outperform” rating to a “market perform” rating in a report released on Wednesday.

Several other analysts have also recently commented on URGN. Oppenheimer Holdings, Inc. set a $51.00 price target on Urogen Pharma and gave the company a “buy” rating in a report on Tuesday. Zacks Investment Research cut Urogen Pharma from a “buy” rating to a “hold” rating in a report on Friday, August 18th. Finally, Jefferies Group LLC lifted their price target on Urogen Pharma from $27.00 to $37.00 and gave the company a “buy” rating in a report on Monday, October 9th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $33.25.

Shares of Urogen Pharma (URGN) opened at $42.18 on Wednesday. Urogen Pharma has a fifty-two week low of $13.01 and a fifty-two week high of $44.63.

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Institutional investors and hedge funds have recently bought and sold shares of the business. FMR LLC purchased a new stake in Urogen Pharma in the 2nd quarter valued at about $13,892,000. Menora Mivtachim Holdings LTD. grew its holdings in Urogen Pharma by 341.4% in the 3rd quarter. Menora Mivtachim Holdings LTD. now owns 569,589 shares of the company’s stock valued at $17,953,000 after buying an additional 440,534 shares during the period. DSAM Partners London Ltd purchased a new stake in Urogen Pharma in the 3rd quarter valued at about $2,348,000. Shikiar Asset Management Inc. acquired a new position in shares of Urogen Pharma in the 3rd quarter valued at about $665,000. Finally, Alps Advisors Inc. acquired a new position in shares of Urogen Pharma in the 2nd quarter valued at about $195,000. Institutional investors own 40.55% of the company’s stock.

Urogen Pharma Company Profile

Urogen Pharma Ltd, formerly Theracoat Ltd, is an Israel-based clinical-stage biopharmaceutical company. It is engaged in developing therapies designed to care for urological pathologies. Its lead product candidates include MitoGel and VesiGel. MiroGel is a sustained release formulation of the chemotherapy agent Mitomycin C for the treatment of low-grade upper tract urothelial carcinoma, an urothelial cancer in the upper tract.

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