ValuEngine upgraded shares of Aerie Pharmaceuticals (NASDAQ:AERI) from a hold rating to a buy rating in a research note published on Monday, April 2nd.
Several other equities analysts also recently weighed in on AERI. Zacks Investment Research raised Aerie Pharmaceuticals from a strong sell rating to a hold rating in a research report on Monday, January 22nd. Seaport Global Securities started coverage on Aerie Pharmaceuticals in a research report on Friday, January 26th. They issued a buy rating and a $78.00 target price for the company. Canaccord Genuity set a $73.00 target price on Aerie Pharmaceuticals and gave the company a buy rating in a research report on Monday, December 18th. Cantor Fitzgerald set a $77.00 price objective on Aerie Pharmaceuticals and gave the stock a buy rating in a research report on Monday, December 18th. Finally, Mizuho reissued a buy rating and set a $87.00 price objective on shares of Aerie Pharmaceuticals in a research report on Monday, January 29th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Aerie Pharmaceuticals currently has a consensus rating of Buy and a consensus target price of $78.75.
Shares of NASDAQ AERI traded down $0.65 during trading on Monday, hitting $54.50. 136,894 shares of the company were exchanged, compared to its average volume of 349,904. Aerie Pharmaceuticals has a 12-month low of $38.14 and a 12-month high of $66.60. The company has a quick ratio of 10.09, a current ratio of 10.09 and a debt-to-equity ratio of 0.91. The firm has a market cap of $2,097.07, a PE ratio of -16.17 and a beta of 0.95.
Hedge funds and other institutional investors have recently modified their holdings of the business. QS Investors LLC purchased a new stake in Aerie Pharmaceuticals in the fourth quarter valued at approximately $125,000. Public Employees Retirement Association of Colorado purchased a new stake in Aerie Pharmaceuticals in the fourth quarter valued at approximately $176,000. Great West Life Assurance Co. Can lifted its stake in Aerie Pharmaceuticals by 65.0% in the third quarter. Great West Life Assurance Co. Can now owns 4,160 shares of the company’s stock valued at $204,000 after buying an additional 1,639 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. purchased a new stake in Aerie Pharmaceuticals in the third quarter valued at approximately $204,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Aerie Pharmaceuticals during the third quarter worth approximately $276,000. Institutional investors own 96.96% of the company’s stock.
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About Aerie Pharmaceuticals
Aerie Pharmaceuticals, Inc, an ophthalmic pharmaceutical company, focuses on the discovery, development, and commercialization of first-in-class therapies for the treatment of glaucoma and other eye diseases. Its lead product is Rhopressa, a once-daily eye drop to reduce elevated intraocular pressure (IOP) in patients with glaucoma or ocular hypertension.
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