Histogenics (HSGX) Releases Earnings Results, Misses Estimates By $0.05 EPS

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Histogenics (NASDAQ:HSGX) posted its quarterly earnings data on Thursday. The biotechnology company reported ($0.24) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.19) by ($0.05), MarketWatch Earnings reports.

NASDAQ:HSGX traded down $0.03 during mid-day trading on Friday, hitting $0.51. The stock had a trading volume of 1,795,036 shares, compared to its average volume of 8,070,151. Histogenics has a twelve month low of $0.50 and a twelve month high of $3.35. The company has a market capitalization of $15.64 million, a P/E ratio of -0.52 and a beta of 1.02.

Several equities research analysts recently issued reports on HSGX shares. HC Wainwright set a $1.00 target price on shares of Histogenics and gave the company a “buy” rating in a research note on Friday. Brookline Cap M reiterated a “buy” rating on shares of Histogenics in a research note on Wednesday, August 1st. Zacks Investment Research downgraded shares of Histogenics from a “buy” rating to a “hold” rating in a research note on Thursday, August 16th. Needham & Company LLC raised their target price on shares of Histogenics to $5.00 and gave the company a “buy” rating in a research note on Thursday, September 6th. Finally, BTIG Research downgraded shares of Histogenics from a “buy” rating to a “neutral” rating and set a $3.50 target price for the company. in a research note on Wednesday, September 5th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $3.25.

Large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. acquired a new stake in Histogenics in the 1st quarter valued at about $320,000. DRW Securities LLC acquired a new stake in Histogenics in the 2nd quarter valued at about $242,000. Renaissance Technologies LLC lifted its stake in Histogenics by 6.1% in the 2nd quarter. Renaissance Technologies LLC now owns 384,329 shares of the biotechnology company’s stock valued at $961,000 after purchasing an additional 22,133 shares during the last quarter. Finally, BlackRock Inc. lifted its stake in Histogenics by 72.0% in the 2nd quarter. BlackRock Inc. now owns 54,753 shares of the biotechnology company’s stock valued at $137,000 after purchasing an additional 22,927 shares during the last quarter. Institutional investors and hedge funds own 45.88% of the company’s stock.

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About Histogenics

Histogenics Corporation, a clinical-stage company, focuses on the development of restorative cell therapies in the United States. The company offers NeoCart, a tissue implant, which is in Phase III clinical trial to treat tissue injury in the field of orthopedics, specifically cartilage damage in the knee.

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Earnings History for Histogenics (NASDAQ:HSGX)

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