Liquidia Technologies Inc (LQDA) Director Arthur S. Kirsch Purchases 1,000 Shares

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Liquidia Technologies Inc (NASDAQ:LQDA) Director Arthur S. Kirsch acquired 1,000 shares of the stock in a transaction on Thursday, November 8th. The shares were acquired at an average price of $18.25 per share, for a total transaction of $18,250.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of NASDAQ LQDA traded up $0.64 during trading on Tuesday, hitting $19.32. The stock had a trading volume of 24,482 shares, compared to its average volume of 67,547. Liquidia Technologies Inc has a 12 month low of $10.52 and a 12 month high of $38.46. The company has a current ratio of 6.27, a quick ratio of 6.27 and a debt-to-equity ratio of 0.40.

Liquidia Technologies (NASDAQ:LQDA) last posted its earnings results on Wednesday, October 31st. The company reported ($0.83) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.57) by ($0.26). The firm had revenue of $0.17 million for the quarter, compared to analysts’ expectations of $1.03 million. Equities research analysts forecast that Liquidia Technologies Inc will post -5.42 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. NEA Management Company LLC bought a new stake in shares of Liquidia Technologies in the 3rd quarter worth $68,193,000. FMR LLC bought a new stake in shares of Liquidia Technologies in the 3rd quarter worth $6,729,000. BlackRock Inc. bought a new stake in shares of Liquidia Technologies in the 3rd quarter worth $5,924,000. Finally, Dean Capital Investments Management LLC bought a new stake in shares of Liquidia Technologies in the 3rd quarter worth $1,483,000. Hedge funds and other institutional investors own 0.01% of the company’s stock.

LQDA has been the topic of several research reports. Needham & Company LLC initiated coverage on shares of Liquidia Technologies in a report on Monday, August 20th. They set a “buy” rating and a $30.00 price objective on the stock. Jefferies Financial Group initiated coverage on shares of Liquidia Technologies in a research note on Monday, August 20th. They issued a “buy” rating and a $22.00 target price for the company. Cowen initiated coverage on shares of Liquidia Technologies in a research note on Monday, August 20th. They issued an “outperform” rating and a $40.00 target price for the company. Wedbush initiated coverage on shares of Liquidia Technologies in a research note on Tuesday, September 4th. They issued an “outperform” rating and a $26.00 target price for the company. Finally, Zacks Investment Research lowered shares of Liquidia Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, November 7th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Liquidia Technologies presently has an average rating of “Buy” and an average target price of $31.75.

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About Liquidia Technologies

Liquidia Technologies, Inc is a late-stage clinical biopharmaceutical company focused on the development and commercialization of human therapeutics using its proprietary PRINT technology to transform the lives of patients. PRINT technology is a particle engineering platform that enables precise production of uniform drug particles designed to improve the safety, efficacy and performance of a wide range of therapies.

Further Reading: Hedge Funds

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