Shares of Madrigal Pharmaceuticals, Inc. (NASDAQ:MDGL - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $347.33.
A number of analysts have commented on the stock. HC Wainwright reaffirmed a "buy" rating and set a $390.00 target price on shares of Madrigal Pharmaceuticals in a report on Tuesday, October 22nd. StockNews.com raised Madrigal Pharmaceuticals to a "sell" rating in a research note on Saturday, October 12th. UBS Group increased their target price on Madrigal Pharmaceuticals from $411.00 to $441.00 and gave the company a "buy" rating in a research note on Friday, November 1st. Oppenheimer decreased their target price on Madrigal Pharmaceuticals from $375.00 to $350.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating on shares of Madrigal Pharmaceuticals in a research note on Friday, October 11th.
Get Our Latest Stock Report on Madrigal Pharmaceuticals
Shares of MDGL opened at $288.58 on Monday. The business's fifty day moving average price is $243.84 and its two-hundred day moving average price is $251.14. The firm has a market capitalization of $6.29 billion, a price-to-earnings ratio of -11.51 and a beta of -0.46. Madrigal Pharmaceuticals has a 52 week low of $160.15 and a 52 week high of $368.29. The company has a debt-to-equity ratio of 0.15, a quick ratio of 5.93 and a current ratio of 5.98.
Madrigal Pharmaceuticals (NASDAQ:MDGL - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The biopharmaceutical company reported ($4.92) EPS for the quarter, topping analysts' consensus estimates of ($6.94) by $2.02. The firm had revenue of $62.18 million during the quarter, compared to analyst estimates of $34.60 million. During the same quarter in the previous year, the business earned ($5.34) earnings per share. On average, analysts predict that Madrigal Pharmaceuticals will post -24.08 earnings per share for the current year.
In other Madrigal Pharmaceuticals news, CEO William John Sibold sold 6,363 shares of Madrigal Pharmaceuticals stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $243.83, for a total value of $1,551,490.29. Following the sale, the chief executive officer now owns 55,887 shares of the company's stock, valued at $13,626,927.21. This trade represents a 10.22 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Richard S. Levy sold 5,000 shares of the business's stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $300.94, for a total value of $1,504,700.00. Following the completion of the sale, the director now owns 11,012 shares in the company, valued at approximately $3,313,951.28. This trade represents a 31.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 22.80% of the company's stock.
Institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. lifted its position in shares of Madrigal Pharmaceuticals by 1,633.3% in the second quarter. First Horizon Advisors Inc. now owns 104 shares of the biopharmaceutical company's stock worth $29,000 after purchasing an additional 98 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Madrigal Pharmaceuticals during the 1st quarter worth about $41,000. Signaturefd LLC lifted its position in Madrigal Pharmaceuticals by 36.8% during the 2nd quarter. Signaturefd LLC now owns 145 shares of the biopharmaceutical company's stock worth $41,000 after buying an additional 39 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Madrigal Pharmaceuticals by 47.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 211 shares of the biopharmaceutical company's stock worth $45,000 after buying an additional 68 shares during the last quarter. Finally, Quest Partners LLC grew its holdings in shares of Madrigal Pharmaceuticals by 5,225.0% in the 2nd quarter. Quest Partners LLC now owns 213 shares of the biopharmaceutical company's stock valued at $60,000 after acquiring an additional 209 shares in the last quarter. Institutional investors own 98.50% of the company's stock.
Madrigal Pharmaceuticals, Inc, a clinical-stage biopharmaceutical company, focuses on the development of therapeutics for the treatment of non-alcoholic steatohepatitis (NASH) in the United States. Its lead product candidate is resmetirom, a liver-directed thyroid hormone receptor beta agonist, which is in Phase 3 clinical trials for treating NASH.
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