Apogee Therapeutics (NASDAQ:APGE – Get Free Report)‘s stock had its “outperform” rating reissued by equities researchers at Wedbush in a research report issued on Tuesday,RTT News reports. They presently have a $87.00 price target on the stock. Wedbush’s target price would suggest a potential upside of 51.70% from the company’s previous close.
Apogee Therapeutics Price Performance
NASDAQ:APGE traded down $3.11 during trading hours on Tuesday, reaching $57.35. 287,957 shares of the company traded hands, compared to its average volume of 494,305. The firm’s 50-day moving average is $54.61 and its 200-day moving average is $48.98. The stock has a market cap of $2.58 billion, a P/E ratio of -27.71 and a beta of 2.93. Apogee Therapeutics has a 1-year low of $14.91 and a 1-year high of $72.29.
Apogee Therapeutics (NASDAQ:APGE – Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The company reported ($0.60) EPS for the quarter, hitting analysts’ consensus estimates of ($0.60). As a group, research analysts predict that Apogee Therapeutics will post -2.57 earnings per share for the current year.
Insider Activity
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of the business. Driehaus Capital Management LLC raised its position in Apogee Therapeutics by 2.6% in the second quarter. Driehaus Capital Management LLC now owns 2,117,870 shares of the company’s stock valued at $83,338,000 after purchasing an additional 54,107 shares during the period. Perceptive Advisors LLC raised its holdings in shares of Apogee Therapeutics by 2.2% during the 2nd quarter. Perceptive Advisors LLC now owns 2,105,636 shares of the company’s stock valued at $82,857,000 after buying an additional 45,241 shares during the period. Vanguard Group Inc. lifted its position in Apogee Therapeutics by 60.7% during the 1st quarter. Vanguard Group Inc. now owns 1,868,666 shares of the company’s stock worth $124,173,000 after acquiring an additional 705,795 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in Apogee Therapeutics by 51.9% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,170,327 shares of the company’s stock worth $77,770,000 after acquiring an additional 399,646 shares in the last quarter. Finally, Affinity Asset Advisors LLC boosted its holdings in Apogee Therapeutics by 41.2% in the 2nd quarter. Affinity Asset Advisors LLC now owns 836,283 shares of the company’s stock worth $32,908,000 after acquiring an additional 244,190 shares during the period. Hedge funds and other institutional investors own 79.04% of the company’s stock.
Apogee Therapeutics Company Profile
Apogee Therapeutics, Inc, through its subsidiary, operates as a biotechnology company that develops biologics for the treatment of atopic dermatitis (AD), asthma, chronic obstructive pulmonary disease (COPD), and related inflammatory and immunology indications. The company primarily develops APG777, a subcutaneous (SQ) extended half-life monoclonal antibody (mAb) for AD; and APG808, an SQ extended half-life mAb for COPD.
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