Halozyme Therapeutics, Inc. (NASDAQ:HALO – Get Free Report) CEO Helen Torley sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $59.09, for a total transaction of $590,900.00. Following the completion of the transaction, the chief executive officer now directly owns 676,744 shares of the company’s stock, valued at $39,988,802.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Helen Torley also recently made the following trade(s):
- On Thursday, September 12th, Helen Torley sold 10,000 shares of Halozyme Therapeutics stock. The shares were sold at an average price of $59.20, for a total value of $592,000.00.
Halozyme Therapeutics Trading Up 2.9 %
Shares of NASDAQ:HALO opened at $62.30 on Friday. Halozyme Therapeutics, Inc. has a 52-week low of $32.83 and a 52-week high of $65.53. The company has a debt-to-equity ratio of 5.19, a quick ratio of 6.21 and a current ratio of 7.41. The company has a market capitalization of $7.89 billion, a P/E ratio of 25.74, a price-to-earnings-growth ratio of 0.57 and a beta of 1.28. The company has a 50-day simple moving average of $57.57 and a 200 day simple moving average of $48.42.
Hedge Funds Weigh In On Halozyme Therapeutics
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HALO. Sanctuary Advisors LLC acquired a new stake in shares of Halozyme Therapeutics during the 2nd quarter worth about $1,075,000. Chase Investment Counsel Corp bought a new position in Halozyme Therapeutics in the 2nd quarter valued at about $4,782,000. Creative Planning lifted its position in Halozyme Therapeutics by 43.2% during the second quarter. Creative Planning now owns 37,291 shares of the biopharmaceutical company’s stock worth $1,953,000 after acquiring an additional 11,249 shares during the last quarter. Doheny Asset Management CA bought a new stake in shares of Halozyme Therapeutics during the second quarter worth approximately $6,470,000. Finally, Algert Global LLC acquired a new position in shares of Halozyme Therapeutics in the second quarter valued at approximately $670,000. 97.79% of the stock is owned by institutional investors.
Analysts Set New Price Targets
HALO has been the topic of a number of recent research reports. Morgan Stanley lifted their target price on Halozyme Therapeutics from $59.00 to $64.00 and gave the company an “overweight” rating in a research report on Wednesday, August 7th. Wells Fargo & Company lifted their price objective on shares of Halozyme Therapeutics from $48.00 to $58.00 and gave the company an “overweight” rating in a report on Friday, June 7th. Benchmark restated a “buy” rating and set a $60.00 target price on shares of Halozyme Therapeutics in a report on Thursday, August 8th. JPMorgan Chase & Co. lowered their price target on shares of Halozyme Therapeutics from $53.00 to $52.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 6th. Finally, HC Wainwright reissued a “buy” rating and set a $65.00 price target on shares of Halozyme Therapeutics in a research report on Friday. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $59.44.
View Our Latest Stock Analysis on Halozyme Therapeutics
Halozyme Therapeutics Company Profile
Halozyme Therapeutics, Inc, a biopharma technology platform company, researches, develops, and commercializes proprietary enzymes and devices in the United States, Switzerland, Belgium, Japan, and internationally. The company's products are based on the patented recombinant human hyaluronidase enzyme (rHuPH20) that enables delivery of injectable biologics, such as monoclonal antibodies and other therapeutic molecules, as well as small molecules and fluids.
See Also
- Five stocks we like better than Halozyme Therapeutics
- Pros And Cons Of Monthly Dividend Stocks
- Can Celsius Stock Rebound? Analysts See 74% Upside Potential
- How to Choose Top Rated Stocks
- Kroger Stock is a Win-Win for Buy-and-Hold Investors
- Best of the list of Dividend Aristocrats: Build wealth with the aristocrat index
- MarketBeat Week in Review – 9/9 – 9/13
Receive News & Ratings for Halozyme Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Halozyme Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.