Viking Therapeutics (VKTX) Projected to Post Earnings on Wednesday

Viking Therapeutics (NASDAQ:VKTXGet Free Report) is expected to release its earnings data after the market closes on Wednesday, February 5th. Analysts expect Viking Therapeutics to post earnings of ($0.28) per share for the quarter.

Viking Therapeutics Trading Up 2.6 %

Shares of VKTX stock opened at $34.32 on Wednesday. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of -36.90 and a beta of 0.95. Viking Therapeutics has a twelve month low of $21.26 and a twelve month high of $99.41. The stock has a fifty day simple moving average of $43.29 and a two-hundred day simple moving average of $55.04.

Insiders Place Their Bets

In other Viking Therapeutics news, CFO Greg Zante sold 50,309 shares of Viking Therapeutics stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $42.75, for a total transaction of $2,150,709.75. Following the completion of the sale, the chief financial officer now owns 165,259 shares of the company’s stock, valued at approximately $7,064,822.25. The trade was a 23.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian Lian sold 194,490 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $42.75, for a total value of $8,314,447.50. Following the completion of the transaction, the chief executive officer now directly owns 2,366,570 shares in the company, valued at $101,170,867.50. This represents a 7.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 301,014 shares of company stock valued at $12,920,189. Insiders own 4.70% of the company’s stock.

Analysts Set New Price Targets

VKTX has been the topic of several recent research reports. HC Wainwright reiterated a “buy” rating and set a $102.00 target price on shares of Viking Therapeutics in a report on Friday, January 17th. B. Riley started coverage on shares of Viking Therapeutics in a research note on Friday, November 22nd. They issued a “buy” rating and a $109.00 price objective for the company. Piper Sandler initiated coverage on Viking Therapeutics in a research report on Monday, December 2nd. They set an “overweight” rating and a $74.00 target price on the stock. StockNews.com upgraded Viking Therapeutics to a “sell” rating in a research note on Tuesday, October 15th. Finally, William Blair reissued an “outperform” rating on shares of Viking Therapeutics in a research report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $106.75.

Read Our Latest Analysis on Viking Therapeutics

About Viking Therapeutics

(Get Free Report)

Viking Therapeutics, Inc, a clinical-stage biopharmaceutical company, focuses on the development of novel therapies for metabolic and endocrine disorders. The company's lead drug candidate is VK2809, an orally available tissue and receptor-subtype selective agonist of the thyroid hormone receptor beta (TRß), which is in Phase IIb clinical trials to treat patients with biopsy-confirmed non-alcoholic steatohepatitis, as well as NAFLD.

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Earnings History for Viking Therapeutics (NASDAQ:VKTX)

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