Uniqure (QURE) Shares Down 7.3%

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Uniqure NV (NASDAQ:QURE) shares were down 7.3% during mid-day trading on Friday . The stock traded as low as $63.22 and last traded at $63.43. Approximately 589,379 shares traded hands during mid-day trading, an increase of 10% from the average daily volume of 536,403 shares. The stock had previously closed at $68.41.

Several research analysts have issued reports on QURE shares. HC Wainwright reiterated a “buy” rating and issued a $60.00 price objective (up previously from $48.00) on shares of Uniqure in a research report on Monday, November 26th. Chardan Capital reiterated a “buy” rating and issued a $70.00 price objective on shares of Uniqure in a research report on Monday, December 3rd. Guggenheim started coverage on Uniqure in a research report on Monday, December 17th. They issued a “buy” rating and a $35.00 price objective for the company. B. Riley started coverage on Uniqure in a research report on Monday, December 31st. They issued a “buy” rating and a $72.00 price objective for the company. Finally, Zacks Investment Research cut Uniqure from a “hold” rating to a “sell” rating in a research report on Friday, January 11th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $73.00.

The company has a quick ratio of 11.85, a current ratio of 11.85 and a debt-to-equity ratio of 0.20. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of -27.11 and a beta of 1.07.

Uniqure (NASDAQ:QURE) last posted its earnings results on Thursday, February 28th. The biotechnology company reported ($0.59) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.67) by $0.08. Uniqure had a negative return on equity of 47.73% and a negative net margin of 738.25%. On average, research analysts anticipate that Uniqure NV will post -2.91 earnings per share for the current fiscal year.

In other Uniqure news, CAO Christian Klemt sold 1,479 shares of the company’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $31.29, for a total value of $46,277.91. Following the sale, the chief accounting officer now owns 56,085 shares of the company’s stock, valued at $1,754,899.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Matthew C. Kapusta sold 67,376 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were sold at an average price of $63.96, for a total value of $4,309,368.96. The disclosure for this sale can be found here. Insiders sold 113,390 shares of company stock worth $5,764,148 in the last three months. 1.56% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of QURE. Northern Trust Corp bought a new position in Uniqure during the 2nd quarter worth about $602,000. Wells Fargo & Company MN grew its holdings in Uniqure by 24.2% during the 3rd quarter. Wells Fargo & Company MN now owns 17,829 shares of the biotechnology company’s stock worth $649,000 after acquiring an additional 3,472 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Uniqure by 12.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 18,747 shares of the biotechnology company’s stock worth $682,000 after acquiring an additional 2,129 shares in the last quarter. BlackRock Inc. grew its holdings in Uniqure by 3.6% during the 3rd quarter. BlackRock Inc. now owns 481,106 shares of the biotechnology company’s stock worth $17,507,000 after acquiring an additional 16,680 shares in the last quarter. Finally, Credit Suisse AG grew its holdings in Uniqure by 20.8% during the 3rd quarter. Credit Suisse AG now owns 28,271 shares of the biotechnology company’s stock worth $1,028,000 after acquiring an additional 4,859 shares in the last quarter. 60.52% of the stock is currently owned by institutional investors.

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About Uniqure (NASDAQ:QURE)

uniQure N.V., a gene therapy company, engages in the discovery, development, and commercialization of gene therapies in the Netherlands. The company develops AMT-060, which is in Phase I/II clinical trial to treat hemophilia B; AMT-061, a gene therapy that is in Phase III clinical trial for the treatment of hemophilia; and AMT-126, a gene therapy for the treatment of congestive heart failure and AMT-130 to treat huntington's disease.

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