UBS Group started coverage on shares of BridgeBio Pharma (NASDAQ:BBIO) in a report published on Tuesday, The Fly reports. The firm issued a reduce rating on the stock.
A number of other research firms also recently weighed in on BBIO. Piper Jaffray Companies dropped coverage on shares of BridgeBio Pharma in a research report on Friday, October 18th. Zacks Investment Research upgraded BridgeBio Pharma from a sell rating to a hold rating in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $40.13.
NASDAQ:BBIO opened at $30.56 on Tuesday. BridgeBio Pharma has a 52 week low of $17.61 and a 52 week high of $35.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 14.00 and a current ratio of 14.00. The business’s 50-day simple moving average is $24.97.
A number of hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in shares of BridgeBio Pharma during the 2nd quarter worth approximately $476,000. Janus Henderson Group PLC acquired a new position in BridgeBio Pharma during the second quarter valued at approximately $9,331,000. TimesSquare Capital Management LLC bought a new stake in BridgeBio Pharma during the second quarter worth $4,046,000. JPMorgan Chase & Co. bought a new stake in BridgeBio Pharma during the second quarter worth $25,274,000. Finally, Monashee Investment Management LLC bought a new stake in BridgeBio Pharma during the second quarter worth $1,349,000. 83.46% of the stock is currently owned by hedge funds and other institutional investors.
BridgeBio Pharma Company Profile
BridgeBio Pharma, Inc finds, develops, and delivers various medicines for genetic diseases. The company has a pipeline of 15 development programs that include product candidates ranging from early discovery to late-stage development in various therapeutic areas, including genetic dermatology, oncology, cardiology, neurology, endocrinology, renal disease, and ophthalmology.
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