GW Pharmaceuticals (NASDAQ:GWPH) was upgraded by research analysts at BidaskClub from a "strong sell" rating to a "sell" rating in a research report issued to clients and investors on Thursday, BidAskClub reports.
A number of other research analysts have also recently weighed in on the stock. Cantor Fitzgerald reduced their price target on shares of GW Pharmaceuticals from $165.00 to $147.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 29th. Zacks Investment Research cut shares of GW Pharmaceuticals from a "hold" rating to a "sell" rating in a research report on Tuesday. Finally, HC Wainwright reissued a "buy" rating on shares of GW Pharmaceuticals in a research report on Wednesday, November 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have issued a buy rating to the company's stock. GW Pharmaceuticals has an average rating of "Hold" and a consensus price target of $183.08.
Shares of GWPH stock opened at $119.72 on Thursday. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of -69.60 and a beta of 2.25. The company has a quick ratio of 4.31, a current ratio of 5.13 and a debt-to-equity ratio of 0.01. GW Pharmaceuticals has a fifty-two week low of $67.98 and a fifty-two week high of $144.00. The firm's 50 day moving average price is $123.36 and its two-hundred day moving average price is $114.22.
GW Pharmaceuticals (NASDAQ:GWPH) last announced its quarterly earnings results on Tuesday, November 3rd. The biopharmaceutical company reported ($0.36) earnings per share for the quarter, beating analysts' consensus estimates of ($0.63) by $0.27. The firm had revenue of $137.10 million for the quarter, compared to analysts' expectations of $97.66 million. GW Pharmaceuticals had a negative net margin of 11.05% and a negative return on equity of 7.46%. GW Pharmaceuticals's revenue was up 50.7% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.04) earnings per share. On average, equities analysts forecast that GW Pharmaceuticals will post -1.71 EPS for the current fiscal year.
In other GW Pharmaceuticals news, CEO Justin D. Gover sold 7,200 shares of the business's stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $10.00, for a total transaction of $72,000.00. Following the sale, the chief executive officer now owns 459,653 shares in the company, valued at approximately $4,596,530. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Chairman Geoffrey W. Dr Guy sold 480,000 shares of the business's stock in a transaction dated Monday, December 7th. The stock was sold at an average price of $11.00, for a total value of $5,280,000.00. Following the sale, the chairman now owns 5,421,925 shares in the company, valued at approximately $59,641,175. The disclosure for this sale can be found here. Insiders sold 980,832 shares of company stock valued at $9,901,832 in the last ninety days. Corporate insiders own 3.10% of the company's stock.
Large investors have recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. increased its holdings in GW Pharmaceuticals by 317.5% in the third quarter. First Horizon Advisors Inc. now owns 263 shares of the biopharmaceutical company's stock worth $26,000 after buying an additional 200 shares during the last quarter. FNY Investment Advisers LLC acquired a new position in shares of GW Pharmaceuticals in the third quarter valued at $33,000. Fifth Third Bancorp raised its stake in GW Pharmaceuticals by 18.9% during the third quarter. Fifth Third Bancorp now owns 1,027 shares of the biopharmaceutical company's stock worth $100,000 after acquiring an additional 163 shares in the last quarter. SG Americas Securities LLC acquired a new position in GW Pharmaceuticals during the third quarter worth $139,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of GW Pharmaceuticals in the second quarter valued at $266,000. Hedge funds and other institutional investors own 76.43% of the company's stock.
GW Pharmaceuticals Company Profile
GW Pharmaceuticals plc, a biopharmaceutical company, focuses on discovering, developing, and commercializing novel therapeutics from its proprietary cannabinoid product platform. Its lead product is Epidiolex, an oral medicine for the treatment of refractory childhood epilepsies, Dravet syndrome, and Lennox-Gastaut syndrome, as well as in phase III clinical trials for the treatment of tuberous sclerosis complex.
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