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UroGen Pharma Sees Unusually Large Options Volume (NASDAQ:URGN)

Friday, November 20, 2020 | MarketBeat

UroGen Pharma Ltd. (NASDAQ:URGN) was the target of some unusual options trading on Thursday. Stock traders purchased 2,353 call options on the stock. This is an increase of 2,099% compared to the average volume of 107 call options.

In other UroGen Pharma news, CFO Peter P. Pfreundschuh sold 2,400 shares of UroGen Pharma stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $21.77, for a total value of $52,248.00. Following the completion of the sale, the chief financial officer now owns 12,805 shares of the company's stock, valued at approximately $278,764.85. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 2,849 shares of company stock worth $61,394 over the last ninety days. 12.00% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in URGN. BlackRock Inc. boosted its holdings in shares of UroGen Pharma by 1.4% in the 3rd quarter. BlackRock Inc. now owns 1,485,601 shares of the company's stock valued at $28,657,000 after acquiring an additional 19,796 shares during the last quarter. Phoenix Holdings Ltd. raised its stake in shares of UroGen Pharma by 0.5% during the 3rd quarter. Phoenix Holdings Ltd. now owns 901,979 shares of the company's stock valued at $16,405,000 after buying an additional 4,515 shares during the last quarter. FMR LLC raised its stake in shares of UroGen Pharma by 5.8% during the 1st quarter. FMR LLC now owns 588,203 shares of the company's stock valued at $21,728,000 after buying an additional 32,200 shares during the last quarter. Horton Capital Management LLC lifted its holdings in shares of UroGen Pharma by 52.4% in the 2nd quarter. Horton Capital Management LLC now owns 383,428 shares of the company's stock valued at $10,015,000 after buying an additional 131,809 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of UroGen Pharma by 24.5% in the second quarter. Nuveen Asset Management LLC now owns 337,149 shares of the company's stock worth $8,807,000 after buying an additional 66,316 shares during the last quarter. 69.95% of the stock is owned by institutional investors and hedge funds.

Several research firms have issued reports on URGN. ValuEngine cut shares of UroGen Pharma from a "strong-buy" rating to a "buy" rating in a research note on Saturday, September 26th. HC Wainwright restated a "buy" rating on shares of UroGen Pharma in a research report on Tuesday, September 8th. Oppenheimer cut their target price on shares of UroGen Pharma from $48.00 to $40.00 in a research report on Tuesday, November 10th. Stifel Nicolaus reiterated a "buy" rating and set a $46.00 target price on shares of UroGen Pharma in a research note on Monday, August 10th. Finally, JPMorgan Chase & Co. dropped their price target on UroGen Pharma from $31.00 to $26.00 in a research note on Monday, September 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company's stock. The company presently has an average rating of "Buy" and an average price target of $39.00.

Shares of URGN stock opened at $20.58 on Friday. UroGen Pharma has a 12 month low of $13.12 and a 12 month high of $35.21. The stock has a market cap of $430.06 million, a P/E ratio of -3.35 and a beta of 1.69. The company has a 50 day simple moving average of $22.28 and a two-hundred day simple moving average of $23.45.

UroGen Pharma (NASDAQ:URGN) last issued its quarterly earnings data on Monday, November 9th. The company reported ($1.31) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.47) by $0.16. The business had revenue of $3.46 million for the quarter, compared to the consensus estimate of $3.21 million. On average, sell-side analysts predict that UroGen Pharma will post -6.14 earnings per share for the current year.

UroGen Pharma Company Profile

UroGen Pharma Ltd., a clinical stage biopharmaceutical company, focuses on developing solutions for specialty cancers and urologic diseases. The company's lead product candidates are UGN-101 and UGN-102, which are designed to ablate tumors by non-surgical means and to treat several forms of non-muscle invasive urothelial cancer that include low-grade upper tract urothelial carcinoma and low-grade non-muscle invasive bladder cancer.

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