Akebia Therapeutics (AKBA) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Akebia Therapeutics in the last twelve months. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" AKBA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in AKBA, but not buy additional shares or sell existing shares.
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1 equities research analysts have issued 12 month target prices for Akebia Therapeutics' shares. Their AKBA share price forecasts range from $2.00 to $2.00. On average, they anticipate the company's stock price to reach $2.00 in the next twelve months. This suggests a possible upside of 77.0% from the stock's current price.
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Akebia Therapeutics' stock was trading at $0.5770 at the beginning of 2023. Since then, AKBA shares have increased by 95.8% and is now trading at $1.13.
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Akebia Therapeutics saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,070,000 shares, a decrease of 9.6% from the April 30th total of 4,500,000 shares. Based on an average trading volume of 1,720,000 shares, the days-to-cover ratio is currently 2.4 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
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Akebia Therapeutics, Inc. (NASDAQ:AKBA) issued its quarterly earnings results on Thursday, March, 9th. The biopharmaceutical company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.10. The biopharmaceutical company had revenue of $55.18 million for the quarter, compared to the consensus estimate of $48.35 million. Akebia Therapeutics had a negative trailing twelve-month return on equity of 235.17% and a negative net margin of 20.79%.

28 employees have rated Akebia Therapeutics Chief Executive Officer John Butler on Glassdoor.com. John Butler has an approval rating of 97% among the company's employees. This puts John Butler in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Akebia Therapeutics investors own include Novavax (NVAX), Gilead Sciences (GILD), AbbVie (ABBV), Energy Transfer (ET), Micron Technology (MU), TherapeuticsMD (TXMD), Corbus Pharmaceuticals (CRBP), Pfizer (PFE), NVIDIA (NVDA) and AT&T (T).

Akebia Therapeutics trades on the NASDAQ under the ticker symbol "AKBA."

Akebia Therapeutics' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Alerce Investment Management L.P. (8.72%), BlackRock Inc. (1.45%), Renaissance Technologies LLC (1.26%), State Street Corp (0.37%), Connor Clark & Lunn Investment Management Ltd. (0.16%) and Victory Capital Management Inc. (0.14%). Insiders that own company stock include David A Spellman, Dell Faulkingham, John P Butler, Maxine Gowen, Michel Dahan, Nicole R Hadas, Steven C Gilman, Steven C Gilman, Steven Keith Burke and Violetta Cotreau.
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Shares of AKBA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of AKBA stock can currently be purchased for approximately $1.13.

Akebia Therapeutics (NASDAQ:AKBA) has a market capitalization of $210.10 million and generates $292.60 million in revenue each year. The biopharmaceutical company earns $-92,560,000.00 in net income (profit) each year or ($0.31) on an earnings per share basis.

The company employs 426 workers across the globe.

Akebia Therapeutics' mailing address is 245 FIRST STREET SUITE 1100, CAMBRIDGE MA, 02142. The official website for the company is www.akebia.com. The biopharmaceutical company can be reached via phone at (617) 871-2098, via email at ir@akebia.com, or via fax at 617-871-2099.