NASDAQ:BBIO

BridgeBio Pharma (BBIO) Stock Forecast, Price & News

$27.08

-0.19 (-0.70%)

(As of 09/25/2023 ET)

Compare

Today's Range: $26.22
▼
$27.75
50-Day Range: $26.97
▼
$35.01
52-Week Range: $6.64
▼
$36.36

Volume: 2.86 million shs
Average Volume: 2.71 million shs
Market Capitalization: $4.40 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $37.30

BridgeBio Pharma MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.90 Rating Score
Upside/Downside: 37.7% Upside
$37.30 Price Target
Short Interest: Bearish
13.12% of Float Sold Short
Dividend Strength: N/A
Sustainability: -2.31
Upright™ Environmental Score
News Sentiment: 0.51
Based on 4 Articles This Week
Insider Trading: Selling Shares
$54.62 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($3.53) to ($2.93) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Medical Sector

79th out of 963 stocks

Pharmaceutical Preparations Industry

20th out of 447 stocks

4.5

Analyst's Opinion

Consensus Rating
BridgeBio Pharma has received a consensus rating of Moderate Buy. The company's average rating score is 2.90, and is based on 9 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.30, BridgeBio Pharma has a forecasted upside of 37.7% from its current price of $27.08.
Amount of Analyst Coverage
BridgeBio Pharma has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.0

Short Interest

Percentage of Shares Shorted
13.12% of the float of BridgeBio Pharma has been sold short.
Short Interest Ratio / Days to Cover
BridgeBio Pharma has a short interest ratio ("days to cover") of 4.9.
Change versus previous month
Short interest in BridgeBio Pharma has recently decreased by 2.11%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
BridgeBio Pharma does not currently pay a dividend.
Dividend Growth
BridgeBio Pharma does not have a long track record of dividend growth.

3.9

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
BridgeBio Pharma has received a 53.04% net impact score from Upright. The largest positive contribution comes from its "Physical diseases" impact, which is mostly driven by its "Infigratinib", "Fosdenopterin", and "Clinical research services for cancer" products. See details.
Environmental Sustainability
The Environmental Impact score for BridgeBio Pharma is -2.31.

2.0

News and Social Media Coverage

News Sentiment
BridgeBio Pharma has a news sentiment score of 0.51. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for BridgeBio Pharma this week, compared to 3 articles on an average week.
Search Interest
Only 9 people have searched for BBIO on MarketBeat in the last 30 days. This is a decrease of -77% compared to the previous 30 days.
MarketBeat Follows
Only 4 people have added BridgeBio Pharma to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, BridgeBio Pharma insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $54,622,379.00 in company stock.
Percentage Held by Insiders
28.52% of the stock of BridgeBio Pharma is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
90.85% of the stock of BridgeBio Pharma is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for BridgeBio Pharma are expected to grow in the coming year, from ($3.53) to ($2.93) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of BridgeBio Pharma is -7.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of BridgeBio Pharma is -7.22, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

About BridgeBio Pharma (NASDAQ:BBIO) Stock

BridgeBio Pharma, Inc. engages in the discovery, development, and delivery of various medicines for genetic diseases. The company has a pipeline of 30 development programs that include product candidates ranging from early discovery to late-stage development. Its products in development programs include AG10 and BBP-265, a small molecule stabilizer of transthyretin, or TTR that is in Phase 3 clinical trial for the treatment of TTR amyloidosis-cardiomyopathy, or ATTR-CM; BBP-831, a small molecule selective FGFR1-3 inhibitor, which is Phase 2 clinical trial to treat achondroplasia in pediatric patients; and BBP-631, an AAV5 gene transfer product candidate that is in Phase 2 clinical trial for the treatment of congenital adrenal hyperplasia, or CAH, driven by 21-hydroxylase deficiency, or 21OHD. The company also develops Encaleret, a small molecule antagonist of the calcium sensing receptor, or CaSR, which is in phase 2 proof-of-concept clinical trial for Autosomal Dominant Hypocalcemia Type 1, or ADH1; and BBP-711 for the treatment of hyperoxaluria, as well as patients suffering from recurrent kidney stones. In addition, it engages in developing products for Mendelian, oncology, and gene therapy diseases. BridgeBio Pharma, Inc. has license and collaboration agreements with the Leland Stanford Junior University; and The Regents of the University of California; Leidos Biomedical Research, Inc. The company was founded in 2015 and is headquartered in Palo Alto, California.

BBIO Price History

30 days | 90 days | 365 days | Advanced Chart

BBIO Stock News Headlines

September 25, 2023 | seekingalpha.com

BridgeBio Pharma to issue 9.2M shares through PIPE financing

September 25, 2023 | markets.businessinsider.com

BridgeBio Pharma Announces $250 Mln PIPE Financing

September 26, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

September 25, 2023 | msn.com

Qatar Investment Authority Leads $250M PIPE Financing in BridgeBio (NASDAQ:BBIO)

September 19, 2023 | americanbankingnews.com

BridgeBio Pharma, Inc. (NASDAQ:BBIO) Receives Consensus Recommendation of "Moderate Buy" from Analysts

September 17, 2023 | americanbankingnews.com

BridgeBio Pharma (NASDAQ:BBIO) Shares Gap Down to $29.62

September 14, 2023 | markets.businessinsider.com

BridgeBio Pharma (BBIO) Gets a Buy from Goldman Sachs

September 7, 2023 | markets.businessinsider.com

Analysts’ Opinions Are Mixed on These Healthcare Stocks: BridgeBio Pharma (BBIO) and BioMarin Pharmaceutical (BMRN)

September 26, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

September 7, 2023 | finance.yahoo.com

BridgeBio Pharma to Participate in the Morgan Stanley 21st Annual Global Healthcare Conference

September 6, 2023 | finance.yahoo.com

BridgeBio Pharma Announces Positive Feedback from the U.S. FDA and EU EMA on the Regulatory Path for a Pivotal Phase 3 Trial of Infigratinib in Children with Achondroplasia

August 30, 2023 | seekingalpha.com

BridgeBio: Positive Updated Acoramidis Data May Not Imply Further Upside

August 30, 2023 | msn.com

What's Going On With BridgeBio Pharma Stock Today?

August 28, 2023 | msn.com

Mizuho Reiterates BridgeBio Pharma (BBIO) Buy Recommendation

August 28, 2023 | msn.com

Pfizer Was First In Treating This Heart Disease. Why BridgeBio Could Be Better.

August 27, 2023 | markets.businessinsider.com

Analysts Have Conflicting Sentiments on These Healthcare Companies: Paycor HCM (PYCR), BridgeBio Pharma (BBIO) and Evolent Health (EVH)

August 27, 2023 | finance.yahoo.com

BridgeBio presents detailed positive results from Phase 3 ATTRibute-CM study of acoramidis for patients with transthyretin amyloid cardiomyopathy (ATTR-CM) at European Society of Cardiology Congress 2023

August 24, 2023 | finance.yahoo.com

BridgeBio Pharma to Present Detailed Results from the Phase 3 ATTRibute Study in Patients with Transthyretin Amyloidosis Cardiomyopathy (ATTR-CM) at European Society of Cardiology (ESC) Congress 2023

August 24, 2023 | benzinga.com

BridgeBio Pharma Unusual Options Activity

August 21, 2023 | markets.businessinsider.com

Analysts Are Bullish on These Healthcare Stocks: Neurocrine (NBIX), Teva Pharmaceutical (TEVA)

August 18, 2023 | msn.com

JP Morgan Maintains BridgeBio Pharma (BBIO) Overweight Recommendation

August 9, 2023 | finance.yahoo.com

Wall Street Thinks BridgeBio Pharma Could Rise Over 40% -- But Will It?

August 3, 2023 | finanznachrichten.de

BridgeBio Pharma, Inc.: BridgeBio Pharma Reports Second Quarter 2023 Financial Results and Business Update

August 3, 2023 | finance.yahoo.com

BridgeBio Pharma (BBIO) Reports Q2 Loss, Misses Revenue Estimates

August 3, 2023 | finance.yahoo.com

BridgeBio Pharma Reports Second Quarter 2023 Financial Results and Business Update

August 2, 2023 | msn.com

BridgeBio Pharma (BBIO) Price Target Increased by 59.14% to 46.35

July 31, 2023 | finance.yahoo.com

BridgeBio Pharma Announces Opportunity for Accelerated Approval Pathway in Limb-girdle Muscular Dystrophy Type 2I (LGMD2I/R9) Based on Glycosylated Alpha-dystroglycan (⍺DG) Levels and Announces First Patient Dosed in FORTIFY Phase 3 Study

See More Headlines

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BBIO Company Calendar

Last Earnings: 8/03/2023
Today: 9/25/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Pharmaceutical preparations
Sub-Industry: N/A
Sector: Medical
Current Symbol: NASDAQ:BBIO
CUSIP: N/A
CIK: 1743881
Web: bridgebio.com
Phone: (650) 391-9740
Fax: N/A
Employees: 392
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $37.30
High Stock Price Forecast: $60.00
Low Stock Price Forecast: $18.00
Forecasted Upside/Downside: +37.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.90
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($3.75)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-481,180,000.00
Net Margins: -10,096.65%
Pretax Margin: -10,294.24%
Return on Equity: N/A
Return on Assets: -91.14%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.93
Quick Ratio: 3.93

Sales & Book Value

Annual Sales: $77.65 million
Price / Sales: 56.66
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: ($8.32) per share
Price / Book: -3.25

Miscellaneous

Outstanding Shares: 162,470,000
Free Float: 116,135,000
Market Cap: $4.40 billion
Optionable: Not Optionable
Beta: 0.97

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Key Executives

Dr. Neil Kumar Ph.D. (Age 44)
Co-Founder, Pres, CEO & Director
Comp: $2.1M

Dr. Charles J. Homcy M.D. (Age 75)
Co-Founder, Chairman of Pharmaceuticals & Independent Lead Director
Comp: $208k

Dr. Brian C. Stephenson C.F.A. (Age 42)
Ph.D., CFO & Sec.
Comp: $1.15M

Dr. Richard H. Scheller Ph.D. (Age 70)
Chairman of R&D
Comp: $202.4k

Dr. Frank P. McCormick Ph.D. (Age 73)
Co-Founder & Chairman of Oncology

Dr. Uma Sinha Ph.D. (Age 66)
Chief Scientific Officer

Grace Rauh
VP of Communications

Mr. Eli M. Wallace Ph.D. (Age 56)
Chief Scientific Officer of Oncology

Dr. Thomas Trimarchi Ph.D.
Chief Product Officer

Dr. Eric Michael David J.D. (Age 51)
M.D., Ph.D., Chief Exec. Officer of Gene Therapy

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

BBIO Stock - Frequently Asked Questions

Should I buy or sell BridgeBio Pharma stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for BridgeBio Pharma in the last year. There are currently 1 hold rating and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" BBIO shares.
View BBIO analyst ratings or view top-rated stocks.
What is BridgeBio Pharma's stock price forecast for 2023?: 10 Wall Street analysts have issued twelve-month price objectives for BridgeBio Pharma's shares. Their BBIO share price forecasts range from $18.00 to $60.00. On average, they anticipate the company's share price to reach $37.30 in the next twelve months. This suggests a possible upside of 37.7% from the stock's current price.
View analysts price targets for BBIO or view top-rated stocks among Wall Street analysts.
How have BBIO shares performed in 2023?: BridgeBio Pharma's stock was trading at $7.62 at the beginning of 2023. Since then, BBIO shares have increased by 255.4% and is now trading at $27.08.
View the best growth stocks for 2023 here.
When is BridgeBio Pharma's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our BBIO earnings forecast.
How were BridgeBio Pharma's earnings last quarter?: BridgeBio Pharma, Inc. (NASDAQ:BBIO) announced its earnings results on Thursday, August, 3rd. The company reported ($0.98) earnings per share for the quarter, missing analysts' consensus estimates of ($0.80) by $0.18. The business earned $1.60 million during the quarter, compared to analysts' expectations of $2.99 million. The company's revenue was down 97.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.07) earnings per share.
What ETFs hold BridgeBio Pharma's stock?: ETFs with the largest weight of BridgeBio Pharma (NASDAQ:BBIO) stock in their portfolio include Virtus LifeSci Biotech Products ETF (BBP), WisdomTree BioRevolution Fund (WDNA), SPDR S&P Biotech ETF (XBI), Direxion Daily S&P Biotech Bull 3x Shares (LABU), Principal Healthcare Innovators ETF (BTEC), First Trust Small Cap Growth AlphaDEX Fund (FYC), Invesco Nasdaq Biotechnology ETF (IBBQ) and Pacer WealthShield ETF (PWS).
What other stocks do shareholders of BridgeBio Pharma own?: Based on aggregate information from My MarketBeat watchlists, some companies that other BridgeBio Pharma investors own include Advanced Micro Devices (AMD), Gilead Sciences (GILD), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Pfizer (PFE), Roku (ROKU), Editas Medicine (EDIT), Block (SQ), Sorrento Therapeutics (SRNE) and Sarepta Therapeutics (SRPT).

When did BridgeBio Pharma IPO?: (BBIO) raised $225 million in an initial public offering on Thursday, June 27th 2019. The company issued 15,000,000 shares at $14.00-$16.00 per share. J.P. Morgan, Goldman Sachs, Jefferies, SVB Leerink and KKR acted as the underwriters for the IPO and Piper Jaffray, Mizuho Securities, BMO Capital Markets and Raymond James were co-managers.
What is BridgeBio Pharma's stock symbol?: BridgeBio Pharma trades on the NASDAQ under the ticker symbol "BBIO."
Who are BridgeBio Pharma's major shareholders?: BridgeBio Pharma's stock is owned by a number of retail and institutional investors. Top institutional investors include Geode Capital Management LLC (1.49%), Perceptive Advisors LLC (1.08%), Northern Trust Corp (0.70%), American International Group Inc. (0.61%), Charles Schwab Investment Management Inc. (0.59%) and Cormorant Asset Management LP (0.00%). Insiders that own company stock include Brian C Stephenson, Brian C Stephenson, Cameron Turtle, Charles J Homcy, Douglas A Dachille, Genetic Disorder LP Kkr, Global Investors Lp Viking, Michael Thomas Henderson, Neil Kumar, Randal W Scott, Richard H Scheller and Ronald J Daniels.
View institutional ownership trends.
How do I buy shares of BridgeBio Pharma?: Shares of BBIO 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.
Compare Top Brokerages Here.
What is BridgeBio Pharma's stock price today?: One share of BBIO stock can currently be purchased for approximately $27.08.
How much money does BridgeBio Pharma make?: BridgeBio Pharma (NASDAQ:BBIO) has a market capitalization of $4.40 billion and generates $77.65 million in revenue each year. The company earns $-481,180,000.00 in net income (profit) each year or ($3.75) on an earnings per share basis.
How many employees does BridgeBio Pharma have?: The company employs 392 workers across the globe.
How can I contact BridgeBio Pharma?: BridgeBio Pharma's mailing address is 421 Kipling Street, Palo Alto CA, 94301. The official website for the company is bridgebio.com. The company can be reached via phone at (650) 391-9740.

This page (NASDAQ:BBIO) was last updated on 9/26/2023 by MarketBeat.com Staff

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