Key Points

  • 1. Institutional investors, including Graham Capital Management L.P., have shown interest in Aurinia Pharmaceuticals, with recent purchases of the company's shares.
  • 2. Aurinia Pharmaceuticals reported mixed quarterly earnings, missing analyst estimates on earnings per share but meeting revenue expectations.
  • 3. Analyst ratings for AUPH are divided, with some maintaining a "buy" rating and others downgrading their ratings and price targets.
  • 4. Institutional investors now own 39.64% of Aurinia Pharmaceuticals' stock.
  • 5. Despite market volatility, Aurinia Pharmaceuticals has shown resilience and continues to attract investor attention.

Aurinia Pharmaceuticals Inc. (AUPH) has been attracting interest from institutional investors in recent quarters, with Graham Capital Management L.P. being the latest addition to the list. This trend, coupled with the company's recent financial performance, paints an interesting picture for potential investors.

The most recent development is Graham Capital Management L.P.'s purchase of 68,448 shares in the third quarter, valued at approximately $532,000. This follows similar moves by other institutional investors in the first quarter. Raymond James & Associates, BlackRock Inc., Great West Life Assurance Co. Can, Vontobel Holding Ltd., and Vanguard Group Inc. all increased their positions in Aurinia Pharmaceuticals during that period.

Financial Performance and Analyst Ratings

Aurinia Pharmaceuticals reported mixed results in its latest quarterly earnings. The company missed analyst estimates on earnings per share but met revenue expectations. Despite a negative return on equity and net margin, the company did see a significant year-over-year increase in revenue.

Analyst ratings for AUPH are currently divided. While some analysts remain bullish, with HC Wainwright maintaining a "buy" rating and a $13.00 target price, others have downgraded their ratings and price targets. The overall consensus rating sits at "Moderate Buy" with a price target of $10.00.

This purchase adds to the growing interest from various hedge funds and institutional investors in AUPH. For instance, Raymond James & Associates initiated a position in Aurinia Pharmaceuticals earlier this year, while BlackRock Inc. and Vanguard Group Inc. have been steadily increasing their holdings. In total, institutional investors now own 39.64% of the company's stock.

Despite recent market volatility, Aurinia Pharmaceuticals has shown resilience. The stock opened at $5.17 on Friday, maintaining a steady performance. With a market capitalization of $747.68 million and a beta of 1.37, AUPH continues to attract investor attention.

Aurinia Pharmaceuticals recently announced its quarterly earnings, reporting a revenue of $45.10 million. While the company missed earnings estimates by ($0.03) per share, its revenue exceeded analysts' expectations. This has prompted mixed reviews from research analysts, with some maintaining a bullish outlook, while others have revised their target prices downward.

Royal Bank of Canada and HC Wainwright maintain their "outperform" and "buy" ratings, respectively, with price targets ranging from $8.00 to $13.00. On the other hand, Jefferies Financial Group and Cantor Fitzgerald have adjusted their target prices but remain cautiously optimistic about the stock's performance.

With Aurinia Pharmaceuticals poised for potential growth and continued investor interest, the biotech sector remains an area to watch closely for savvy investors seeking opportunities in the healthcare industry

About Aurinia Pharmaceuticals Inc.

  • Ticker AUPH
  • Exchange NASDAQ
  • Sector Healthcare
  • Industry Biotechnology
  • Shares Outstandng 141,892,000
  • Market Cap $715M
  • Description
  • Aurinia Pharmaceuticals Inc., a commercial-stage biopharmaceutical company, focuses on developing and commercializing therapies to treat various diseases with unmet medical need in the United States and internationally. The company offers LUPKYNIS for the treatment of adult patients with active lupus nephritis. It has a collaboration and license...
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