Applied Therapeutics (NASDAQ:APLT – Get Rating) posted its quarterly earnings data on Thursday. The company reported ($0.88) earnings per share for the quarter, missing the consensus estimate of ($0.83) by ($0.05), MarketWatch Earnings reports.
Shares of APLT stock opened at $1.72 on Friday. Applied Therapeutics has a one year low of $1.45 and a one year high of $25.59. The stock has a fifty day moving average price of $2.00 and a 200 day moving average price of $5.44.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Applied Therapeutics from a “hold” rating to a “buy” rating and set a $2.00 price objective for the company in a research report on Wednesday, March 2nd. Barclays reduced their price objective on Applied Therapeutics from $7.00 to $2.50 and set an “equal weight” rating for the company in a research report on Monday, March 21st. Finally, Truist Financial reduced their price objective on Applied Therapeutics to $6.00 in a research report on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Applied Therapeutics currently has a consensus rating of “Hold” and a consensus target price of $12.08.
A number of institutional investors have recently added to or reduced their stakes in APLT. Renaissance Technologies LLC raised its stake in Applied Therapeutics by 1,503.4% during the first quarter. Renaissance Technologies LLC now owns 282,200 shares of the company’s stock worth $595,000 after acquiring an additional 264,600 shares in the last quarter. BlackRock Inc. increased its stake in shares of Applied Therapeutics by 5.0% in the first quarter. BlackRock Inc. now owns 1,363,403 shares of the company’s stock valued at $2,876,000 after buying an additional 64,872 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Applied Therapeutics by 220.4% in the third quarter. Dimensional Fund Advisors LP now owns 50,184 shares of the company’s stock valued at $832,000 after buying an additional 34,521 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Applied Therapeutics in the first quarter valued at $70,000. Finally, State Street Corp increased its stake in shares of Applied Therapeutics by 8.8% in the fourth quarter. State Street Corp now owns 341,651 shares of the company’s stock valued at $3,058,000 after buying an additional 27,700 shares in the last quarter. Hedge funds and other institutional investors own 95.51% of the company’s stock.
Applied Therapeutics Company Profile (Get Rating)
Applied Therapeutics, Inc, a clinical-stage biopharmaceutical company, develops novel products to target cardiovascular disease, galactosemia, and diabetic complications. Its lead product candidate is AT-007 that has completed phase 1/2 for the treatment of galactosemia in healthy volunteers and adults, as well as is in pediatric clinical study for the treatment of galactosemia in kids; for treating sorbitol dehydrogenase deficiency; and for the treatment of phosphomannomutase enzyme-CDG.
- Get a free copy of the StockNews.com research report on Applied Therapeutics (APLT)
- The Three Most Upgraded Stocks You Can Buy Now
- MarketBeat: Week in Review 5/9 – 5/13
- Is Electronic Arts (NASDAQ: EA) Suddenly A Safe Haven?
- Beyond Meat Stock Value is Improving
- The Travel Sector Is Getting Upgraded
Want More Great Investing Ideas?
- 3 Stocks to DOUBLE This Year
- The 10 Best Stocks to Own in 2022
- 7 Stocks to Buy and Hold Forever
- 9 "MUST OWN" Growth Stocks
Receive News & Ratings for Applied Therapeutics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Applied Therapeutics and related companies with MarketBeat.com's FREE daily email newsletter.