Bloom Burton analyst Prasath Pandurangan maintained a Buy rating on Aurinia Pharmaceuticals (AUPH – Research Report) yesterday and set a price target of $19.50. The company’s shares closed last Wednesday at $9.58, close to its 52-week low of $8.86.
Pandurangan has an average return of 29.0% when recommending Aurinia Pharmaceuticals.
According to TipRanks.com, Pandurangan is ranked #7412 out of 7861 analysts.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Aurinia Pharmaceuticals with a $24.06 average price target, which is an 118.3% upside from current levels. In a report issued on May 5, Cantor Fitzgerald also initiated coverage with a Buy rating on the stock with a $25.00 price target.
The company has a one-year high of $33.97 and a one-year low of $8.86. Currently, Aurinia Pharmaceuticals has an average volume of 2.97M.
Based on the recent corporate insider activity of 88 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AUPH in relation to earlier this year.
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Aurinia Pharmaceuticals, Inc. operates as a clinical stage biopharmaceutical company, which engages in the development of a therapeutic drug to treat autoimmune diseases particularly lupus nephritis. The company was founded by Robert Foster, Richard Glickman and Michael Martin on June 16, 1993 and is headquartered in Victoria, Canada.
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