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BioMarin Pharmaceutical (BMRN) Gets a Hold Rating from Wedbush

In a report released today, Andreas Argyrides from Wedbush reiterated a Hold rating on BioMarin Pharmaceutical (BMRNResearch Report), with a price target of $70.00. The company’s shares closed last Wednesday at $88.89.

According to TipRanks.com, Argyrides has 0 stars on 0-5 stars ranking scale with an average return of -21.0% and a 30.4% success rate. Argyrides covers the Healthcare sector, focusing on stocks such as Rani Therapeutics Holdings, Global Blood Therapeutics, and Clearside Biomedical.

BioMarin Pharmaceutical has an analyst consensus of Strong Buy, with a price target consensus of $109.21.

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BioMarin Pharmaceutical’s market cap is currently $16.25B and has a P/E ratio of 502.00.

Based on the recent corporate insider activity of 69 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of BMRN in relation to earlier this year. Most recently, in April 2022, George Eric Davis, the EVP, Chief Legal Officer of BMRN bought 2,669 shares for a total of $99,981.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

BioMarin Pharmaceutical, Inc. is a biotechnology company, which engages in the development and commercialization of therapies for people with serious and life-threatening rare diseases and medical conditions. Its pipeline include Vosoritide (BMN 111) for Achondroplasia and Valoctocogene Roxaparvovec (BMN 270) for Hemophilia A. The company was founded by John C. Klock, Christopher M. Starr and Grant W. Denison on March 21, 1997 and is headquartered in San Rafael, CA.

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