BioMarin Pharmaceutical (BMRN) Director V Bryan Lawlis Sells 3,750 Shares

BioMarin Pharmaceutical (NASDAQ:BMRN) Director V Bryan Lawlis sold 3,750 shares of the firm’s stock in a transaction dated Tuesday, April 17th. The shares were sold at an average price of $85.00, for a total value of $318,750.00. Following the sale, the director now owns 18,610 shares in the company, valued at approximately $1,581,850. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of BMRN traded up $0.08 during trading hours on Friday, hitting $83.70. The company had a trading volume of 56,842 shares, compared to its average volume of 1,325,967. BioMarin Pharmaceutical has a 52-week low of $75.81 and a 52-week high of $100.51. The company has a market cap of $14,864.02, a P/E ratio of -124.81 and a beta of 1.69. The company has a current ratio of 2.70, a quick ratio of 2.12 and a debt-to-equity ratio of 0.29.

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BioMarin Pharmaceutical (NASDAQ:BMRN) last announced its quarterly earnings results on Thursday, February 22nd. The biotechnology company reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.24) by ($0.06). BioMarin Pharmaceutical had a negative net margin of 8.91% and a negative return on equity of 3.18%. The business had revenue of $358.31 million for the quarter, compared to analysts’ expectations of $346.24 million. equities research analysts forecast that BioMarin Pharmaceutical will post -0.16 earnings per share for the current fiscal year.

A number of large investors have recently made changes to their positions in BMRN. First Manhattan Co. increased its holdings in BioMarin Pharmaceutical by 104.2% during the 4th quarter. First Manhattan Co. now owns 1,225 shares of the biotechnology company’s stock valued at $109,000 after purchasing an additional 625 shares during the period. Financial Gravity Companies Inc. purchased a new position in BioMarin Pharmaceutical during the 4th quarter valued at about $112,000. IFG Advisory LLC purchased a new position in BioMarin Pharmaceutical during the 4th quarter valued at about $212,000. First Republic Investment Management Inc. purchased a new position in BioMarin Pharmaceutical during the 3rd quarter valued at about $220,000. Finally, Redmile Group LLC purchased a new position in BioMarin Pharmaceutical during the 4th quarter valued at about $223,000.

A number of equities research analysts have weighed in on the company. BMO Capital Markets restated an “outperform” rating and set a $125.00 price target (up previously from $119.00) on shares of BioMarin Pharmaceutical in a research report on Friday, February 23rd. Wedbush restated an “outperform” rating and set a $110.00 price target on shares of BioMarin Pharmaceutical in a research report on Friday, December 22nd. Credit Suisse Group restated a “buy” rating and set a $116.00 price target on shares of BioMarin Pharmaceutical in a research report on Thursday, March 29th. Zacks Investment Research downgraded BioMarin Pharmaceutical from a “buy” rating to a “hold” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase restated a “buy” rating on shares of BioMarin Pharmaceutical in a research report on Sunday, February 25th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $112.34.

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BioMarin Pharmaceutical Company Profile

BioMarin Pharmaceutical, Inc, a biotechnology company, develops and commercializes therapies for people with serious and life-threatening rare diseases and medical conditions. Its commercial products include Aldurazyme that is used for the treatment of patients with mucopolysaccharidosis I, a genetic disease; Brineura for the treatment of late infantile neuronal ceroid lipofuscinosis type 2, a form of Batten disease; and Firdapse for Lambert Eaton Myasthenic Syndrome.

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