Eidos Therapeutics (EIDX) Issues Earnings Results

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Eidos Therapeutics (NASDAQ:EIDX) issued its quarterly earnings results on Monday. The company reported ($0.27) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.01), MarketWatch Earnings reports.

EIDX opened at $23.51 on Tuesday. Eidos Therapeutics has a fifty-two week low of $8.89 and a fifty-two week high of $24.75.

In other news, CFO Christine Siu sold 11,913 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $19.66, for a total transaction of $234,209.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

A hedge fund recently raised its stake in Eidos Therapeutics stock. Geode Capital Management LLC lifted its stake in shares of Eidos Therapeutics Inc (NASDAQ:EIDX) by 155.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 80,021 shares of the company’s stock after acquiring an additional 48,659 shares during the quarter. Geode Capital Management LLC owned 0.22% of Eidos Therapeutics worth $1,101,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 30.15% of the company’s stock.

EIDX has been the subject of a number of research reports. JPMorgan Chase & Co. raised Eidos Therapeutics from a “neutral” rating to an “overweight” rating in a research note on Wednesday, February 27th. BMO Capital Markets initiated coverage on Eidos Therapeutics in a research note on Friday, February 22nd. They set an “outperform” rating and a $28.00 price target for the company. ValuEngine lowered Eidos Therapeutics from a “buy” rating to a “hold” rating in a research note on Monday, December 17th. Finally, Zacks Investment Research lowered Eidos Therapeutics from a “hold” rating to a “sell” rating in a research note on Tuesday, April 9th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $27.00.

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About Eidos Therapeutics

Eidos Therapeutics, Inc, a clinical stage biopharmaceutical company, focuses on developing drugs to treat diseases caused by transthyretin (TTR) amyloidosis (ATTR). It is developing AG10, an orally-administered small molecule designed to stabilize tetrameric TTR, thereby halting at its outset the series of molecular events that give rise to ATTR.

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