The Chief Regulatory Officer of Neurocrine (NBIX) is Buying Shares

Today, the Chief Regulatory Officer of Neurocrine (NBIX), Malcolm Lloyd-Smith, bought shares of NBIX for $139.1K.

Following this transaction Malcolm Lloyd-Smith’s holding in the company was increased by 74.89% to a total of $1.66 million. In addition to Malcolm Lloyd-Smith, one other NBIX executive reported Buy trades in the last month.

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Based on Neurocrine’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $152 million and quarterly net profit of $50.76 million. In comparison, last year the company earned revenue of $60.77 million and had a GAAP net loss of $11.13 million. NBIX’s market cap is $9.84B and the company has a P/E ratio of 1994.49. Currently, Neurocrine has an average volume of 569.6K.

Starting in November 2017, NBIX received 66 Buy ratings in a row. Based on 9 analyst ratings, the analyst consensus is Strong Buy with an average price target of $134.56, reflecting a 24.2% upside. Nine different firms, including Jefferies and Cantor Fitzgerald, currently also have a Buy rating on the stock.

The insider sentiment on Neurocrine has been positive according to 59 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Neurocrine Biosciences, Inc. operates as a product based bio-pharmaceutical company. It discovers, develops and intends to commercialize drugs for the treatment of neurological and endocrine related diseases and disorders.