In a report released today, Serge Belanger from Needham assigned a Buy rating to Aerie Pharma (AERI), with a price target of $38.00. The company’s shares closed last Thursday at $16.01.
According to TipRanks.com, Belanger is a 4-star analyst with an average return of 5.6% and a 50.8% success rate. Belanger covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, KalVista Pharmaceuticals, and Collegium Pharmaceutical.
Aerie Pharma has an analyst consensus of Strong Buy, with a price target consensus of $29.00, implying an 80.6% upside from current levels. In a report issued on May 7, Piper Sandler also maintained a Buy rating on the stock with a $35.00 price target.
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The company has a one-year high of $40.25 and a one-year low of $10.80. Currently, Aerie Pharma has an average volume of 1.03M.
Based on the recent corporate insider activity of 42 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 AERI in relation to earlier this year. Earlier this month, Murray Goldberg, a Director at AERI bought 28,000 shares for a total of $88,200.
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Aerie Pharmaceuticals, Inc. engages in the discovery, development, and commercialization of therapies for the treatment of patients with open-angle glaucoma, retinal diseases and other diseases of the eye. Its products include Rhopressa, Roclatan, AR-13503, and AR-1105. The company was founded by David L. Epstein, Casey C. Kopczynski, Thomas J. van Haarlem, and Eric J. Toone on June 22, 2005 and is headquartered in Durham, NC.
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