Leerink Partners Sticks to Their Buy Rating for Aurinia Pharmaceuticals (AUPH)
In a report issued on June 7, Joseph Schwartz from Leerink Partners maintained a Buy rating on Aurinia Pharmaceuticals (AUPH). The company’s shares closed last Wednesday at $12.68.
According to TipRanks.com, Schwartz is a 4-star analyst with an average return of 13.4% and a 47.6% success rate. Schwartz covers the Healthcare sector, focusing on stocks such as Applied Molecular Transport, Crinetics Pharmaceuticals, and Mereo Biopharma Group Plc.
Currently, the analyst consensus on Aurinia Pharmaceuticals is a Strong Buy with an average price target of $27.25, an 116.8% upside from current levels. In a report issued on May 24, Oppenheimer also assigned a Buy rating to the stock with a $28.00 price target.
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The company has a one-year high of $20.50 and a one-year low of $9.72. Currently, Aurinia Pharmaceuticals has an average volume of 3.58M.
Based on the recent corporate insider activity of 32 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 AUPH in relation to earlier this year.
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Aurinia Pharmaceuticals, Inc. operates as a clinical stage biopharmaceutical company, which engages in the development of a therapeutic drug to treat autoimmune diseases particularly lupus nephritis. The company was founded by Robert Foster, Richard Glickman and Michael Martin on June 16, 1993 and is headquartered in Victoria, Canada.