Raymond James Keeps Their Hold Rating on Aerie Pharma (AERI)
Raymond James analyst Elliot Wilbur maintained a Hold rating on Aerie Pharma (AERI) today. The company’s shares closed last Monday at $15.71.
According to TipRanks.com, Wilbur is a 1-star analyst with an average return of -0.5% and a 47.4% success rate. Wilbur covers the Healthcare sector, focusing on stocks such as Amphastar Pharmaceuticals, Amneal Pharmaceuticals, and Flexion Therapeutics.
Aerie Pharma has an analyst consensus of Strong Buy, with a price target consensus of $26.00.
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Based on Aerie Pharma’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $20.08 million and GAAP net loss of $39.65 million. In comparison, last year the company earned revenue of $18.54 million and had a GAAP net loss of $49.4 million.
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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.