In a report released today, Elliot Wilbur from Raymond James maintained a Hold rating on Aerie Pharma (AERI – Research Report). The company’s shares closed last Monday at $9.81, close to its 52-week low of $9.01.
According to TipRanks.com, Wilbur is ranked 0 out of 5 stars with an average return of -3.3% and a 41.6% success rate. Wilbur covers the Healthcare sector, focusing on stocks such as Teva Pharmaceutical Industries, Amphastar Pharmaceuticals, and Amneal Pharmaceuticals.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Aerie Pharma with a $24.25 average price target.
Based on Aerie Pharma’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $18.03 million and GAAP net loss of $48.19 million. In comparison, last year the company earned revenue of $15.84 million and had a GAAP net loss of $47.16 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.