Liquidia Corporation (NASDAQ:LQDA) Stock Now Rated “Hold” by Wall Street Brokerages

Liquidia Corporation (NASDAQ:LQDA) has earned an average recommendation of “Hold” from the twelve ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $72.85.

A number of brokerages have issued reports on LQDA. Zacks Research downgraded shares of Liquidia from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Bank of America raised their price objective on Liquidia from $79.00 to $92.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. BTIG Research raised Liquidia from a “neutral” rating to a “buy” rating and set a $70.00 target price on the stock in a report on Wednesday, October 14th. Lifesci Capital raised Liquidia from a “hold” rating to an “outperform” rating and set a $59.00 target price on the stock in a report on Wednesday, October 14th. Finally, Stephens set a $130.00 target price on Liquidia in a research report on Friday, July 24th.

Liquidia Stock Performance

NASDAQ LQDA opened at $45.44 on Friday. Liquidia has a twelve month low of $22.05 and a twelve month high of $93.61. The stock’s 50 day moving average is $54.69 and its 200 day moving average is $54.15.

Liquidia (NASDAQ:LQDA) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.02). The firm had revenue of $171.68 million for the quarter, compared to analysts’ expectations of $168.48 million. The firm’s revenue was up 1842.1% on a year-over-year basis. During the same quarter last year, the firm posted ($0.49) EPS. As a group, equities analysts predict that Liquidia will post 2.05 EPS for the current year.

Insider Activity at Liquidia

In other news, Director Stephen M. Bloch sold 235,477 shares of the firm’s stock in a transaction on Monday, October 5th. The stock was sold at an average price of $27.13, for a total value of $6,388,491.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Rajeev Saggar sold 50,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $74.06, for a total transaction of $3,703,000.00. Following the completion of the transaction, the insider directly owned 142,265 shares of the company’s stock, valued at $10,536,145.90. The trade was a 26.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 564,310 shares of company stock worth $25,648,122 over the last quarter. 25.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Liquidia

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC boosted its holdings in shares of Liquidia by 13.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,634 shares of the company’s stock worth $80,000 after purchasing an additional 320 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Liquidia by 26.2% in the third quarter. Pinnacle Wealth Planning Services Inc. now owns 1,557 shares of the company’s stock valued at $47,000 after purchasing an additional 323 shares during the last quarter. Hanseatic Management Services Inc. increased its holdings in shares of Liquidia by 2.0% in the third quarter. Hanseatic Management Services Inc. now owns 21,733 shares of the company’s stock valued at $658,000 after purchasing an additional 435 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of Liquidia by 3.6% in the 1st quarter. Quantinno Capital Management LP now owns 17,165 shares of the company’s stock worth $648,000 after acquiring an additional 589 shares during the last quarter. Finally, Yousif Capital Management LLC increased its stake in shares of Liquidia by 4.1% in the 3rd quarter. Yousif Capital Management LLC now owns 20,008 shares of the company’s stock worth $605,000 after acquiring an additional 794 shares during the last quarter. 64.54% of the stock is owned by hedge funds and other institutional investors.

About Liquidia

Liquidia Corporation is a biopharmaceutical company focused on developing and commercializing therapies for patients with pulmonary hypertension and other serious cardiopulmonary diseases. The company is headquartered in Research Triangle Park, North Carolina, and uses its proprietary PRINT technology to engineer drug particles with controlled size, shape and composition for inhaled and injectable medicines.

Liquidia’s lead product is Yutrepia (treprostinil) inhalation powder, a dry-powder formulation of treprostinil delivered through a proprietary inhaler.