Russell Investments Group Ltd. lowered its position in Eiger BioPharmaceuticals, Inc. (NASDAQ:EIGR) by 28.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 109,618 shares of the biotechnology company’s stock after selling 43,889 shares during the period. Russell Investments Group Ltd.’s holdings in Eiger BioPharmaceuticals were worth $932,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Eiger BioPharmaceuticals in the first quarter valued at about $39,000. Forefront Analytics LLC acquired a new stake in Eiger BioPharmaceuticals in the first quarter valued at about $97,000. Oppenheimer & Co. Inc. acquired a new stake in Eiger BioPharmaceuticals in the first quarter valued at about $136,000. HRT Financial LP acquired a new stake in Eiger BioPharmaceuticals in the first quarter valued at about $165,000. Finally, Axiom Investment Management LLC acquired a new stake in Eiger BioPharmaceuticals in the first quarter valued at about $186,000. Hedge funds and other institutional investors own 68.68% of the company’s stock.
Shares of Eiger BioPharmaceuticals stock opened at $7.03 on Tuesday. The company has a current ratio of 7.48, a quick ratio of 7.35 and a debt-to-equity ratio of 0.29. The company has a 50-day moving average of $8.01 and a two-hundred day moving average of $8.37. Eiger BioPharmaceuticals, Inc. has a 12-month low of $6.80 and a 12-month high of $13.49. The stock has a market cap of $238.68 million, a PE ratio of -8.79 and a beta of 1.34.
A number of research analysts have issued reports on the stock. BTIG Research reaffirmed a “buy” rating and issued a $45.00 target price on shares of Eiger BioPharmaceuticals in a report on Friday, August 6th. Citigroup increased their target price on shares of Eiger BioPharmaceuticals from $26.00 to $27.00 and gave the company a “buy” rating in a report on Monday, August 9th. Finally, Zacks Investment Research cut shares of Eiger BioPharmaceuticals from a “hold” rating to a “sell” rating in a report on Tuesday, August 10th. One analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $26.17.
About Eiger BioPharmaceuticals
Eiger BioPharmaceuticals, Inc engages in the development and commercialization of foundational therapies for Hepatitis Delta Virus. It is also developing avexitide as a treatment for Post-Bariatric Hypoglycemia. The company was founded by David A. Cory and Glenn S. Jeffrey on November 6, 2008 and is headquartered in Palo Alto, CA.
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