Analysts Expect Applied Therapeutics (NASDAQ:APLT) to Post ($0.39) EPS

Shares of Applied Therapeutics (NASDAQ:APLT) have received an average broker rating score of 1.00 (Strong Buy) from the three analysts that provide coverage for the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12-month consensus target price of $26.50 for the company and are forecasting that the company will post ($0.39) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Applied Therapeutics an industry rank of 77 out of 256 based on the ratings given to related companies.

Several analysts have commented on the company. UBS Group assumed coverage on Applied Therapeutics in a report on Monday. They issued a “buy” rating on the stock. Cowen assumed coverage on Applied Therapeutics in a report on Monday. They issued an “outperform” rating on the stock. Robert W. Baird assumed coverage on Applied Therapeutics in a report on Monday. They issued an “outperform” rating and a $24.00 price objective on the stock. Finally, Citigroup assumed coverage on Applied Therapeutics in a report on Monday. They issued a “buy” rating and a $29.00 price objective on the stock.



In other news, insider Shoshana Shendelman bought 125,000 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were acquired at an average price of $10.00 per share, for a total transaction of $1,250,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Real Estate Equitie Alexandria acquired 975,000 shares of Applied Therapeutics stock in a transaction that occurred on Thursday, May 16th. The shares were bought at an average price of $10.00 per share, for a total transaction of $9,750,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 1,250,000 shares of company stock worth $12,500,000.

APLT traded up $0.08 during trading on Wednesday, hitting $10.00. The company’s stock had a trading volume of 32,365 shares, compared to its average volume of 67,116. Applied Therapeutics has a twelve month low of $7.95 and a twelve month high of $11.20.

Applied Therapeutics Company Profile

Applied Therapeutics, Inc, a biopharmaceutical company, develops novel products to target cardiovascular disease, galactosemia, and diabetic complications. Its lead product candidate is AT-001 that is in phase II clinical trials for treating diabetic cardiomyopathy, as well as is in phase I clinical trials to treat diabetic peripheral neuropathy.

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